Agilysys, Inc. (NASDAQ:AGYS) Given Average Rating of “Buy” by Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $146.00.

Several research firms have issued reports on AGYS. Needham & Company LLC increased their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday. BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Oppenheimer increased their target price on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd.

Agilysys Trading Up 3.5 %

Shares of AGYS opened at $134.56 on Friday. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $142.64. The business has a 50-day moving average of $129.56 and a 200 day moving average of $115.29. The firm has a market cap of $3.76 billion, a P/E ratio of 38.34 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same period in the previous year, the business earned $0.25 EPS. Agilysys’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that Agilysys will post 0.81 EPS for the current year.

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Mutch sold 500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the transaction, the director now owns 34,654 shares in the company, valued at $4,777,400.44. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,122 shares of company stock valued at $3,188,066 in the last ninety days. Company insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC bought a new position in Agilysys in the 2nd quarter worth about $1,111,000. Rhumbline Advisers raised its position in Agilysys by 4.8% in the second quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock worth $5,280,000 after acquiring an additional 2,341 shares during the period. Victory Capital Management Inc. increased its position in Agilysys by 24.5% in the second quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock worth $1,997,000 after buying an additional 3,777 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Agilysys by 8.9% during the 2nd quarter. Arizona State Retirement System now owns 6,894 shares of the software maker’s stock valued at $718,000 after buying an additional 561 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in Agilysys by 22.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 21,640 shares of the software maker’s stock worth $2,254,000 after acquiring an additional 3,982 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.