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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $138.6667.

A number of research firms recently commented on AGYS. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. UBS Group set a $155.00 price target on shares of Agilysys in a research report on Tuesday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $140.00 price objective on shares of Agilysys in a report on Tuesday, October 28th. Finally, Needham & Company LLC boosted their target price on shares of Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th.

Insider Activity

In related news, insider Sethuram Shivashankar sold 497 shares of Agilysys stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $124.64, for a total transaction of $61,946.08. Following the transaction, the insider directly owned 24,031 shares in the company, valued at approximately $2,995,223.84. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald A. Colvin sold 6,000 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $123.28, for a total value of $739,680.00. Following the completion of the sale, the director owned 24,592 shares of the company’s stock, valued at approximately $3,031,701.76. The trade was a 19.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 16,080 shares of company stock worth $1,936,237. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Agilysys by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker’s stock worth $250,063,000 after acquiring an additional 76,886 shares during the period. Nuveen LLC purchased a new stake in shares of Agilysys in the first quarter worth $80,730,000. Wasatch Advisors LP raised its position in shares of Agilysys by 5.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock valued at $115,204,000 after purchasing an additional 50,536 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Agilysys by 6.7% during the 2nd quarter. Geneva Capital Management LLC now owns 816,637 shares of the software maker’s stock valued at $93,619,000 after buying an additional 51,274 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after buying an additional 297,846 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Down 1.8%

AGYS opened at $123.42 on Monday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 143.51 and a beta of 0.66. The firm has a 50 day moving average price of $117.14 and a 200-day moving average price of $112.36. Agilysys has a twelve month low of $63.71 and a twelve month high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The business had revenue of $36.34 million during the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. As a group, analysts expect that Agilysys will post 0.8 earnings per share 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.