Agilysys, Inc. (NASDAQ:AGYS) Receives Average Recommendation of “Buy” from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $137.80.

Several research firms have commented on AGYS. Northland Securities reissued an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Oppenheimer increased their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC lifted their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Agilysys Trading Down 2.3 %

NASDAQ AGYS opened at $132.93 on Monday. Agilysys has a one year low of $73.52 and a one year high of $139.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 37.87 and a beta of 0.93. The company’s 50-day simple moving average is $120.96 and its two-hundred day simple moving average is $109.99.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same period in the previous year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts forecast that Agilysys will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In related news, insider Chris J. Robertson sold 264 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the sale, the insider now owns 22,624 shares in the company, valued at $2,281,856.64. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William David Wood III sold 1,870 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $250,598.70. Following the transaction, the chief financial officer now directly owns 47,609 shares of the company’s stock, valued at $6,380,082.09. This represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,122 shares of company stock worth $1,231,391. 19.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CWM LLC lifted its stake in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Agilysys during the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the period. GAMMA Investing LLC raised its position in Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Agilysys in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.