Agilysys (NASDAQ:AGYS) Director Acquires $10,940.80 in Stock

Key Points

• Director Melvin Keating bought 160 shares on March 16 at $68.38 each ($10,940.80), bringing his direct stake to 35,167 shares (a 0.46% ownership increase); the purchase was disclosed in an SEC filing.
• Agilysys shares were trading down about 0.7% to $67.54; the company missed Q EPS estimates ($0.42 vs. $0.46) but reported revenue of $80.39M, up 15.6% year-over-year.
• Analyst sentiment is mixed-to-positive with four Buys and three Holds giving a "Moderate Buy" consensus and an average target price of $141.40, and institutional ownership around 88%.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Melvin Keating purchased 160 shares of Agilysys stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of $68.38 per share, with a total value of $10,940.80. Following the completion of the acquisition, the director directly owned 35,167 shares in the company, valued at approximately $2,404,719.46. This trade represents a 0.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Agilysys Stock Down 0.7%

AGYS stock traded down $0.48 on Wednesday, reaching $67.54. 309,839 shares of the company's stock were exchanged, compared to its average volume of 358,281. The stock has a fifty day moving average of $88.66 and a 200-day moving average of $107.08. The firm has a market cap of $1.90 billion, a PE ratio of 63.12 and a beta of 0.36. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $145.25.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.04). Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The business had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. During the same period last year, the business posted $0.38 EPS. Agilysys's revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AGYS shares. BTIG Research started coverage on shares of Agilysys in a research report on Tuesday, December 16th. They set a "neutral" rating on the stock. Zacks Research raised Agilysys from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 26th. Weiss Ratings restated a "hold (c)" rating on shares of Agilysys in a report on Wednesday, January 21st. Oppenheimer raised their price objective on Agilysys from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, December 4th. Finally, Needham & Company LLC reduced their price objective on Agilysys from $140.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Agilysys has an average rating of "Moderate Buy" and a consensus target price of $141.40.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd raised its position in Agilysys by 702.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the software maker's stock worth $39,000 after acquiring an additional 288 shares during the last quarter. MidFirst Bank purchased a new position in shares of Agilysys during the 4th quarter worth approximately $402,000. NewEdge Advisors LLC raised its position in shares of Agilysys by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker's stock worth $469,000 after purchasing an additional 170 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Agilysys during the 4th quarter worth approximately $455,000. Finally, Twinbeech Capital LP purchased a new stake in Agilysys in the 4th quarter valued at approximately $2,127,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

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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