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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned a consensus recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $137.80.

A number of equities research analysts have recently issued reports on the stock. BTIG Research boosted their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Northland Securities reissued an “outperform” rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Oppenheimer increased their target price on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Needham & Company LLC lifted their price target on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Insider Transactions at Agilysys

In other Agilysys news, CFO William David Wood III sold 1,870 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value 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. The trade was a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kyle C. Badger sold 471 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $47,505.06. Following the sale, the senior vice president now directly owns 115,117 shares in the company, valued at approximately $11,610,700.62. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,122 shares of company stock valued at $1,231,391. Company insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Agilysys by 2.6% during the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after buying an additional 2,949 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after purchasing an additional 340,424 shares during the period. Franklin Resources Inc. grew its position in shares of Agilysys by 434.3% during the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock worth $11,477,000 after buying an additional 79,764 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Agilysys by 5.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,987 shares of the software maker’s stock valued at $2,396,000 after purchasing an additional 1,155 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Up 2.8 %

Shares of AGYS stock opened at $138.67 on Monday. Agilysys has a 1 year low of $73.52 and a 1 year high of $142.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The business’s fifty day moving average is $123.56 and its 200-day moving average is $111.33. The stock has a market cap of $3.88 billion, a PE ratio of 39.51 and a beta of 0.93.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same period last year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts expect that Agilysys will post 0.81 earnings per share for the current fiscal 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.