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

Agilysys, Inc. (NASDAQ:AGYS) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $121.5714.

A number of research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently added to or reduced their stakes in AGYS. Elevation Point Wealth Partners LLC acquired a new stake in Agilysys in the second quarter valued at approximately $30,000. GAMMA Investing LLC lifted its stake in shares of Agilysys by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after purchasing an additional 92 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Agilysys by 215.5% in the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock worth $39,000 after purchasing an additional 250 shares in the last quarter. Advisors Asset Management Inc. increased its position in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Agilysys by 71.3% during the second quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock worth $71,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Performance

Shares of AGYS stock opened at $110.08 on Friday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 220.16 and a beta of 0.61. Agilysys has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $107.61 and its 200-day simple moving average is $101.24.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The firm had revenue of $36.34 million during the quarter. Agilysys had a return on equity of 11.13% and a net margin of 4.85%. On average, sell-side analysts predict that Agilysys will post 0.8 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.