Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Agilysys, Inc. has been given a consensus rating of "Moderate Buy" from eight analysts, with two holding and six buying ratings.
• The company's average price objective among analysts is $121.57, following recent upgrades from Zacks Research and Oppenheimer.
• Agilysys reported revenue of $36.34 million for the last quarter, achieving an EPS of $0.21, as analysts predict a total of 0.8 EPS for the current fiscal year.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $121.5714.

Several research analysts have recently issued reports on AGYS shares. Zacks Research upgraded shares of Agilysys from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. Oppenheimer increased 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Agilysys in a report on Wednesday.

Institutional Trading of Agilysys

A number of institutional investors and hedge funds have recently bought and sold shares of AGYS. Elevation Point Wealth Partners LLC acquired a new stake in Agilysys in the second quarter valued at $30,000. GAMMA Investing LLC increased its holdings in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker's stock valued at $35,000 after purchasing an additional 92 shares during the period. Advisors Asset Management Inc. grew 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 acquiring an additional 159 shares during the period. Smartleaf Asset Management LLC grew its holdings in Agilysys by 71.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker's stock worth $71,000 after acquiring an additional 263 shares during the period. Finally, AlphaQuest LLC grew its holdings in Agilysys by 2,026.0% during the 1st quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock worth $77,000 after acquiring an additional 1,013 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Down 0.6%

Shares of NASDAQ:AGYS opened at $109.49 on Friday. The company has a fifty day moving average of $107.86 and a 200-day moving average of $99.96. The company has a market capitalization of $3.07 billion, a PE ratio of 218.98 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 has a 52-week low of $63.71 and a 52-week high of $142.64.

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