Agilysys (NASDAQ:AGYS) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Agilysys (NASDAQ:AGYSGet Free Report) released its quarterly earnings data on Tuesday. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04, RTT News reports. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73,149.20 billion. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS.

Agilysys Stock Performance

NASDAQ AGYS traded up $4.09 during trading hours on Tuesday, hitting $125.90. 669,762 shares of the stock were exchanged, compared to its average volume of 253,100. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 35.87 and a beta of 0.94. Agilysys has a 12-month low of $74.03 and a 12-month high of $142.64. The stock has a 50-day moving average of $131.80 and a 200 day moving average of $116.74.

Insider Transactions at Agilysys

In related news, CFO William David Wood III sold 588 shares of the 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 $59,305.68. Following the completion of the sale, the chief financial officer now owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the transaction, the insider now directly owns 22,624 shares in the company, valued at $2,281,856.64. This trade represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,122 shares of company stock valued at $7,099,841. Corporate insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the subject of a number of research reports. Oppenheimer boosted their price target 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. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Securities lifted their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC increased their price objective on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, BTIG Research lifted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.00.

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Agilysys Company Profile

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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.

See Also

Earnings History for Agilysys (NASDAQ:AGYS)

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