Agilysys (NASDAQ:AGYS) Stock Rating Upgraded by Zacks Research

Zacks Research upgraded shares of Agilysys (NASDAQ:AGYS) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Cantor Fitzgerald initiated coverage on Agilysys in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 price objective for the company. Oppenheimer boosted their price target on shares of Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.57.

Agilysys Trading Down 1.6%

Shares of NASDAQ AGYS opened at $104.24 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $110.21 and a two-hundred day simple moving average of $97.24. The firm has a market cap of $2.92 billion, a PE ratio of 208.48 and a beta of 0.64. Agilysys has a twelve month low of $63.71 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $76.68 million for the quarter, compared to the consensus estimate of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. Analysts expect that Agilysys will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 258 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $29,254.62. Following the transaction, the insider directly owned 21,137 shares of the company’s stock, valued at approximately $2,396,724.43. This represents a 1.21% 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, CFO William David Wood III sold 321 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,398.19. Following the transaction, the chief financial officer directly owned 47,288 shares in the company, valued at approximately $5,361,986.32. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 905 shares of company stock worth $102,618 in the last 90 days. 8.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new position in shares of Agilysys during the second quarter valued at about $30,000. GAMMA Investing LLC increased its holdings in shares of Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after acquiring an additional 92 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Agilysys by 64.6% during 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 during the last quarter. Advisors Asset Management Inc. grew its position in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after purchasing an additional 159 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Agilysys by 71.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock worth $71,000 after purchasing an additional 263 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

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.