Agilysys (NASDAQ:AGYS) Upgraded at Wall Street Zen

Agilysys (NASDAQ:AGYS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on the company. BTIG Research initiated coverage on Agilysys in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of Agilysys in a research report on Monday, December 15th. Oppenheimer raised their price target on shares of Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.17.

Agilysys Stock Down 2.5%

AGYS stock opened at $117.37 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 136.48 and a beta of 0.43. The company’s fifty day simple moving average is $123.04 and its 200 day simple moving average is $115.65. Agilysys has a 12-month low of $63.71 and a 12-month high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. The firm 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%. Research analysts expect that Agilysys will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO William David Wood III sold 6,000 shares of the stock in a transaction 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. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donald A. Colvin sold 6,000 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $123.28, for a total value of $739,680.00. Following the transaction, the director owned 24,592 shares in the company, valued at approximately $3,031,701.76. This trade represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,576 shares of company stock valued at $1,882,370. 8.60% of the stock is currently owned by company insiders.

Institutional Trading of Agilysys

Several institutional investors and hedge funds have recently made changes to their positions in AGYS. SG Americas Securities LLC lifted its position in shares of Agilysys by 671.2% during the fourth quarter. SG Americas Securities LLC now owns 19,009 shares of the software maker’s stock valued at $2,259,000 after purchasing an additional 16,544 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Agilysys in the 4th quarter valued at about $812,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Agilysys by 33.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 639 shares of the software maker’s stock worth $81,000 after buying an additional 161 shares in the last quarter. Park National Corp OH purchased a new position in shares of Agilysys in the 4th quarter worth approximately $205,000. Finally, GAMMA Investing LLC grew its holdings in shares of Agilysys by 31.1% in the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.