Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $145.40.

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Agilysys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, January 21st. BTIG Research initiated coverage on Agilysys in a research report on Tuesday, December 16th. They set a “neutral” rating for the company. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a research note on Tuesday, October 28th.

Insider Transactions at Agilysys

In other news, Director Melvin L. Keating purchased 300 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were purchased at an average cost of $83.62 per share, with a total value of $25,086.00. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald A. Colvin sold 6,000 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $123.28, for a total value of $739,680.00. Following the completion of the transaction, the director directly owned 24,592 shares in the company, valued at approximately $3,031,701.76. This represents a 19.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Agilysys

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors bought a new stake in Agilysys during the fourth quarter valued at approximately $104,878,000. William Blair Investment Management LLC bought a new position in Agilysys in the second quarter worth approximately $58,993,000. Wellington Management Group LLP boosted its stake in shares of Agilysys by 75.9% during the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after acquiring an additional 297,846 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after acquiring an additional 184,402 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Agilysys by 38.7% in the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after purchasing an additional 175,137 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 0.8%

Shares of Agilysys stock opened at $81.50 on Friday. Agilysys has a 12-month low of $63.71 and a 12-month high of $145.25. The company has a market cap of $2.29 billion, a P/E ratio of 76.17 and a beta of 0.41. The company’s fifty day simple moving average is $109.19 and its two-hundred day simple moving average is $112.56.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The firm 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 business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share. Analysts predict that Agilysys will post 0.8 EPS for the current fiscal year.

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.