Agilysys (NASDAQ:AGYS) Announces Earnings Results, Misses Expectations By $0.04 EPS

Agilysys (NASDAQ:AGYS) released its earnings results on Monday. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04), FiscalAI reports. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The company had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million.

Agilysys Trading Up 5.5%

NASDAQ:AGYS traded up $5.92 during trading hours on Monday, hitting $113.55. 703,460 shares of the stock traded hands, compared to its average volume of 212,580. The firm has a 50 day moving average price of $120.07 and a 200 day moving average price of $115.44. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 132.04 and a beta of 0.43. Agilysys has a fifty-two week low of $63.71 and a fifty-two week high of $145.25.

Insider Buying and Selling at Agilysys

In related news, Director Donald A. Colvin sold 6,000 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $123.28, for a total transaction of $739,680.00. Following the transaction, the director directly owned 24,592 shares of the company’s stock, valued at approximately $3,031,701.76. The trade was a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William David Wood III sold 990 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $123,393.60. Following the sale, the chief financial officer owned 41,636 shares of the company’s stock, valued at $5,189,511.04. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,576 shares of company stock valued at $1,189,070 in the last ninety days. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Agilysys

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Agilysys by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 24,331 shares of the software maker’s stock worth $2,789,000 after acquiring an additional 233 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Agilysys by 71.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock valued at $71,000 after acquiring an additional 263 shares during the last quarter. Woodline Partners LP raised its stake in shares of Agilysys by 8.7% in the 3rd quarter. Woodline Partners LP now owns 3,335 shares of the software maker’s stock valued at $351,000 after acquiring an additional 267 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Agilysys by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,002 shares of the software maker’s stock worth $1,605,000 after purchasing an additional 308 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGYS. Oppenheimer raised their price objective on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Wall Street Zen raised shares of Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price on shares of Agilysys in a research note on Monday, December 15th. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.