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ALPHARETTA, Ga.—John Mutch, a director at Agilysys Inc. (NASDAQ:AGYS), recently sold 2,000 shares of the company’s common stock. The shares were sold on March 7 at a price of $77.87 each, bringing the total transaction value to $155,740. The transaction comes as the stock trades near its 52-week low, having declined about 44% year-to-date, according to InvestingPro data.
Following the sale, Mutch retains ownership of 32,654 shares in the company. This transaction reflects Mutch’s continued involvement with Agilysys, a firm known for its computer integrated systems design services. The company, currently valued at $2.05 billion, maintains strong financial health with 15.5% revenue growth in the last twelve months. InvestingPro subscribers can access 14 additional investment tips and a comprehensive analysis of AGYS’s valuation metrics.
The sale was disclosed in a filing with the Securities and Exchange Commission, signed by Attorney-in-Fact Kyle C. Badger on March 10. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading near its fair value.
In other recent news, Agilysys Inc. reported its financial results for the third quarter of fiscal year 2025, surpassing earnings per share (EPS) expectations with a reported $0.38 against a forecast of $0.34. However, the company’s revenue fell short, reaching $69.6 million compared to the anticipated $73.15 million. This revenue miss led to a downward adjustment in the full-year revenue guidance to $273 million. Despite these challenges, Agilysys’s subscription revenue showed a significant year-over-year increase of 45.1%. Analyst firms Craig-Hallum, Oppenheimer, and Needham have all adjusted their price targets for Agilysys, reflecting both short-term concerns and confidence in the company’s subscription revenue growth. Craig-Hallum lowered its price target to $120, while maintaining a Buy rating, citing confidence in Agilysys’s market position and strategic initiatives. Oppenheimer revised its target to $135, also retaining an Outperform rating, and recommended buying shares on weakness due to expected durable growth. Needham set a new target of $125, reiterating a Buy rating and expressing confidence in Agilysys’s margin improvement and subscription trajectory. These developments come as Agilysys faces longer sales cycles in its Point of Sale segment and resource challenges in Services, yet continues to make progress with its Marriott deployment.
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