Agilysys (NASDAQ:AGYS) Director Melvin Keating Purchases 300 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating bought 300 shares of Agilysys stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $84.31 per share, for a total transaction of $25,293.00. Following the completion of the acquisition, the director directly owned 34,707 shares in the company, valued at $2,926,147.17. This represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Agilysys Price Performance

AGYS stock opened at $83.87 on Wednesday. The business has a fifty day moving average price of $115.57 and a 200 day moving average price of $114.22. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 78.38 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The business had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. During the same period in the prior year, the firm posted $0.38 EPS. Agilysys’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of Agilysys

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its stake in Agilysys by 38.7% during the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after buying an additional 175,137 shares during the period. Geode Capital Management LLC increased its holdings in shares of Agilysys by 8.0% in the second quarter. Geode Capital Management LLC now owns 607,664 shares of the software maker’s stock worth $69,670,000 after acquiring an additional 45,037 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Agilysys by 9.3% during the second quarter. Artisan Partners Limited Partnership now owns 629,891 shares of the software maker’s stock worth $72,211,000 after purchasing an additional 53,360 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Agilysys by 23.9% during the 2nd quarter. Franklin Resources Inc. now owns 379,587 shares of the software maker’s stock valued at $43,516,000 after purchasing an additional 73,220 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Agilysys by 13.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 205,857 shares of the software maker’s stock valued at $21,666,000 after purchasing an additional 23,791 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group restated a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Agilysys in a report on Tuesday, October 28th. Oppenheimer lifted their target price on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, BTIG Research initiated coverage on Agilysys in a research report on Tuesday, December 16th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Agilysys presently has an average rating of “Hold” and an average price target of $145.40.

About Agilysys

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.