Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $22.00 for the company and are anticipating that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also given Agilysys an industry rank of 166 out of 257 based on the ratings given to its competitors.
A number of equities analysts have recently commented on the company. ValuEngine lowered Agilysys from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Maxim Group set a $22.00 price objective on Agilysys and gave the stock a “buy” rating in a research report on Friday, October 26th.
In related news, SVP Kyle C. Badger sold 3,693 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $15.73, for a total value of $58,090.89. Following the sale, the senior vice president now owns 94,771 shares in the company, valued at $1,490,747.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith M. Kolerus sold 5,934 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $15.67, for a total value of $92,985.78. Following the completion of the sale, the director now owns 152,819 shares in the company, valued at approximately $2,394,673.73. The disclosure for this sale can be found here. Insiders sold 23,944 shares of company stock worth $375,710 in the last quarter. 26.80% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of AGYS. O Shaughnessy Asset Management LLC purchased a new stake in Agilysys during the third quarter valued at about $100,000. SG Americas Securities LLC purchased a new stake in Agilysys during the second quarter valued at about $122,000. Texas Permanent School Fund purchased a new stake in Agilysys during the third quarter valued at about $181,000. Alambic Investment Management L.P. purchased a new stake in Agilysys during the second quarter valued at about $190,000. Finally, Albert D Mason Inc. purchased a new stake in Agilysys during the third quarter valued at about $217,000. Institutional investors own 86.52% of the company’s stock.
Shares of Agilysys stock traded down $0.16 during trading hours on Friday, reaching $15.59. The company had a trading volume of 46,147 shares, compared to its average volume of 65,152. Agilysys has a one year low of $10.77 and a one year high of $17.52. The firm has a market capitalization of $373.39 million, a P/E ratio of -42.14 and a beta of 0.26.
Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. Agilysys had a negative return on equity of 7.08% and a negative net margin of 5.83%. The firm had revenue of $34.20 million during the quarter, compared to analyst estimates of $33.51 million. On average, research analysts forecast that Agilysys will post -0.26 earnings per share for the current year.
Agilysys Company Profile
Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. The company offers point-of-sale, property management, reservation and table management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions to streamline operations, and enhance efficiency and guest experience.
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