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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $134.80.

Several research firms have recently issued reports on AGYS. Oppenheimer raised their price objective on Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Northland Securities reissued an “outperform” rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC boosted 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.

Insider Transactions at Agilysys

In other news, CFO William David Wood III sold 588 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $122.84, for a total value of $402,915.20. Following the completion of the sale, the director now owns 34,407 shares of the company’s stock, valued at $4,226,555.88. The trade was a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,023 shares of company stock valued at $4,548,979. 19.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Agilysys

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after buying an additional 217,008 shares during the period. SG Americas Securities LLC purchased a new position in Agilysys in the second quarter valued at about $1,847,000. UniSuper Management Pty Ltd bought a new position in Agilysys in the first quarter worth about $388,000. Eagle Asset Management Inc. boosted its holdings in shares of Agilysys by 59.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after buying an additional 53,026 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Agilysys by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock worth $33,970,000 after acquiring an additional 20,703 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 0.2 %

Shares of AGYS opened at $137.80 on Thursday. The stock has a market capitalization of $3.85 billion, a PE ratio of 39.26 and a beta of 0.85. The company’s fifty day moving average is $113.41 and its 200 day moving average is $106.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $139.99.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same period in the previous year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Sell-side analysts expect that Agilysys will post 0.81 earnings per share for the current fiscal year.

About Agilysys

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.