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

Agilysys, Inc. (NASDAQ:AGYS) has received a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $134.80.

Several equities research analysts recently issued reports on AGYS shares. BTIG Research raised their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer lifted their price target on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Needham & Company LLC lifted their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Northland Securities reiterated 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. Finally, StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Insider Activity at Agilysys

In related news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $106.78, for a total value of $1,067,800.00. Following the completion of the transaction, the chief executive officer now owns 758,367 shares in the company, valued at approximately $80,978,428.26. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total transaction of $402,915.20. Following the completion of the transaction, the director now owns 34,407 shares of the company’s stock, valued at $4,226,555.88. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,523 shares of company stock worth $4,068,899. Corporate insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC lifted its stake in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Larson Financial Group LLC purchased a new position in Agilysys in the second quarter worth approximately $32,000. Advisors Asset Management Inc. lifted its stake in Agilysys by 117.4% in 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 last quarter. Finally, NBC Securities Inc. purchased a new position in Agilysys in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Agilysys stock opened at $133.89 on Thursday. Agilysys has a 12-month low of $73.52 and a 12-month high of $139.99. The stock has a market cap of $3.74 billion, a P/E ratio of 38.15 and a beta of 0.85. The company has a 50-day moving average price of $114.75 and a 200 day moving average price of $107.15. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same period last year, the business earned $0.25 earnings per share. Agilysys’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that Agilysys will post 0.81 earnings per share for the current year.

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.