Agilysys, Inc. (NASDAQ:AGYS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Agilysys an average rating of Moderate Buy from seven brokerages (four Buy, three Hold) with a consensus 12‑month price target of $131.40.
• Agilysys reported Q1 EPS of $0.42, missing estimates of $0.46, while revenue of $80.39M beat expectations and rose 15.6% year‑over‑year; the stock trades around $65.73 with a market cap of $1.85B and a 52‑week range of $61.50–$145.25.
• Insiders own 8.6% of the company and made recent purchases (1,000 shares over 90 days), while institutional ownership is very high at 88%, including large stake increases by Goldman Sachs and Jane Street.

Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $131.40.

Several equities analysts have weighed in on AGYS shares. Weiss Ratings reissued a "hold (c)" rating on shares of Agilysys in a research report on Wednesday, January 21st. Needham & Company LLC reissued a "buy" rating and set a $120.00 price target on shares of Agilysys in a research report on Tuesday. Zacks Research raised Agilysys from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Oppenheimer dropped their price target on Agilysys from $140.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 9th. Finally, Wall Street Zen downgraded Agilysys from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st.

Agilysys Stock Performance

Agilysys stock opened at $65.73 on Thursday. The stock has a fifty day moving average of $70.43 and a two-hundred day moving average of $98.70. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 61.43 and a beta of 0.43. Agilysys has a fifty-two week low of $61.50 and a fifty-two week high of $145.25.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $80.39 million for the quarter, compared to analysts' expectations 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 in the previous year, the business posted $0.38 EPS. On average, analysts forecast that Agilysys will post 1.09 EPS for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, Director Melvin L. Keating acquired 300 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was acquired at an average price of $83.62 per share, with a total value of $25,086.00. Following the completion of the transaction, the director directly owned 35,007 shares in the company, valued at approximately $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 1,000 shares of company stock valued at $77,669 over the last ninety days. 8.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Agilysys

A number of hedge funds and other institutional investors have recently made changes to their positions in AGYS. Advisors Asset Management Inc. grew its position in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after purchasing an additional 159 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Agilysys by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker's stock valued at $972,000 after purchasing an additional 569 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Agilysys by 125.0% in the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker's stock valued at $24,080,000 after purchasing an additional 184,402 shares during the period. Jane Street Group LLC grew its position in shares of Agilysys by 1,025.2% in the first quarter. Jane Street Group LLC now owns 37,750 shares of the software maker's stock valued at $2,738,000 after purchasing an additional 34,395 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Agilysys in the second quarter valued at $231,000. Hedge funds and other institutional investors 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.

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