Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Rating of “Buy” by Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been given a consensus recommendation of “Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $137.80.

AGYS has been the topic of a number of recent research reports. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BTIG Research upped their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer increased their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Northland Securities reissued an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, Needham & Company LLC upped their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Agilysys Stock Up 2.8 %

Shares of Agilysys stock opened at $138.67 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys has a 52-week low of $73.52 and a 52-week high of $142.64. The company has a market capitalization of $3.88 billion, a P/E ratio of 39.51 and a beta of 0.93. The company has a 50 day moving average of $123.56 and a 200 day moving average of $111.33.

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

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kyle C. Badger sold 471 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $47,505.06. Following the transaction, the senior vice president now directly owns 115,117 shares of the company’s stock, valued at approximately $11,610,700.62. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,122 shares of company stock valued at $1,231,391. Company insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

Several hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Agilysys by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock worth $1,062,000 after buying an additional 200 shares during the period. RiverPark Advisors LLC grew its holdings in Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after buying an additional 170 shares in the last quarter. Conestoga Capital Advisors LLC bought a new position in Agilysys in the 2nd quarter worth approximately $16,546,000. Finally, HB Wealth Management LLC acquired a new stake in Agilysys in the 2nd quarter valued at approximately $567,000. Institutional investors 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.