Agilysys (NASDAQ:AGYS) Receives New Coverage from Analysts at William Blair

Investment analysts at William Blair initiated coverage on shares of Agilysys (NASDAQ:AGYS) in a report released on Monday, Briefing.com reports. The firm set an “outperform” rating on the software maker’s stock.

AGYS has been the subject of a number of other reports. Needham & Company LLC raised their price target on shares of Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Finally, Oppenheimer lifted their price target on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $103.33.

Agilysys Stock Up 3.8 %

AGYS stock opened at $98.44 on Monday. The firm has a 50 day moving average of $90.33 and a 200 day moving average of $84.73. The stock has a market capitalization of $2.70 billion, a PE ratio of 31.15 and a beta of 0.78. Agilysys has a 52 week low of $63.08 and a 52 week high of $105.00.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The company had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the same period last year, the business earned $0.26 EPS. Agilysys’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts expect that Agilysys will post 0.64 earnings per share for the current year.

Insiders Place Their Bets

In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of Agilysys stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the sale, the senior vice president now owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Kyle C. Badger sold 8,948 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the sale, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jerry C. Jones sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $102.89, for a total transaction of $1,028,900.00. Following the completion of the transaction, the director now directly owns 40,982 shares in the company, valued at approximately $4,216,637.98. The disclosure for this sale can be found here. Insiders have sold a total of 594,357 shares of company stock valued at $57,002,464 in the last 90 days. 23.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently made changes to their positions in AGYS. Semanteon Capital Management LP acquired a new position in Agilysys during the 4th quarter worth about $1,195,000. Axiom Investors LLC DE lifted its stake in Agilysys by 421.7% during the 4th quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock worth $4,923,000 after acquiring an additional 46,915 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Agilysys during the 4th quarter worth about $3,522,000. Wellington Management Group LLP lifted its stake in Agilysys by 159.4% during the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after acquiring an additional 369,780 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Agilysys by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock valued at $121,617,000 after purchasing an additional 106,026 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.