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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $141.40.

Several brokerages have commented on AGYS. BTIG Research began coverage on Agilysys in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Needham & Company LLC dropped their price target on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Wall Street Zen lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st.

Insider Buying and Selling

In other Agilysys news, Director Melvin L. Keating bought 300 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director directly owned 35,007 shares of the company’s stock, valued at $2,927,285.34. This represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders acquired 1,000 shares of company stock valued at $77,669. 8.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Agilysys

A number of hedge funds and other institutional investors have recently modified their holdings of AGYS. Caitong International Asset Management Co. Ltd raised its position in shares of Agilysys by 419.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after buying an additional 172 shares during the period. Global Retirement Partners LLC increased its stake in shares of Agilysys by 118.5% during the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock worth $27,000 after buying an additional 141 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Agilysys during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in Agilysys by 215.5% in the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock valued at $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Agilysys in the third quarter valued at approximately $43,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Performance

AGYS opened at $71.09 on Friday. The company has a fifty day moving average of $77.60 and a two-hundred day moving average of $103.68. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 66.44 and a beta of 0.43. Agilysys has a fifty-two week low of $63.71 and a fifty-two week high of $145.25.

Agilysys (NASDAQ:AGYS) last posted 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). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The firm had revenue of $80.39 million for the quarter, compared to analysts’ expectations of $79.07 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts forecast that Agilysys will post 0.8 earnings per share for the current year.

Agilysys Company Profile

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.