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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $141.1667.

A number of brokerages recently weighed in on AGYS. BTIG Research started coverage on Agilysys in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. Oppenheimer lifted 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 downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price objective on shares of Agilysys in a research note on Monday, December 15th. Finally, UBS Group reissued a “buy” rating on shares of Agilysys in a research note on Monday, December 15th.

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $131.34, for a total transaction of $65,670.00. Following the completion of the transaction, the insider directly owned 687 shares of the company’s stock, valued at approximately $90,230.58. This represents a 42.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William David Wood III sold 6,000 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $115.55, for a total transaction of $693,300.00. Following the sale, the chief financial officer owned 41,288 shares of the company’s stock, valued at approximately $4,770,828.40. This represents a 12.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,576 shares of company stock valued at $1,882,370 over the last quarter. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its holdings in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after acquiring an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Agilysys by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after purchasing an additional 569 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 184,402 shares during the period. Jane Street Group LLC boosted its stake in shares of Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after purchasing an additional 34,395 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Agilysys during the first quarter valued at about $225,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Performance

Agilysys stock opened at $113.77 on Tuesday. Agilysys has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The firm’s fifty day moving average price is $121.67 and its 200-day moving average price is $115.65. The stock has a market cap of $3.19 billion, a P/E ratio of 132.29 and a beta of 0.43.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, October 27th. The software maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The business had revenue of $79.30 million for the quarter, compared to analysts’ expectations of $76.87 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. On average, analysts predict that Agilysys will post 0.8 earnings per share for the current 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.