Agilysys, Inc. (NASDAQ:AGYS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given an average rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $145.40.

Several analysts have recently commented on AGYS shares. Zacks Research downgraded shares of Agilysys from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Wall Street Zen lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. BTIG Research started coverage on Agilysys in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. Finally, UBS Group reiterated a “buy” rating on shares of Agilysys in a research report on Monday, December 15th.

Insider Buying and Selling

In other news, Director Donald A. Colvin sold 6,000 shares of Agilysys stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $123.28, for a total transaction of $739,680.00. Following the sale, the director owned 24,592 shares in the company, valued at $3,031,701.76. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Melvin L. Keating bought 300 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were bought at an average price of $83.62 per share, with a total value of $25,086.00. Following the transaction, the director owned 35,007 shares of the company’s stock, valued at $2,927,285.34. The trade was a 0.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Agilysys by 14.6% during the 3rd quarter. Principal Financial Group Inc. now owns 461,482 shares of the software maker’s stock worth $48,571,000 after acquiring an additional 58,691 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Agilysys by 38.7% in the second quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock valued at $71,955,000 after purchasing an additional 175,137 shares in the last quarter. Geode Capital Management LLC increased its position in Agilysys by 8.0% in the second quarter. Geode Capital Management LLC now owns 607,664 shares of the software maker’s stock worth $69,670,000 after purchasing an additional 45,037 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Agilysys by 9.3% during the second quarter. Artisan Partners Limited Partnership now owns 629,891 shares of the software maker’s stock valued at $72,211,000 after purchasing an additional 53,360 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Agilysys by 23.9% during the second quarter. Franklin Resources Inc. now owns 379,587 shares of the software maker’s stock valued at $43,516,000 after purchasing an additional 73,220 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Stock Up 0.8%

NASDAQ AGYS opened at $81.50 on Friday. Agilysys has a 52 week low of $63.71 and a 52 week high of $145.25. The company has a market capitalization of $2.29 billion, a P/E ratio of 76.17 and a beta of 0.41. The stock’s 50-day moving average price is $109.19 and its 200-day moving average price is $112.56.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The company had revenue of $80.39 million for the quarter, compared to the consensus estimate of $79.07 million. During the same quarter last year, the firm posted $0.38 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. Research analysts anticipate that Agilysys will post 0.8 EPS for the current year.

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.