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

Agilysys, Inc. (NASDAQ:AGYS) has earned an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is $146.00.

Several research analysts have issued reports on the company. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Securities upped their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday. Oppenheimer boosted their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Needham & Company LLC upped their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Agilysys Stock Up 3.5 %

Shares of NASDAQ AGYS opened at $134.56 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Agilysys has a 12-month low of $73.52 and a 12-month high of $142.64. The firm’s 50-day moving average price is $129.56 and its 200-day moving average price is $115.29. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 38.34 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, equities research analysts anticipate that Agilysys will post 0.81 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, CFO William David Wood III sold 588 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the transaction, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at $4,990,451.94. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Melvin L. Keating sold 1,920 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.55, for a total transaction of $225,696.00. Following the transaction, the director now owns 39,587 shares in the company, valued at $4,653,451.85. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,122 shares of company stock valued at $3,188,066 in the last 90 days. Insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AGYS. Natixis Advisors LLC acquired a new position in Agilysys in the 2nd quarter worth approximately $1,111,000. Rhumbline Advisers increased its stake in shares of Agilysys by 4.8% in the second quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock worth $5,280,000 after acquiring an additional 2,341 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Agilysys by 24.5% during the second quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock worth $1,997,000 after purchasing an additional 3,777 shares during the last quarter. Arizona State Retirement System lifted its position in Agilysys by 8.9% during the second quarter. Arizona State Retirement System now owns 6,894 shares of the software maker’s stock valued at $718,000 after purchasing an additional 561 shares during the period. Finally, Texas Permanent School Fund Corp boosted its holdings in Agilysys by 22.6% in the second quarter. Texas Permanent School Fund Corp now owns 21,640 shares of the software maker’s stock valued at $2,254,000 after purchasing an additional 3,982 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.