Agilysys, Inc’s recent filing unveils that its Affiliate of Director MAK CAPITAL ONE LLC unloaded Company’s shares for reported $3.5 million on Jun 14 ’24. In the deal valued at $90.85 per share,38,539 shares were sold. As a result of this transaction, MAK CAPITAL ONE LLC now holds 1,449,136 shares worth roughly $134.64 million.
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Then, MAK CAPITAL ONE LLC sold 21,137 shares, generating $1,917,327 in total proceeds. Upon selling the shares at $90.71, the Affiliate of Director now owns 1,487,675 shares.
Before that, MAK CAPITAL ONE LLC sold 33,933 shares. Agilysys, Inc shares valued at $3,147,293 were divested by the Affiliate of Director at a price of $92.75 per share. As a result of the transaction, MAK CAPITAL ONE LLC now holds 1,508,812 shares, worth roughly $140.18 million.
Needham initiated its Agilysys, Inc [AGYS] rating to a Buy in a research note published on August 14, 2023; the price target was $92. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. BTIG Research also remained covering AGYS and has increased its forecast on December 16, 2022 with a “Buy” recommendation from previously “Neutral” rating. Craig Hallum revised its rating on October 26, 2022. It rated AGYS as “a Buy” which previously was an “a Hold”.
Price Performance Review of AGYS
On Tuesday, Agilysys, Inc [NASDAQ:AGYS] saw its stock fall -1.30% to $92.91. Over the last five days, the stock has gained 1.98%. Agilysys, Inc shares have risen nearly 9.54% since the year began. Nevertheless, the stocks have risen 30.79% over the past one year. While a 52-week high of $105.00 was reached on 05/23/24, a 52-week low of $63.08 was recorded on 01/17/24. SMA at 50 days reached $89.16, while 200 days put it at $81.79. A total of 0.19 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For AGYS Stock
The 24-hour chart illustrates a support level at 91.90, which if violated will result in even more drops to 90.88. On the upside, there is a resistance level at 94.71. A further resistance level may holdings at 96.50. The Relative Strength Index (RSI) on the 14-day chart is 50.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.19%. Stochastics %K at 34.85% indicates the stock is a holding.
