ALPHARETTA, Ga.—Kyle C. Badger, Senior Vice President, General Counsel, and Secretary at Agilysys Inc. (NASDAQ:AGYS), recently sold 471 shares of the company’s common stock. The shares were sold at a price of $100.86 each, amounting to a total transaction value of $47,505. Following this transaction, Badger retains ownership of 115,117 shares in Agilysys.
The sale was conducted to fund withholding tax obligations related to the vesting of restricted common stock on October 31, 2024. This transaction was filed with the Securities and Exchange Commission on November 4, 2024.
In other recent news, Agilysys has been making significant strides in its financial performance. The company posted record revenues for the fiscal 2025 second quarter, marking the 11th consecutive quarter of record revenue. This robust growth is demonstrated by a 16.5% increase in revenue year-over-year to $68.3 million and a 21% growth in recurring revenue to $41.4 million.
The recent acquisition of Book4Time, a spa management software provider, is anticipated to fortify Agilysys' market position by expanding its customer properties by 30%. Despite challenges in product revenue and in the U.S. food service management vertical and APAC region, the company's management remains optimistic about future growth, driven by an expanding product ecosystem and increased market awareness.
Agilysys has raised its full-year revenue guidance to between $280 million and $285 million, with subscription revenue growth projected to exceed 38%. These recent developments highlight the company's continued pursuit of growth and market expansion.
InvestingPro Insights
To provide additional context to Kyle C. Badger's recent stock sale, it's worth examining some key financial metrics and insights from InvestingPro for Agilysys Inc. (NASDAQ:AGYS).
According to InvestingPro data, Agilysys has a market capitalization of $2.84 billion and a P/E ratio of 28.93. The company has demonstrated strong financial performance, with revenue growth of 17.05% in the last twelve months as of Q2 2025, reaching $254.58 million. This growth is complemented by a healthy gross profit margin of 62.53% for the same period.
An InvestingPro Tip highlights that 4 analysts have revised their earnings upwards for the upcoming period, suggesting positive expectations for the company's financial performance. This could be particularly relevant in light of the insider sale, as it indicates that despite the transaction, there's optimism about the company's future earnings potential.
Another InvestingPro Tip notes that Agilysys has seen a large price uptick over the last six months, with InvestingPro data showing a 29.97% price total return over that period. This aligns with the stock's current price of $102.39, which is 81.88% of its 52-week high, indicating strong recent performance.
For investors seeking more comprehensive analysis, InvestingPro offers 14 additional tips for Agilysys, providing a deeper understanding of the company's financial health and market position.
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