Agilysys (NASDAQ:AGYS) Posts Earnings Results, Beats Estimates By $0.12 EPS

Agilysys (NASDAQ:AGYS) released its earnings results on Monday. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.12, FiscalAI reports. Agilysys had a return on equity of 11.94% and a net margin of 12.99%. The firm had revenue of $93.36 million during the quarter, compared to analysts’ expectations of $90.92 million.

Agilysys Trading Up 2.3%

Shares of NASDAQ:AGYS traded up $2.76 during mid-day trading on Monday, reaching $123.45. The stock had a trading volume of 997,824 shares, compared to its average volume of 327,555. The business’s 50 day moving average price is $108.07 and its 200 day moving average price is $95.59. Agilysys has a 1 year low of $61.50 and a 1 year high of $145.25. The company has a market cap of $3.48 billion, a P/E ratio of 81.76, a price-to-earnings-growth ratio of 3.49 and a beta of 0.37.

Analyst Ratings Changes

A number of research firms recently commented on AGYS. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Agilysys in a report on Monday, October 12th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Needham & Company LLC lifted their price objective on shares of Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.60.

Insider Transactions at Agilysys

In other news, CFO William Wood, III sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00. Following the sale, the chief financial officer directly owned 35,052 shares of the company’s stock, valued at $4,021,165.44. This represents a 14.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joe Youssef sold 1,002 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $114.64, for a total value of $114,869.28. Following the sale, the insider directly owned 19,045 shares in the company, valued at $2,183,318.80. This trade represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 212,812 shares of company stock worth $23,046,675. 8.70% of the stock is owned by corporate insiders.

Agilysys Company Profile

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.