Agilysys, Inc. (NASDAQ:AGYS) Receives $123.60 Average PT from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $124.60.

A number of research firms have recently issued reports on AGYS. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. UBS Group set a $110.00 target price on Agilysys in a report on Wednesday, June 3rd. Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Finally, Needham & Company LLC lifted their price objective on shares of Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday.

Insider Buying and Selling at Agilysys

In other news, CEO Ramesh Srinivasan sold 106,205 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $106.62, for a total transaction of $11,323,577.10. Following the completion of the sale, the chief executive officer owned 635,044 shares in the company, valued at approximately $67,708,391.28. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 197,410 shares of company stock valued at $21,285,381 over the last 90 days. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Agilysys during the 2nd quarter worth approximately $431,704,000. Capital Research Global Investors bought a new stake in Agilysys in the 4th quarter valued at $104,878,000. Wellington Management Group LLP grew its holdings in Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock valued at $72,675,000 after buying an additional 297,846 shares in the last quarter. Wasatch Advisors LP grew its holdings in Agilysys by 33.0% in the 1st quarter. Wasatch Advisors LP now owns 953,730 shares of the software maker’s stock valued at $67,848,000 after buying an additional 236,373 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in Agilysys during the 2nd quarter worth $21,593,000. 88.00% of the stock is owned by institutional investors.

Agilysys Stock Performance

Shares of AGYS stock opened at $106.98 on Friday. Agilysys has a 52-week low of $61.50 and a 52-week high of $145.25. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 70.85 and a beta of 0.37. The firm’s 50-day moving average is $100.53 and its 200-day moving average is $84.52.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The business had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.Agilysys’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $0.33 earnings per share. Sell-side analysts predict that Agilysys will post 1.73 EPS for the current fiscal year.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.