Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) PT at $121.57

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $121.5714.

Several research firms have weighed in on AGYS. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Oppenheimer increased their target price on Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th.

Agilysys Price Performance

Agilysys stock opened at $112.06 on Friday. The business’s 50-day simple moving average is $107.64 and its 200 day simple moving average is $100.47. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 224.12 and a beta of 0.61. Agilysys has a 12-month low of $63.71 and a 12-month high of $142.64. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $36.34 million for the quarter. Agilysys had a return on equity of 11.13% and a net margin of 4.85%. As a group, research analysts anticipate that Agilysys will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently added to or reduced their stakes in AGYS. GAMMA Investing LLC lifted its stake in Agilysys by 3,281.0% in the first quarter. GAMMA Investing LLC now owns 15,451 shares of the software maker’s stock valued at $1,121,000 after buying an additional 14,994 shares during the period. Rhumbline Advisers raised its position in shares of Agilysys by 2.4% during the first quarter. Rhumbline Advisers now owns 52,223 shares of the software maker’s stock worth $3,788,000 after purchasing an additional 1,207 shares during the period. SG Americas Securities LLC raised its position in shares of Agilysys by 366.5% during the first quarter. SG Americas Securities LLC now owns 19,555 shares of the software maker’s stock worth $1,419,000 after purchasing an additional 15,363 shares during the period. Fifth Third Bancorp raised its position in shares of Agilysys by 22.9% during the first quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker’s stock worth $436,000 after purchasing an additional 1,118 shares during the period. Finally, Trust Point Inc. acquired a new stake in shares of Agilysys during the first quarter worth about $286,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.