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

Shares of Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $124.60.

A number of analysts have weighed in on the stock. UBS Group set a $110.00 price target on shares of Agilysys in a report on Wednesday, June 3rd. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Zacks Research cut shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Piper Sandler lifted their target price on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th.

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Read Our Latest Stock Analysis on AGYS

Insider Transactions at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 106,205 shares of Agilysys stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $106.62, for a total transaction of $11,323,577.10. Following the sale, the chief executive officer owned 635,044 shares in the company, valued at $67,708,391.28. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William Wood, III sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the sale, the chief financial officer directly owned 35,052 shares in the company, valued at $4,021,165.44. This trade represents a 14.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 212,812 shares of company stock valued at $23,046,675 in the last ninety days. 8.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares during the period. Optiver Holding B.V. lifted its position in shares of Agilysys by 700.0% during the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Agilysys in the 4th quarter valued at $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Agilysys in the 3rd quarter valued at $43,000. Finally, Versant Capital Management Inc grew its position in Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after acquiring an additional 233 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Price Performance

AGYS opened at $111.36 on Wednesday. The stock’s 50 day moving average price is $109.52 and its two-hundred day moving average price is $87.62. The firm has a market capitalization of $3.14 billion, a P/E ratio of 73.75 and a beta of 0.38. Agilysys has a 12-month low of $61.50 and a 12-month high of $145.25.

Agilysys (NASDAQ:AGYS – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.Agilysys’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, analysts anticipate that Agilysys will post 1.73 earnings per share for the current year.

Agilysys Company Profile

(Get Free Report)

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.

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