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

Agilysys, Inc. (NASDAQ:AGYS) has earned a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $120.00.

Several equities analysts have recently weighed in on AGYS shares. Northland Securities lifted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Oppenheimer cut their price target on Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Craig Hallum dropped their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Needham & Company LLC decreased their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th.

Insiders Place Their Bets

In related news, Director John Mutch sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now directly owns 32,654 shares in the company, valued at approximately $2,542,766.98. This trade represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $125.49, for a total transaction of $941,175.00. Following the transaction, the director now directly owns 248,076 shares in the company, valued at $31,131,057.24. This trade represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,750 shares of company stock valued at $1,878,513 in the last 90 days. 19.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC lifted its stake in shares of 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 purchasing an additional 193 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after acquiring an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Agilysys during the 4th quarter worth approximately $61,000. Mpwm Advisory Solutions LLC acquired a new stake in Agilysys in the 4th quarter valued at approximately $64,000. Finally, Assetmark Inc. purchased a new stake in Agilysys in the fourth quarter valued at approximately $115,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $69.45 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Agilysys has a twelve month low of $63.71 and a twelve month high of $142.64. The company’s 50 day moving average is $75.64 and its 200 day moving average is $103.97. The company has a market cap of $1.94 billion, a PE ratio of 86.81 and a beta of 0.64.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, sell-side analysts forecast that Agilysys will post 0.8 EPS for the current 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.