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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is $116.57.

AGYS has been the subject of several analyst reports. Oppenheimer cut their price objective on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Cantor Fitzgerald began coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They set an “overweight” rating and a $125.00 price objective for the company. Northland Securities set a $152.00 target price on Agilysys in a research note on Tuesday, May 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th.

Insider Transactions at Agilysys

In other news, SVP Kyle C. Badger sold 326 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the transaction, the senior vice president owned 114,791 shares of the company’s stock, valued at approximately $13,016,151.49. This represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William David Wood III sold 321 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,398.19. Following the completion of the transaction, the chief financial officer owned 47,288 shares of the company’s stock, valued at approximately $5,361,986.32. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,405 shares of company stock valued at $158,033. Insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

A number of hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Agilysys by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock worth $102,000 after acquiring an additional 141 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Agilysys by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock valued at $1,398,000 after purchasing an additional 208 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Agilysys by 64.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker’s stock worth $44,000 after purchasing an additional 239 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of Agilysys by 8.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker’s stock worth $240,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

NASDAQ AGYS opened at $115.21 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $99.19 and a 200 day simple moving average of $95.26. The company has a market cap of $3.23 billion, a P/E ratio of 138.81 and a beta of 0.75. Agilysys has a 12-month low of $63.71 and a 12-month high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.28. The company had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Sell-side analysts predict that Agilysys will post 0.8 earnings per share for the current fiscal 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.