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

Agilysys, Inc. (NASDAQ:AGYS) has earned an average rating of “Buy” from the four research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $103.33.

A number of brokerages recently commented on AGYS. Needham & Company LLC upped their price target on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer increased their target price on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. William Blair started coverage on Agilysys in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th.

Insider Buying and Selling

In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $99.15, for a total value of $887,194.20. Following the transaction, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Kyle C. Badger sold 8,948 shares of Agilysys stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total value of $887,194.20. Following the transaction, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at $16,552,398.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mak Capital One Llc sold 45,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $98.48, for a total value of $4,431,600.00. Following the sale, the director now owns 1,253,407 shares of the company’s stock, valued at $123,435,521.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 700,392 shares of company stock worth $67,319,669. Company insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of hedge funds have recently made changes to their positions in AGYS. Vanguard Group Inc. increased its position in Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Agilysys by 439.5% in the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after acquiring an additional 820,840 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after acquiring an additional 87,549 shares in the last quarter. Geneva Capital Management LLC grew its position in Agilysys by 10.6% during the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after acquiring an additional 65,672 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Agilysys by 159.4% during the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after acquiring an additional 369,780 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Trading Up 2.2 %

Shares of NASDAQ AGYS opened at $104.14 on Monday. The company has a market capitalization of $2.86 billion, a P/E ratio of 32.96 and a beta of 0.78. Agilysys has a 12 month low of $63.78 and a 12 month high of $105.00. The stock has a 50 day moving average of $92.24 and a 200-day moving average of $85.39.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The business had revenue of $62.22 million during the quarter, compared to the consensus estimate of $61.95 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts predict that Agilysys will post 0.69 EPS for the current fiscal year.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.