Agilysys, Inc. (NASDAQ:AGYS) Receives Consensus Rating of "Buy" from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) have been given an average rating of "Buy" by the six brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $138.00.

AGYS has been the topic of a number of recent analyst reports. Needham & Company LLC reduced their price target on shares of Agilysys from $145.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Northland Securities boosted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Oppenheimer reduced their price target on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 22nd. Finally, Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd.

Agilysys Price Performance

Shares of Agilysys stock traded up $1.56 during trading on Friday, hitting $80.10. 304,879 shares of the company's stock traded hands, compared to its average volume of 421,129. 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 fifty day moving average price is $104.01 and its 200 day moving average price is $112.29. Agilysys has a twelve month low of $74.03 and a twelve month high of $142.64. The company has a market cap of $2.24 billion, a PE ratio of 100.13 and a beta of 0.93.

Remove Ads

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

Insiders Place Their Bets

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the sale, the director now directly owns 233,076 shares of the company's stock, valued at $22,533,787.68. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 67,500 shares of company stock valued at $8,496,000. Insiders own 19.30% of the company's stock.

Institutional Investors Weigh In On Agilysys

A number of institutional investors and hedge funds have recently modified their holdings of AGYS. International Assets Investment Management LLC bought a new stake in shares of Agilysys during the third quarter worth approximately $8,312,000. Louisiana State Employees Retirement System raised its stake in shares of Agilysys by 5.9% during the third quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the software maker's stock worth $1,177,000 after buying an additional 600 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Agilysys by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 12,718 shares of the software maker's stock worth $1,385,000 after buying an additional 862 shares during the last quarter. US Bancorp DE raised its stake in shares of Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock worth $133,000 after buying an additional 122 shares during the last quarter. Finally, Oak Ridge Investments LLC bought a new stake in shares of Agilysys during the third quarter worth approximately $3,112,000. 88.00% of the stock is owned by institutional investors.

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.