Agilysys (NASDAQ:AGYS) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Agilysys (NASDAQ:AGYS) in a research report released on Tuesday, MarketBeat reports. The firm issued an overweight rating and a $125.00 target price on the software maker’s stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Oppenheimer dropped their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC reissued a “buy” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Northland Securities set a $152.00 price objective on shares of Agilysys in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $116.57.

Agilysys Price Performance

Shares of AGYS opened at $111.37 on Tuesday. Agilysys has a 1-year low of $63.71 and a 1-year high of $142.64. The stock has a market cap of $3.12 billion, a PE ratio of 139.21 and a beta of 0.58. The firm has a 50-day simple moving average of $80.70 and a two-hundred day simple moving average of $98.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.28. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $74.27 million during the quarter, compared to analysts’ expectations of $71.43 million. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts forecast that Agilysys will post 0.8 EPS for the current year.

Insider Activity

In related news, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Agilysys by 381.8% in the fourth 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. Atria Investments Inc purchased a new position in Agilysys in the fourth quarter worth approximately $315,000. Shaker Investments LLC OH purchased a new position in Agilysys in the fourth quarter worth approximately $1,084,000. Blue Trust Inc. lifted its stake in Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after acquiring an additional 180 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Agilysys by 81.6% in the fourth quarter. Nuveen Asset Management LLC now owns 107,306 shares of the software maker’s stock worth $14,133,000 after acquiring an additional 48,213 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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.