Agilysys, Inc. (NASDAQ:AGYS) Given Average Rating of "Buy" by Analysts

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has been assigned an average recommendation of "Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $116.57.

Several equities analysts have commented on AGYS shares. Oppenheimer decreased their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Northland Securities set a $152.00 price objective on shares of Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald began coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th.

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 258 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $29,254.62. Following the sale, the insider owned 21,137 shares in the company, valued at $2,396,724.43. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,398.19. Following the sale, the chief financial officer directly owned 47,288 shares in the company, valued at $5,361,986.32. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,405 shares of company stock valued at $158,033 over the last three months. 19.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGYS. Harbor Investment Advisory LLC grew its stake in shares of Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after buying an additional 159 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after buying an additional 336 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Agilysys in the fourth quarter valued at about $64,000. Finally, AlphaQuest LLC increased its stake in shares of Agilysys by 2,026.0% in the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock valued at $77,000 after buying an additional 1,013 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Performance

NASDAQ AGYS opened at $115.21 on Friday. The firm has a 50-day moving average price of $99.19 and a two-hundred day moving average price of $95.26. Agilysys has a 12-month low of $63.71 and a 12-month high of $142.64. The company has a market capitalization of $3.23 billion, a P/E ratio of 138.81 and a beta of 0.75. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.28. The business had revenue of $74.27 million for the quarter, compared to the consensus estimate of $71.43 million. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. Analysts anticipate that Agilysys will post 0.8 earnings per share for the current year.

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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