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

Agilysys, Inc. (NASDAQ:AGYS) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $120.83.

A number of equities analysts recently weighed in on AGYS shares. Oppenheimer cut their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Needham & Company LLC boosted their target price on shares of Agilysys from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group set a $100.00 target price on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Craig Hallum decreased their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd.

Insiders Place Their Bets

In other Agilysys news, Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

A number of institutional investors have recently added to or reduced their stakes in AGYS. Barclays PLC increased its position in shares of Agilysys by 105.2% during the third quarter. Barclays PLC now owns 50,572 shares of the software maker’s stock valued at $5,512,000 after buying an additional 25,926 shares during the period. Principal Financial Group Inc. boosted its position in shares of Agilysys by 2.6% in the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock valued at $12,630,000 after acquiring an additional 2,949 shares during the period. Albert D Mason Inc. grew its stake in Agilysys by 2.3% during the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock valued at $1,554,000 after acquiring an additional 267 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Agilysys by 320.5% during the 4th quarter. SG Americas Securities LLC now owns 4,192 shares of the software maker’s stock worth $552,000 after acquiring an additional 3,195 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $100.19 on Thursday. The company has a market capitalization of $2.80 billion, a PE ratio of 125.24 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $75.40 and its 200-day moving average price is $98.98. Agilysys has a twelve month low of $63.71 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.28. The business had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. Agilysys’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. On average, equities analysts anticipate that Agilysys will post 0.8 EPS for the current 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.