Agilysys, Inc. (NASDAQ:AGYS)’s share price reached a new 52-week high on Monday . The company traded as high as $28.00 and last traded at $27.41, with a volume of 100843 shares trading hands. The stock had previously closed at $27.78.
A number of research firms have recently weighed in on AGYS. BidaskClub raised shares of Agilysys from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Maxim Group set a $28.00 target price on shares of Agilysys and gave the company a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $26.67.
The company’s fifty day moving average is $24.43 and its 200 day moving average is $21.51. The company has a market capitalization of $646.34 million, a P/E ratio of -48.09 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12.
Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The company had revenue of $38.39 million during the quarter, compared to the consensus estimate of $37.92 million. Agilysys had a negative net margin of 8.95% and a negative return on equity of 12.64%. Equities research analysts predict that Agilysys, Inc. will post -0.34 EPS for the current year.
In other Agilysys news, CEO Ramesh Srinivasan acquired 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average cost of $24.59 per share, with a total value of $270,490.00. Following the acquisition, the chief executive officer now owns 155,348 shares in the company, valued at $3,820,007.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bermuda One Fund Llc sold 20,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $22.52, for a total transaction of $468,416.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 325,300 shares of company stock valued at $7,163,895. 16.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new position in Agilysys in the 1st quarter valued at $28,000. Tower Research Capital LLC TRC boosted its holdings in Agilysys by 430.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,036 shares of the software maker’s stock valued at $44,000 after purchasing an additional 1,652 shares during the period. Aperio Group LLC bought a new position in Agilysys in the 2nd quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Agilysys in the 2nd quarter valued at $65,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Agilysys by 1,508.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock valued at $68,000 after purchasing an additional 3,031 shares during the period. 79.08% of the stock is owned by institutional investors.
Agilysys Company Profile (NASDAQ:AGYS)
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. The company offers point-of-sale, property management, reservation and table management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions to streamline operations, and enhance efficiency and guest experience.
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