Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Rating of "Buy" by Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) have received an average recommendation of "Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $138.00.

A number of equities research analysts have recently issued reports on the company. Oppenheimer dropped their price objective on Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 22nd. StockNews.com cut shares of Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Craig Hallum lowered their price objective on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Needham & Company LLC dropped their target price on shares of Agilysys from $145.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, Northland Securities lifted their price target on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 500 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the transaction, the director now directly owns 34,654 shares in the company, valued at approximately $4,777,400.44. The trade was a 1.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William David Wood III sold 1,870 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total transaction of $250,598.70. Following the transaction, the chief financial officer now owns 47,609 shares of the company's stock, valued at approximately $6,380,082.09. This represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,879 shares of company stock worth $9,316,137 over the last quarter. Company insiders own 19.30% of the company's stock.

Hedge Funds Weigh In On Agilysys

Several large investors have recently bought and sold shares of AGYS. Advisors Asset Management Inc. raised its position in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after acquiring an additional 193 shares during the period. GAMMA Investing LLC boosted its holdings in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock valued at $45,000 after acquiring an additional 166 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the period. Finally, NBC Securities Inc. acquired a new stake in Agilysys during the 3rd quarter valued at approximately $46,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Up 0.6 %

AGYS stock traded up $0.50 during midday trading on Tuesday, hitting $86.84. The company's stock had a trading volume of 293,496 shares, compared to its average volume of 419,048. The company's fifty day moving average price is $122.67 and its 200 day moving average price is $115.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys has a twelve month low of $74.03 and a twelve month high of $142.64. The stock has a market capitalization of $2.43 billion, a P/E ratio of 108.55 and a beta of 0.93.

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

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.