Agilysys, Inc. (NASDAQ:AGYS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $134.80.

Several analysts have recently weighed in on AGYS shares. Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Oppenheimer upped their price target on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Finally, BTIG Research upped their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th.

Insider Buying and Selling at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 264 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. The trade was a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $106.78, for a total transaction of $1,067,800.00. Following the completion of the transaction, the chief executive officer now directly owns 758,367 shares in the company, valued at $80,978,428.26. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,523 shares of company stock valued at $4,068,899. 19.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Agilysys

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the period. CWM LLC grew its stake in shares of Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the period. Larson Financial Group LLC acquired a new position in shares of Agilysys during the 2nd quarter worth $32,000. Advisors Asset Management Inc. grew its stake in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Agilysys during the 3rd quarter worth $46,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Down 2.8 %

Shares of NASDAQ:AGYS opened at $133.89 on Thursday. The company has a market capitalization of $3.74 billion, a PE ratio of 38.15 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Agilysys has a twelve month low of $73.52 and a twelve month high of $139.99. The firm has a 50 day simple moving average of $114.75 and a 200-day simple moving average of $107.15.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, equities analysts predict that Agilysys will post 0.81 EPS for the current fiscal year.

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.