Agilysys' (AGYS) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Agilysys' stock received a reaffirmed "hold (c)" rating from Weiss Ratings as several research analysts updated their assessments, with Zacks upgrading it from "strong sell" to "hold."
• The consensus rating for Agilysys is currently "Moderate Buy," with a target price set at $121.57, following a price objective increase from Oppenheimer.
• Agilysys' stock is trading at $116.97 with a market cap of $3.28 billion, and large institutional investors have increased their stakes in the company significantly in the first quarter.

Agilysys (NASDAQ:AGYS - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on AGYS. Zacks Research upgraded Agilysys from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. Oppenheimer boosted their price objective on Agilysys from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.57.

Agilysys Trading Up 0.4%

Shares of Agilysys stock traded up $0.45 during trading hours on Friday, hitting $116.97. The company's stock had a trading volume of 56,450 shares, compared to its average volume of 284,683. Agilysys has a twelve month low of $63.71 and a twelve month high of $142.64. The firm has a fifty day moving average of $108.07 and a 200-day moving average of $102.24. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 233.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The business had revenue of $36.34 million for the quarter. Research analysts forecast that Agilysys will post 0.8 EPS for the current year.

Institutional Trading of Agilysys

Large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Agilysys in the 1st quarter valued at approximately $1,078,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Agilysys by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock valued at $102,000 after buying an additional 141 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Agilysys by 32.7% in the first quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker's stock valued at $10,202,000 after buying an additional 34,660 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Agilysys by 17.9% in the first quarter. Northern Trust Corp now owns 421,751 shares of the software maker's stock valued at $30,594,000 after buying an additional 64,062 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Agilysys by 35.1% in the first quarter. Royal Bank of Canada now owns 264,432 shares of the software maker's stock valued at $19,182,000 after buying an additional 68,679 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.

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