Agilysys, Inc. (NASDAQ:AGYS) Receives Average Rating of “Buy” from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $134.80.

AGYS has been the subject of a number of analyst reports. Needham & Company LLC raised their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Oppenheimer upped their target price on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Securities reissued an “outperform” rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, BTIG Research lifted their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th.

Insiders Place Their Bets

In related news, Director Melvin L. Keating sold 3,280 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total value of $402,915.20. Following the completion of the transaction, the director now directly owns 34,407 shares of the company’s stock, valued at $4,226,555.88. This trade represents a 8.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William David Wood III sold 588 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the sale, the chief financial officer now directly owns 49,479 shares in the company, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,023 shares of company stock worth $4,548,979. 19.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. CWM LLC increased its holdings in shares of Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Agilysys during the 2nd quarter valued at approximately $32,000. Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Finally, NBC Securities Inc. acquired a new stake in Agilysys during the third quarter valued at $46,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Up 2.1 %

Shares of AGYS stock opened at $125.78 on Thursday. The company’s fifty day simple moving average is $110.92 and its two-hundred day simple moving average is $105.08. Agilysys has a 52 week low of $73.52 and a 52 week high of $128.61. The stock has a market cap of $3.52 billion, a P/E ratio of 35.83 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Analysts predict that Agilysys will post 0.81 EPS for the current fiscal year.

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.