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

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has been assigned an average rating of "Buy" from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is $120.00.

AGYS has been the topic of a number of research analyst reports. Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. Needham & Company LLC decreased their price objective on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Craig Hallum cut their target price on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Finally, Oppenheimer reduced their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th.

Agilysys Trading Up 2.5 %

Shares of NASDAQ:AGYS traded up $1.75 during mid-day trading on Friday, reaching $72.11. 15,663 shares of the company were exchanged, compared to its average volume of 259,864. Agilysys has a 1 year low of $63.71 and a 1 year high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The firm's 50-day simple moving average is $74.68 and its 200 day simple moving average is $103.22. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 90.05 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm had revenue of $69.60 million during the quarter, compared to analysts' expectations of $73.15 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business's quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that Agilysys will post 0.8 EPS for the current year.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the transaction, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 19.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after acquiring an additional 180 shares during the period. Harbor Investment Advisory LLC boosted its stake in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after purchasing an additional 193 shares during the period. Natixis Advisors LLC grew its position in Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock worth $1,398,000 after purchasing an additional 208 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Agilysys by 2.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock valued at $1,225,000 after purchasing an additional 246 shares during the period. Finally, Albert D Mason Inc. increased its stake in shares of Agilysys by 2.3% in the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock valued at $1,554,000 after purchasing an additional 267 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Company Profile

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.