Agilysys (AGYS) Scheduled to Post Earnings on Monday

Agilysys (NASDAQ:AGYS) is scheduled to post its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Agilysys to post earnings of $0.26 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $64.52 million. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. On average, analysts expect Agilysys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Agilysys Stock Performance

NASDAQ AGYS opened at $123.94 on Monday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 39.22 and a beta of 0.83. The stock’s 50 day moving average price is $108.89 and its two-hundred day moving average price is $100.36. Agilysys has a 52 week low of $63.78 and a 52 week high of $125.73.

Insider Buying and Selling

In related news, Director John Mutch sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now directly owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Agilysys news, Director John Mutch sold 1,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the transaction, the director now directly owns 36,326 shares of the company’s stock, valued at $4,129,902.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the transaction, the chief executive officer now directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,000 shares of company stock valued at $3,734,810. 23.60% of the stock is owned by insiders.

Analyst Ratings Changes

AGYS has been the topic of a number of analyst reports. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Northland Securities upped their price objective on Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research note on Monday, September 16th. William Blair initiated coverage on Agilysys in a research note on Monday, June 24th. They set an “outperform” rating on the stock. Finally, BTIG Research upped their price objective on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.00.

About Agilysys

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.