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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $116.00.

AGYS has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Agilysys in a research report on Tuesday, May 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research report on Wednesday. Piper Sandler initiated coverage on Agilysys in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 target price on the stock. UBS Group set a $110.00 target price on Agilysys in a research report on Wednesday, June 3rd. Finally, Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd.

Institutional Trading of Agilysys

A number of large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Agilysys by 6.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock worth $153,000 after acquiring an additional 88 shares during the period. GAMMA Investing LLC increased its position in shares of Agilysys by 31.1% during the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after acquiring an additional 131 shares during the period. ProShare Advisors LLC increased its position in shares of Agilysys by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock worth $597,000 after acquiring an additional 153 shares during the period. State of Alaska Department of Revenue increased its position in shares of Agilysys by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 14,326 shares of the software maker’s stock worth $1,701,000 after acquiring an additional 156 shares during the period. Finally, Advisors Asset Management Inc. increased its position 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 worth $50,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Stock Down 0.2%

Shares of NASDAQ AGYS opened at $87.51 on Friday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 64.35 and a beta of 0.41. Agilysys has a 52-week low of $61.50 and a 52-week high of $145.25. The business’s 50 day moving average is $75.81 and its two-hundred day moving average is $88.58.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $82.95 million for the quarter, compared to analyst estimates of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. Analysts anticipate that Agilysys will post 1.77 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.