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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $141.1667.

Several equities research analysts have issued reports on AGYS shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 target price on shares of Agilysys in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Oppenheimer upped their target price on shares of Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Agilysys in a research note on Monday, December 15th.

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total value of $65,670.00. Following the completion of the sale, the insider owned 687 shares in the company, valued at $90,230.58. The trade was a 42.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William David Wood III sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $115.55, for a total value of $693,300.00. Following the completion of the sale, the chief financial officer directly owned 41,288 shares of the company’s stock, valued at approximately $4,770,828.40. This represents a 12.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,576 shares of company stock worth $1,882,370 in the last quarter. 8.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its stake in Agilysys by 118.5% in the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock worth $27,000 after purchasing an additional 141 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Agilysys in the second quarter worth about $30,000. GAMMA Investing LLC lifted its stake in shares of Agilysys by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after acquiring an additional 92 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Agilysys by 215.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock worth $39,000 after purchasing an additional 250 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in Agilysys in the third quarter valued at approximately $43,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Down 1.2%

NASDAQ:AGYS opened at $120.00 on Friday. The business’s 50-day moving average price is $123.41 and its two-hundred day moving average price is $115.02. Agilysys has a twelve month low of $63.71 and a twelve month high of $145.25. The stock has a market cap of $3.36 billion, a P/E ratio of 139.54 and a beta of 0.42.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The company had revenue of $36.34 million during the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%. On average, equities research analysts expect that Agilysys will post 0.8 EPS for the current fiscal year.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.