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

Agilysys, Inc. (NASDAQ:AGYS) has received an average recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $138.00.

A number of research analysts have commented on the company. Northland Securities upped their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC decreased their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Craig Hallum decreased their target price on 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 Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the transaction, the director now owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris J. Robertson sold 729 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $97,693.29. Following the transaction, the insider now directly owns 21,895 shares of the company’s stock, valued at approximately $2,934,148.95. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,099 shares of company stock valued at $8,844,292 in the last 90 days. Corporate insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. increased its position in 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 in the last quarter. Harbor Investment Advisory LLC boosted its stake in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after purchasing an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Agilysys during the 4th quarter valued at $61,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Agilysys during the 4th quarter valued at $64,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 0.5 %

AGYS opened at $80.99 on Friday. The business has a 50 day simple moving average of $106.34 and a two-hundred day simple moving average of $112.65. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 101.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys has a one year low of $74.03 and a one year high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. Agilysys’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. Analysts predict 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.