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

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $127.50.

Several research firms recently weighed in on AGYS. Needham & Company LLC dropped their price target on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. Craig Hallum lowered their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Oppenheimer decreased their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd.

Insider Transactions at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the transaction, the director now owns 315,576 shares in the company, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mutch sold 750 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,250 shares of company stock worth $8,708,238. Corporate insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. lifted its holdings in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Agilysys during the 4th quarter valued at about $61,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Agilysys during the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Stock Up 0.5 %

Shares of Agilysys stock opened at $77.84 on Wednesday. The company’s fifty day simple moving average is $87.02 and its two-hundred day simple moving average is $108.75. Agilysys has a 12-month low of $71.37 and a 12-month high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.18 billion, a P/E ratio of 97.30 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. Agilysys’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. Research analysts anticipate that Agilysys will post 0.8 EPS for the current year.

Agilysys Company Profile

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.