Northland Securities assumed coverage on shares of Agilysys (NASDAQ:AGYS) in a research note issued to investors on Friday, TipRanks reports. The brokerage set a “buy” rating and a $22.00 price target on the software maker’s stock. Northland Securities’ price target would suggest a potential upside of 9.51% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a report on Thursday, May 14th. Craig Hallum lowered their target price on shares of Agilysys from $40.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Sidoti lowered their target price on shares of Agilysys from $35.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, National Securities downgraded shares of Agilysys from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.67.
Shares of NASDAQ:AGYS opened at $20.09 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 0.10. Agilysys has a 1-year low of $12.61 and a 1-year high of $37.17. The firm’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $24.38.
Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.17. Agilysys had a negative net margin of 21.19% and a negative return on equity of 34.62%. The business had revenue of $39.66 million for the quarter, compared to the consensus estimate of $40.28 million. On average, sell-side analysts anticipate that Agilysys will post -0.45 EPS for the current fiscal year.
In other Agilysys news, CEO Ramesh Srinivasan purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of $17.36 per share, with a total value of $173,600.00. Following the completion of the purchase, the chief executive officer now directly owns 175,348 shares in the company, valued at $3,044,041.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dana Sue Jones purchased 2,810 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average cost of $14.29 per share, for a total transaction of $40,154.90. Following the purchase, the director now owns 31,088 shares of the company’s stock, valued at $444,247.52. The disclosure for this purchase can be found here. 16.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in AGYS. Nine Ten Capital Management LLC raised its stake in Agilysys by 570.3% during the first quarter. Nine Ten Capital Management LLC now owns 591,108 shares of the software maker’s stock valued at $9,872,000 after purchasing an additional 502,917 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Agilysys by 2,117.4% during the first quarter. Thrivent Financial for Lutherans now owns 359,238 shares of the software maker’s stock valued at $6,000,000 after purchasing an additional 343,037 shares in the last quarter. Invesco Ltd. increased its position in Agilysys by 196.0% during the first quarter. Invesco Ltd. now owns 457,405 shares of the software maker’s stock valued at $7,638,000 after acquiring an additional 302,893 shares during the last quarter. Castleark Management LLC bought a new position in Agilysys during the first quarter valued at $2,703,000. Finally, Acadian Asset Management LLC increased its position in Agilysys by 31.5% during the fourth quarter. Acadian Asset Management LLC now owns 608,110 shares of the software maker’s stock valued at $15,454,000 after acquiring an additional 145,560 shares during the last quarter. 89.95% of the stock is currently owned by institutional investors.
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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