Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Recommendation of “Buy” by Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $120.00.

A number of equities analysts recently commented on the company. Needham & Company LLC reduced their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. UBS Group set a $100.00 target price on Agilysys in a research note on Wednesday, March 5th. Craig Hallum dropped their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Oppenheimer lowered their target price on Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th.

Agilysys Stock Down 3.5%

Shares of AGYS stock opened at $83.02 on Thursday. The stock’s 50-day simple moving average is $74.28 and its 200-day simple moving average is $98.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market capitalization of $2.32 billion, a PE ratio of 103.78 and a beta of 0.58. Agilysys has a fifty-two week low of $63.71 and a fifty-two week high of $142.64.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. During the same period last year, the company earned $0.32 earnings per share. Agilysys’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities analysts expect that Agilysys will post 0.8 earnings per share for the current year.

Insider Activity at Agilysys

In other news, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now owns 32,654 shares in the company, valued at approximately $2,542,766.98. This trade represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Agilysys by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock valued at $102,000 after purchasing an additional 141 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after purchasing an additional 159 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Agilysys by 18.9% during the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after purchasing an additional 180 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in Agilysys by 109.0% in 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 in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock valued at $1,398,000 after acquiring an additional 208 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

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.