ALPHARETTA, GA—William David Wood III, the Chief Financial Officer of Agilysys Inc. (NASDAQ:AGYS), executed a transaction involving the sale of 1,870 shares of common stock. The shares were sold on December 2 at a price of $134.01 each, amounting to a total value of $250,598. The transaction comes as Agilysys trades near its 52-week high, with the stock showing impressive momentum through a 44% gain over the past six months.
Following this sale, Wood holds 47,609 shares directly. The transaction was conducted to cover tax obligations arising from the vesting of restricted common stock, as noted in the filing. According to InvestingPro analysis, Agilysys maintains strong financial health with a "GREAT" overall score, though current metrics suggest the stock is trading above its Fair Value.
Agilysys, a company specializing in computer integrated systems design with a market capitalization of $3.67 billion, is headquartered in Alpharetta, Georgia. For detailed insights and 18 additional ProTips about AGYS, investors can access the comprehensive Pro Research Report on InvestingPro.
In other recent news, Agilysys has made notable strides in its financial performance. The company reported a record revenue of $68.3 million in the second quarter of fiscal year 2025, a 16.5% increase from the previous year. The acquisition of Book4Time significantly contributed to this growth, enhancing its spa management software offerings. In addition, the company's subscription revenue saw a substantial rise of 36.6% to $25.1 million, reflecting successful expansion and modernization efforts.
According to a recent Oppenheimer survey, the demand for enterprise suppliers, such as Agilysys, is projected to improve in the fourth quarter and remain steady into the new year. The survey also revealed that IT budgets, previously deferred, are now expected to be utilized in the fourth quarter. Despite challenges in the U.S. food service management and Asia-Pacific markets, Agilysys has raised its full-year revenue guidance to between $280 million and $285 million. The company also expressed interest in making more strategic acquisitions in the future, indicating a proactive approach towards growth and expansion in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.