National Securities initiated coverage on shares of Agilysys (NASDAQ:AGYS) in a report issued on Wednesday, Briefing.com Automated Import reports. The brokerage set a “buy” rating on the software maker’s stock.
AGYS has been the topic of a number of other research reports. ValuEngine lowered Agilysys from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub lowered Agilysys from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Maxim Group set a $28.00 price objective on Agilysys and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Zacks Investment Research lowered Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Agilysys currently has a consensus rating of “Buy” and a consensus price target of $28.33.
AGYS stock traded down $0.31 during trading on Wednesday, hitting $25.99. The company had a trading volume of 57,974 shares, compared to its average volume of 181,149. The firm has a market cap of $630.00 million, a PE ratio of -45.60 and a beta of 0.27. Agilysys has a 1-year low of $13.32 and a 1-year high of $28.50. The firm has a 50-day moving average price of $26.54 and a 200-day moving average price of $23.34. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.
Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. Agilysys had a negative return on equity of 12.64% and a negative net margin of 8.95%. The company had revenue of $38.39 million for the quarter, compared to analyst estimates of $37.92 million. Sell-side analysts anticipate that Agilysys will post -0.15 earnings per share for the current year.
In other news, VP Jebaseelan Kingsley purchased 2,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $25.59 per share, with a total value of $51,180.00. Following the purchase, the vice president now directly owns 11,630 shares of the company’s stock, valued at $297,611.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ramesh Srinivasan purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $25.13 per share, for a total transaction of $251,300.00. Following the purchase, the chief executive officer now directly owns 165,348 shares in the company, valued at $4,155,195.24. The disclosure for this purchase can be found here. Insiders acquired a total of 23,000 shares of company stock worth $572,970 in the last ninety days. 16.00% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Agilysys by 430.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,036 shares of the software maker’s stock worth $44,000 after acquiring an additional 1,652 shares in the last quarter. Aperio Group LLC purchased a new stake in Agilysys in the 2nd quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Agilysys in the 2nd quarter valued at approximately $65,000. Bank of Montreal Can lifted its stake in Agilysys by 51.1% in the 2nd quarter. Bank of Montreal Can now owns 4,192 shares of the software maker’s stock valued at $90,000 after buying an additional 1,418 shares in the last quarter. Finally, Brasada Capital Management LP purchased a new stake in Agilysys in the 2nd quarter valued at approximately $182,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.
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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