Agilysys (NASDAQ:AGYS) Issues Earnings Results

Agilysys (NASDAQ:AGYS - Get Free Report) issued its quarterly earnings data on Monday. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04, Briefing.com reports. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS.

Agilysys Stock Down 4.2 %

NASDAQ AGYS traded down $4.26 on Wednesday, reaching $98.25. The company had a trading volume of 285,326 shares, compared to its average volume of 214,303. The stock has a market capitalization of $2.74 billion, a P/E ratio of 28.32 and a beta of 0.83. The company's fifty day moving average is $109.04 and its 200 day moving average is $101.70. Agilysys has a 52-week low of $73.52 and a 52-week high of $125.73.

Insiders Place Their Bets

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now owns 22,888 shares of the company's stock, valued at $2,490,901.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now directly owns 22,888 shares in the company, valued at $2,490,901.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now owns 738,367 shares of the company's stock, valued at approximately $75,335,585.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock valued at $3,734,810 in the last three months. 19.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AGYS. Northland Securities reiterated an "outperform" rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research report on Tuesday. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Agilysys in a research note on Tuesday. Oppenheimer upped their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, July 19th. StockNews.com raised Agilysys from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, BTIG Research upped their target price on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $127.80.

About Agilysys

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.