Cathie Wood’s ARK sells Shopify stock, buys Palantir

William David Wood III, Chief Financial Officer of AGILYSYS INC (NASDAQ:AGYS), sold 961 shares of company common stock on November 2, 2026. The sale amounted to $111,476, with each share exchanged at $116.0. The transaction took place following the implementation of a Rule 10b5-1 trading plan, approved by Mr. Wood on June 12, 2026.

As a result of this sale, Mr. Wood currently holds 35,872 shares of AGILYSYS INC common stock. Recent analysis suggests that the stock is slightly overvalued compared to its Fair Value, although it trades at a favorable PEG ratio of 0.94. Investors can access additional insights through AGYS's detailed Pro Research Report available on the InvestingPro platform.

Notably, Agilysys reported robust second-quarter fiscal 2027 results, with revenue surging to $93.4 million, a 17.7% increase from the prior year, exceeding market expectations of $90.92 million. Adjusted earnings stood at $0.67 per share, surpassing the projected $0.55 per share. Following these strong financial results, Piper Sandler raised its price target for Agilysys to $140, maintaining an Overweight rating, while Needham adjusted its target to $145, highlighting the company's impressive earnings, revenue growth, and record bookings and profitability.

Despite the positive outlook, Agilysys stock experienced a decline in after-hours trading. Overall, Agilysys has achieved record quarterly revenue for 19 consecutive quarters, showcasing its consistent growth and performance in the market.