Agilysys (AGYS) Set to Announce Quarterly Earnings on Monday

Agilysys (NASDAQ:AGYS) is scheduled to release its earnings data after the market closes on Monday, October 28th. Analysts expect Agilysys to post earnings of $0.26 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Agilysys Stock Performance

Shares of Agilysys stock opened at $110.19 on Friday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 30.44 and a beta of 0.83. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $125.73. The stock has a 50 day moving average of $109.12 and a 200 day moving average of $101.11.

Analysts Set New Price Targets

Several brokerages recently weighed in on AGYS. Northland Securities increased their price objective on Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Craig Hallum increased their price objective on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Oppenheimer increased their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Agilysys in a research report on Monday, September 16th. Finally, BTIG Research raised their price target on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $124.00.

Insider Transactions at Agilysys

In related news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction on Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the transaction, the chief executive officer now directly owns 738,367 shares in the company, valued at approximately $75,335,585.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director John Mutch sold 1,000 shares of Agilysys stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the transaction, the director now directly owns 36,326 shares in the company, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction on Monday, September 9th. The shares were sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the transaction, the chief executive officer now owns 738,367 shares of the company’s stock, valued at approximately $75,335,585.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock worth $3,734,810 over the last ninety days. Company insiders own 19.30% of the company’s stock.

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.