Agilysys Inc. President and CEO Ramesh Srinivasan sold 197,410 shares between August 5 and August 7, 2026. The transactions totaled approximately $21.3 million. Sales occurred at weighted average prices ranging from $106.60 to $109.63 per share. Srinivasan retains direct ownership of 610,044 shares.
The divestment followed the company’s fiscal first-quarter 2027 earnings report on July 27. Agilysys surpassed Wall Street expectations and raised its full-year financial guidance.
Needham and Oppenheimer subsequently raised their price targets for the hospitality technology firm. Analysts cited record bookings and a growing project backlog as primary growth drivers.