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

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $127.50.

AGYS has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Craig Hallum reduced their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Oppenheimer lowered their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Northland Securities boosted their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th.

Agilysys Price Performance

Agilysys stock opened at $77.84 on Wednesday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 97.30 and a beta of 0.98. Agilysys has a one year low of $71.37 and a one year high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The business has a fifty day moving average price of $87.02 and a 200-day moving average price of $108.75.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, equities research analysts forecast that Agilysys will post 0.8 EPS for the current year.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the transaction, the director now owns 32,654 shares in the company, valued at approximately $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total value of $979,125.00. Following the sale, the director now owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,250 shares of company stock worth $8,708,238 over the last ninety days. Insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in Agilysys by 412.9% during the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock valued at $95,858,000 after buying an additional 585,886 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Agilysys by 521.7% during the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock valued at $80,347,000 after acquiring an additional 511,900 shares during the last quarter. FMR LLC boosted its holdings in shares of Agilysys by 1,197.1% during the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after purchasing an additional 466,704 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Agilysys by 729.1% in the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock worth $52,487,000 after purchasing an additional 350,441 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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.