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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $133.00.

A number of equities research analysts recently issued reports on the company. Oppenheimer reduced their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC dropped their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Craig Hallum lowered their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the transaction, the director now directly owns 315,576 shares in the company, valued at approximately $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 67,500 shares of company stock worth $8,496,000 in the last three months. 19.30% of the stock is owned by corporate insiders.

Institutional Trading of Agilysys

Institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its position in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its stake in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after acquiring an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Agilysys in the fourth quarter worth $61,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Agilysys in the fourth quarter valued at $64,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

AGYS opened at $81.61 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The business has a fifty day simple moving average of $102.86 and a 200 day simple moving average of $112.08. Agilysys has a 1 year low of $74.03 and a 1 year high of $142.64. The company has a market capitalization of $2.28 billion, a PE ratio of 102.01 and a beta of 0.93.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. Agilysys’s quarterly revenue was up 14.9% on a year-over-year basis. Research analysts expect that Agilysys will post 0.8 EPS for the current year.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.