Agilysys, Inc. (NASDAQ:AGYS) Receives Average Recommendation of “Moderate Buy” from Analysts

Agilysys, Inc. (NASDAQ:AGYS) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $141.40.

A number of research firms have recently issued reports on AGYS. Needham & Company LLC cut their price objective on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Wall Street Zen lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Oppenheimer increased their price target on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, UBS Group reissued a “buy” rating on shares of Agilysys in a research note on Monday, December 15th.

Agilysys Stock Down 3.5%

NASDAQ:AGYS opened at $73.31 on Wednesday. The company has a fifty day moving average of $93.45 and a 200-day moving average of $108.47. The firm has a market capitalization of $2.06 billion, a P/E ratio of 68.51 and a beta of 0.36. Agilysys has a twelve month low of $63.71 and a twelve month high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its 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 return on equity of 10.71% and a net margin of 9.79%.The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. On average, analysts anticipate that Agilysys will post 0.8 EPS for the current fiscal year.

Insider Activity

In other Agilysys news, Director Melvin L. Keating purchased 300 shares of Agilysys stock in a transaction that occurred on Tuesday, February 3rd. The stock was acquired at an average price of $83.62 per share, with a total value of $25,086.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of Agilysys by 6.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock worth $153,000 after acquiring an additional 88 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Agilysys by 5.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,853 shares of the software maker’s stock valued at $195,000 after purchasing an additional 90 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Agilysys by 14.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock valued at $90,000 after purchasing an additional 97 shares during the last quarter. Arizona State Retirement System increased its holdings in Agilysys by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 7,834 shares of the software maker’s stock worth $825,000 after purchasing an additional 98 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Agilysys by 8.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,521 shares of the software maker’s stock worth $174,000 after purchasing an additional 116 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.