Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Recommendation of “Buy” by Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $138.00.

A number of equities analysts have commented on the company. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Northland Securities upped their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC decreased 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, Oppenheimer cut their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd.

Insider Transactions at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the transaction, the director now directly owns 233,076 shares in the company, valued at approximately $22,533,787.68. This trade represents a 3.12 % 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 link. Also, Director John Mutch sold 500 shares of Agilysys stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the sale, the director now directly owns 34,654 shares in the company, valued at $4,777,400.44. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,599 shares of company stock valued at $8,913,222. 19.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. increased its position in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. GAMMA Investing LLC increased 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 purchasing an additional 166 shares during the period. NBC Securities Inc. acquired a new stake in Agilysys in the third quarter valued at $46,000. Harbor Investment Advisory LLC raised its position in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Down 1.5 %

AGYS stock opened at $85.56 on Tuesday. Agilysys has a 52 week low of $74.03 and a 52 week high of $142.64. The company has a market capitalization of $2.39 billion, a PE ratio of 106.95 and a beta of 0.93. The company’s 50-day simple moving average is $121.72 and its 200 day simple moving average is $115.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Agilysys will post 0.8 earnings per share 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.