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

Agilysys, Inc. (NASDAQ:AGYS) has received a consensus rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $122.00.

Several research analysts have recently commented on AGYS shares. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. BTIG Research lifted their target price on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Oppenheimer upped their target price on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Craig Hallum raised their price target on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research note on Tuesday, July 23rd.

Insider Transactions at Agilysys

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the sale, the chief executive officer now owns 778,367 shares of the company’s stock, valued at $85,441,345.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,578 shares of company stock worth $14,107,417. Company insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the last quarter. Axiom Investors LLC DE lifted its stake in Agilysys by 421.7% during the fourth quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock valued at $4,923,000 after purchasing an additional 46,915 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in Agilysys by 13.8% during the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after buying an additional 87,549 shares in the last quarter. Geneva Capital Management LLC grew its position in Agilysys by 10.6% in the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after buying an additional 65,672 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Agilysys by 91.6% in the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock valued at $2,797,000 after buying an additional 15,870 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Up 1.1 %

NASDAQ:AGYS opened at $102.17 on Friday. The company has a market cap of $2.85 billion, a PE ratio of 32.33 and a beta of 0.83. The business’s 50 day moving average is $107.58 and its two-hundred day moving average is $94.65. Agilysys has a 52 week low of $63.78 and a 52 week high of $114.70.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The firm had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $64.52 million. During the same period last year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Agilysys will post 0.62 EPS for the current fiscal year.

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.