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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $146.00.

AGYS has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer boosted their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC lifted their price target on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, BTIG Research boosted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th.

Agilysys Stock Up 0.2 %

AGYS stock opened at $132.97 on Friday. The stock has a market cap of $3.72 billion, a PE ratio of 37.88 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $131.76 and its 200 day simple moving average is $116.31. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $142.64.

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

Insider Transactions at Agilysys

In related news, CFO William David Wood III sold 588 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 49,479 shares in the company, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chris J. Robertson sold 264 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the transaction, the insider now directly owns 22,624 shares in the company, valued at $2,281,856.64. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,122 shares of company stock worth $7,099,841. Insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Several institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its position 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 worth $115,383,000 after acquiring an additional 340,424 shares during the last quarter. Fred Alger Management LLC raised its stake in Agilysys by 1.9% during the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after buying an additional 17,898 shares during the last quarter. State Street Corp raised its stake in Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after buying an additional 43,760 shares during the last quarter. Geneva Capital Management LLC raised its stake in Agilysys by 0.4% during the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after buying an additional 2,687 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after purchasing an additional 30,655 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

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.