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 report released on Thursday,Zacks.com reports.

A number of other research analysts have also recently commented on AGYS. Oppenheimer increased their price target on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, January 21st. BTIG Research began coverage on Agilysys in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, UBS Group reiterated a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.40.

Agilysys Trading Down 1.6%

Shares of NASDAQ AGYS opened at $72.17 on Thursday. The stock has a 50-day moving average price of $99.63 and a two-hundred day moving average price of $109.96. Agilysys has a 12 month low of $63.71 and a 12 month high of $145.25. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 67.45 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $80.39 million for the quarter, compared to the consensus estimate of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, sell-side analysts predict that Agilysys will post 0.8 earnings per share for the current year.

Insider Activity

In other news, Director Melvin L. Keating acquired 300 shares of Agilysys stock in a transaction dated Tuesday, February 3rd. The shares were bought at an average cost of $83.62 per share, with a total value of $25,086.00. Following the purchase, the director owned 35,007 shares in the company, valued at $2,927,285.34. This trade represents a 0.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Agilysys

A number of large investors have recently bought and sold shares of the business. MidFirst Bank bought a new stake in shares of Agilysys during the fourth quarter valued at approximately $402,000. NewEdge Advisors LLC grew its position in Agilysys by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker’s stock valued at $469,000 after purchasing an additional 170 shares during the period. XTX Topco Ltd bought a new stake in Agilysys during the 4th quarter valued at $455,000. Twinbeech Capital LP acquired a new position in Agilysys during the fourth quarter worth $2,127,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Agilysys by 452.8% in the fourth quarter. Janus Henderson Group PLC now owns 65,836 shares of the software maker’s stock valued at $7,825,000 after buying an additional 53,926 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.