Agilysys (NASDAQ:AGYS) Announces Earnings Results, Misses Estimates By $0.04 EPS

Agilysys (NASDAQ:AGYS) announced its earnings results on Monday. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04), FiscalAI reports. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The firm had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million.

Agilysys Stock Performance

Shares of NASDAQ:AGYS traded up $5.92 on Monday, hitting $113.55. The stock had a trading volume of 703,460 shares, compared to its average volume of 212,580. The firm’s 50 day moving average price is $120.07 and its 200-day moving average price is $115.44. Agilysys has a twelve month low of $63.71 and a twelve month high of $145.25. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 132.04 and a beta of 0.43.

Insider Activity

In other Agilysys news, Director Donald A. Colvin sold 6,000 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $123.28, for a total value of $739,680.00. Following the transaction, the director directly owned 24,592 shares in the company, valued at $3,031,701.76. The trade was a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kyle C. Badger sold 502 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $62,569.28. Following the sale, the senior vice president directly owned 114,911 shares of the company’s stock, valued at $14,322,507.04. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,576 shares of company stock worth $1,189,070 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AGYS. CIBC Bancorp USA Inc. bought a new stake in shares of Agilysys during the third quarter worth $290,000. NewEdge Advisors LLC raised its holdings in Agilysys by 37.3% during the 3rd quarter. NewEdge Advisors LLC now owns 3,777 shares of the software maker’s stock worth $398,000 after purchasing an additional 1,027 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Agilysys by 169.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 60,945 shares of the software maker’s stock valued at $6,321,000 after purchasing an additional 38,288 shares during the period. Woodline Partners LP boosted its stake in shares of Agilysys by 8.7% in the 3rd quarter. Woodline Partners LP now owns 3,335 shares of the software maker’s stock valued at $351,000 after purchasing an additional 267 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Agilysys during the third quarter worth approximately $394,000. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AGYS shares. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price target on shares of Agilysys in a report on Monday, December 15th. Oppenheimer raised their price objective on shares of Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.40.

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.