Agilysys, Inc. (NASDAQ:AGYS) Receives $141.40 Consensus PT from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $141.40.

A number of equities research analysts have commented on the company. Oppenheimer raised their price objective on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. BTIG Research assumed coverage on Agilysys in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Needham & Company LLC reduced their price target on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Wall Street Zen cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th.

Agilysys Stock Down 0.3%

Shares of NASDAQ:AGYS opened at $68.02 on Wednesday. The company’s fifty day moving average is $88.66 and its two-hundred day moving average is $107.08. The company has a market cap of $1.91 billion, a P/E ratio of 63.57 and a beta of 0.36. Agilysys has a 12-month low of $63.71 and a 12-month high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). The business had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Equities research analysts anticipate that Agilysys will post 0.8 earnings per share for the current year.

Insider Activity

In related news, Director Melvin L. Keating purchased 300 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were acquired at an average cost of $83.62 per share, for a total transaction of $25,086.00. Following the acquisition, the director directly owned 35,007 shares in the company, valued at approximately $2,927,285.34. The trade was a 0.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Institutional Trading of Agilysys

A number of institutional investors have recently bought and sold shares of AGYS. Caitong International Asset Management Co. Ltd increased its position in Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after purchasing an additional 172 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Agilysys by 118.5% in the 3rd quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock valued at $27,000 after buying an additional 141 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Agilysys in the 4th quarter valued at approximately $34,000. Elevation Point Wealth Partners LLC acquired a new position in Agilysys in the second quarter worth approximately $30,000. Finally, Farther Finance Advisors LLC increased 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 buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.