Agilysys (NASDAQ:AGYS) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of Agilysys (NASDAQ:AGYSGet Rating) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Agilysys from a sell rating to a hold rating in a research note on Friday, March 4th. Maxim Group cut their target price on shares of Agilysys from $65.00 to $57.00 in a research note on Wednesday, January 26th. Finally, Craig Hallum cut their target price on shares of Agilysys from $60.00 to $45.00 in a research note on Wednesday, January 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Agilysys has an average rating of Buy and a consensus target price of $51.00.

Shares of NASDAQ AGYS opened at $37.74 on Tuesday. The stock has a fifty day moving average price of $40.16. The stock has a market capitalization of $932.71 million, a PE ratio of -40.58 and a beta of 1.37. Agilysys has a 1 year low of $33.63 and a 1 year high of $59.60.

Agilysys (NASDAQ:AGYSGet Rating) last announced its quarterly earnings data on Tuesday, January 25th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.06. The firm had revenue of $39.46 million during the quarter, compared to analysts’ expectations of $41.11 million. Agilysys had a negative net margin of 12.98% and a positive return on equity of 24.74%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. On average, analysts forecast that Agilysys will post 0.39 earnings per share for the current year.

In other news, Director John Mutch sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 31st. The shares were sold at an average price of $36.87, for a total value of $73,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert L. Jr. Jacks sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 28th. The stock was sold at an average price of $35.13, for a total transaction of $526,950.00. The disclosure for this sale can be found here. Insiders sold a total of 19,346 shares of company stock valued at $695,564 over the last three months. Corporate insiders own 22.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AGYS. Bares Capital Management Inc. bought a new stake in Agilysys during the 3rd quarter valued at about $14,525,000. BlackRock Inc. lifted its holdings in Agilysys by 4.7% during the 4th quarter. BlackRock Inc. now owns 3,107,241 shares of the software maker’s stock valued at $138,148,000 after buying an additional 139,276 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in Agilysys by 118.6% during the 3rd quarter. Thornburg Investment Management Inc. now owns 171,792 shares of the software maker’s stock valued at $8,995,000 after buying an additional 93,196 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Agilysys by 6.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,416,390 shares of the software maker’s stock valued at $74,162,000 after buying an additional 81,810 shares in the last quarter. Finally, CastleArk Alternatives LLC bought a new stake in Agilysys during the 3rd quarter valued at about $4,036,000. Hedge funds and other institutional investors own 99.02% of the company’s stock.

Agilysys Company Profile (Get Rating)

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, payment, inventory and procurement, reservations and venue management, activity management, document management, and analytics and marketing loyalty solutions to enhance guest experience.

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