Agilysys, Inc. (NASDAQ:AGYS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $116.00.

A number of research firms have commented on AGYS. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. UBS Group set a $110.00 price target on Agilysys in a research report on Wednesday, June 3rd. Oppenheimer increased their price target on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Agilysys in a research report on Tuesday, May 19th.

Agilysys Stock Up 0.7%

Shares of NASDAQ AGYS opened at $109.75 on Tuesday. The firm has a 50-day simple moving average of $88.33 and a 200-day simple moving average of $86.07. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 80.70 and a beta of 0.37. Agilysys has a 52 week low of $61.50 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $82.95 million for the quarter, compared to analyst estimates of $81.56 million. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. Agilysys’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, equities research analysts expect that Agilysys will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Agilysys

A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of Agilysys by 700.0% during the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Agilysys during the 4th quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Agilysys during the 3rd quarter valued at approximately $43,000. Finally, Versant Capital Management Inc lifted its holdings in Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after acquiring an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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.