Agilysys (AGYS) to Release Quarterly Earnings on Monday

Agilysys (NASDAQ:AGYS - Get Free Report) is set to announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $63.50 million for the quarter, compared to the consensus estimate of $64.52 million. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, analysts expect Agilysys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Agilysys Stock Down 5.2 %

Shares of AGYS traded down $6.50 during trading hours on Monday, hitting $117.44. The company had a trading volume of 244,509 shares, compared to its average volume of 213,203. The firm has a market cap of $3.22 billion, a P/E ratio of 37.16 and a beta of 0.83. The stock's 50 day moving average price is $109.05 and its 200 day moving average price is $100.61. Agilysys has a 52-week low of $63.78 and a 52-week high of $125.73.

Insider Buying and Selling at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares of the company's stock, valued at approximately $85,441,345.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Ramesh Srinivasan sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares of the company's stock, valued at $85,441,345.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mutch sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now directly owns 36,326 shares in the company, valued at approximately $4,129,902.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,000 shares of company stock valued at $3,734,810. 23.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AGYS shares. StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Northland Securities boosted their price target on Agilysys from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Craig Hallum boosted their price target on Agilysys from $105.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Oppenheimer boosted their price target on Agilysys from $100.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, July 19th. Finally, William Blair started coverage on Agilysys in a report on Monday, June 24th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Agilysys has an average rating of "Moderate Buy" and a consensus price target of $124.00.

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.