Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Recommendation of “Hold” by Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $128.75.

Several equities analysts have recently weighed in on AGYS shares. Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Agilysys in a report on Tuesday, May 19th. Oppenheimer raised their price target on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Wall Street Zen lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings cut Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th.

Hedge Funds Weigh In On Agilysys

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Agilysys by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after acquiring an additional 32,052 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Agilysys by 5.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock valued at $115,204,000 after acquiring an additional 50,536 shares during the period. State Street Corp increased its stake in shares of Agilysys by 0.5% during the 4th quarter. State Street Corp now owns 1,003,062 shares of the software maker’s stock worth $119,204,000 after purchasing an additional 4,516 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of Agilysys during the 4th quarter worth about $104,878,000. Finally, Wellington Management Group LLP raised its holdings in shares of Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock valued at $72,675,000 after purchasing an additional 297,846 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Performance

Shares of AGYS opened at $79.84 on Monday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 58.71 and a beta of 0.30. Agilysys has a 12 month low of $61.50 and a 12 month high of $145.25. The firm has a fifty day simple moving average of $69.33 and a 200 day simple moving average of $93.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The firm had revenue of $82.95 million for the quarter, compared to analyst estimates of $81.56 million. During the same period in the previous year, the business earned $0.54 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that Agilysys will post 1.61 earnings per share 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.