Agilysys Inc (NASDAQ:AGYS) has reported a significant transaction by one of its top executives. Kyle C. Badger, the company's Senior Vice President, General Counsel, and Secretary, sold a total of 59,808 shares of common stock in two separate transactions. These sales amounted to over $5.9 million, with share prices ranging from $99.05 to $99.21.
On May 16, Badger sold 8,948 shares at a weighted average price of $99.15. The following day, he sold an additional 50,860 shares, with prices ranging from $99.05 to $99.21. The transactions were reported in a recent filing with the Securities and Exchange Commission.
In addition to the sales, Badger also acquired shares through the exercise of stock options on May 16. Although the exact number of shares acquired was not disclosed, the transaction did not involve any monetary exchange as the options were exercised at a price of $0.00.
Following these transactions, Badger's ownership in the company has been adjusted to 116,083 shares of common stock. Agilysys, known for its computer integrated systems design services, has not made any additional comments regarding these transactions.
Investors often monitor insider transactions as they provide insights into executives' perspectives on the company's stock value. The recent sales by a key Agilysys executive may be of interest to current and potential shareholders as they assess the company's performance and future prospects.
InvestingPro Insights
Agilysys Inc (NASDAQ:AGYS) has been drawing attention not only due to insider transactions but also thanks to its robust financial metrics and market performance. According to InvestingPro data, Agilysys boasts a market capitalization of $2.76 billion and has demonstrated a significant revenue growth of 19.89% over the last twelve months as of Q4 2024. This growth is even more pronounced when looking at the quarterly figure, with a 17.63% increase in revenue in Q4 2024. The company's gross profit margin stands impressively at 60.75%, indicating strong profitability relative to its revenue.
Adding to the financial picture, two InvestingPro Tips highlight the company's current market position. Firstly, Agilysys holds more cash than debt on its balance sheet, which is a reassuring sign for investors looking for financial stability. Secondly, the stock is experiencing significant returns, with a 24.6% price total return over the last week, and analysts predict the company will be profitable this year. These factors could provide additional context for investors following Senior Vice President Kyle C. Badger's recent stock transactions.
For investors seeking a deeper analysis, there are 17 additional InvestingPro Tips available for Agilysys, offering a comprehensive look at various aspects of the company's performance and valuation. To discover these insights and make informed investment decisions, visit https://www.investing.com/pro/AGYS and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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