Agilysys (NASDAQ:AGYS) Upgraded at Zacks Research

Zacks Research upgraded shares of Agilysys (NASDAQ:AGYS) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other research firms also recently commented on AGYS. Cantor Fitzgerald began coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 target price on the stock. Oppenheimer boosted their price target on shares of Agilysys from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Agilysys Price Performance

Shares of Agilysys stock opened at $104.24 on Monday. The stock’s 50-day simple moving average is $110.21 and its 200-day simple moving average is $97.24. Agilysys has a 52 week low of $63.71 and a 52 week high of $142.64. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 208.48 and a beta of 0.64. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The business had revenue of $76.68 million during the quarter, compared to analysts’ expectations of $74.42 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Agilysys’s revenue was up 20.7% on a year-over-year basis. Agilysys has set its FY 2026 guidance at EPS. As a group, analysts expect that Agilysys will post 0.8 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Kyle C. Badger sold 326 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the sale, the senior vice president directly owned 114,791 shares in the company, valued at $13,016,151.49. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the completion of the sale, the insider owned 21,137 shares of the company’s stock, valued at approximately $2,396,724.43. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 905 shares of company stock valued at $102,618 in the last ninety days. Insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Institutional investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Agilysys in the 2nd quarter worth about $30,000. GAMMA Investing LLC lifted its stake in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after purchasing an additional 92 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker’s stock worth $44,000 after purchasing an additional 239 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Agilysys by 71.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock worth $71,000 after acquiring an additional 263 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after acquiring an additional 159 shares during the last quarter. 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.