Agilysys (AGYS) Scheduled to Post Earnings on Monday

Agilysys (NASDAQ:AGYS) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Agilysys Price Performance

NASDAQ:AGYS opened at $110.19 on Friday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 30.44 and a beta of 0.83. The business has a fifty day moving average price of $109.12 and a 200-day moving average price of $101.23. Agilysys has a one year low of $73.52 and a one year high of $125.73.

Insider Activity at Agilysys

In related news, Director John Mutch sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now directly owns 36,326 shares in the company, valued at approximately $4,129,902.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the transaction, the director now directly owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $3,734,810. Corporate insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Northland Securities raised their price objective on Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Craig Hallum lifted their price target on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Agilysys in a research note on Monday, September 16th. Finally, BTIG Research raised their price target on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $124.00.

About Agilysys

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.