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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Agilysys, with five buys and three holds among eight covering firms. The average 12-month price target is $123.60, implying upside from the stock’s $108.58 price.
• Agilysys reported quarterly EPS of $0.49, beating the $0.40 estimate, while revenue rose 14.3% year over year to $87.68 million and exceeded expectations.
• Institutional investors own 88% of the company, with several funds increasing their positions; however, insiders sold 197,410 shares worth approximately $21.3 million over the past three months.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $123.60.

A number of analysts have issued reports on AGYS shares. Oppenheimer reaffirmed an "outperform" rating and issued a $118.00 target price on shares of Agilysys in a research note on Tuesday, July 28th. Needham & Company LLC boosted their price target on shares of Agilysys from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Piper Sandler raised their price objective on shares of Agilysys from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Agilysys from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 13th.

Insider Buying and Selling at Agilysys

In other news, CEO Ramesh Srinivasan sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $108.15, for a total transaction of $2,703,750.00. Following the completion of the sale, the chief executive officer owned 610,044 shares in the company, valued at $65,976,258.60. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 197,410 shares of company stock valued at $21,285,381. Corporate insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG acquired a new position in Agilysys in the fourth quarter valued at about $2,622,000. Vanguard Group Inc. boosted its stake in Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker's stock worth $286,160,000 after buying an additional 32,052 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Agilysys during the fourth quarter valued at about $2,081,000. Jennison Associates LLC increased its position in shares of Agilysys by 20.7% during the fourth quarter. Jennison Associates LLC now owns 221,791 shares of the software maker's stock valued at $26,358,000 after acquiring an additional 38,007 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Agilysys by 38.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,038 shares of the software maker's stock valued at $26,825,000 after acquiring an additional 103,752 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Price Performance

Shares of Agilysys stock opened at $108.58 on Friday. The stock's 50 day simple moving average is $100.26 and its 200-day simple moving average is $84.73. The stock has a market cap of $3.06 billion, a P/E ratio of 71.91 and a beta of 0.37. Agilysys has a 1-year low of $61.50 and a 1-year high of $145.25.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The firm had revenue of $87.68 million during the quarter, compared to analysts' expectations of $85.97 million. During the same quarter last year, the firm earned $0.33 earnings per share. The business's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts expect that Agilysys will post 1.73 EPS for the current fiscal year.

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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