Agilysys (NASDAQ:AGYS) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Agilysys (NASDAQ:AGYS) announced its earnings results on Tuesday. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04, RTT News reports. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73,149.20 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year.

Agilysys Stock Performance

Shares of NASDAQ AGYS traded up $4.09 during trading hours on Tuesday, hitting $125.90. 671,548 shares of the stock were exchanged, compared to its average volume of 253,455. The company’s 50 day moving average is $131.80 and its 200 day moving average is $116.74. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys has a one year low of $74.03 and a one year high of $142.64. The firm has a market capitalization of $3.52 billion, a P/E ratio of 35.87 and a beta of 0.94.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Oppenheimer raised their target price on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Needham & Company LLC boosted their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BTIG Research increased their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $146.00.

Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the transaction, the director now directly owns 330,576 shares of the company’s stock, valued at approximately $43,156,696.80. This represents a 2.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William David Wood III sold 588 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the sale, the chief financial officer now owns 49,479 shares in the company, valued at $4,990,451.94. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,122 shares of company stock worth $7,099,841. Company insiders own 19.30% of the company’s stock.

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.