Agilysys, Inc. (NASDAQ:AGYS) Receives Consensus Rating of “Buy” from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given a consensus rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $124.00.

Several equities analysts have recently weighed in on AGYS shares. Oppenheimer raised their price target on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. BTIG Research raised their target price on shares of Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Northland Securities upped their price target on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a report on Monday, September 16th.

Insider Activity

In related news, Director John Mutch sold 1,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction 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 $4,129,902.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John Mutch sold 1,000 shares of the stock in a transaction dated 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 owns 36,326 shares in the company, valued at approximately $4,129,902.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares in the company, valued at $85,441,345.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,000 shares of company stock valued at $3,734,810. Company insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new position in shares of Agilysys in the 4th quarter worth about $603,000. Quadrature Capital Ltd purchased a new stake in shares of Agilysys during the fourth quarter valued at approximately $3,522,000. Nebula Research & Development LLC lifted its position in shares of Agilysys by 164.0% during the fourth quarter. Nebula Research & Development LLC now owns 17,212 shares of the software maker’s stock worth $1,460,000 after purchasing an additional 10,692 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Agilysys by 439.5% in the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after purchasing an additional 820,840 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new stake in Agilysys during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Trading Down 2.3 %

AGYS stock opened at $106.51 on Wednesday. Agilysys has a 12-month low of $63.78 and a 12-month high of $114.70. The business’s 50-day moving average is $107.36 and its 200 day moving average is $97.15. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 33.71 and a beta of 0.83.

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