Agilysys (NASDAQ:AGYS) Upgraded by Zacks Research to Hold Rating

Key Points

• Agilysys has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, signaling a more favorable outlook for the stock.
• Cantor Fitzgerald has issued an "overweight" rating with a price target of $125.00, while Oppenheimer raised their target from $120.00 to $125.00.
• Agilysys reported $76.68 million in revenue during its last quarter, exceeding estimates, although its earnings per share missed expectations at $0.33.

Agilysys (NASDAQ:AGYS - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

AGYS has been the topic of a number of other reports. Cantor Fitzgerald began coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective on the stock. Oppenheimer lifted their price target on Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 9th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Agilysys has an average rating of "Moderate Buy" and a consensus target price of $121.57.

Agilysys Price Performance

Shares of Agilysys stock opened at $105.91 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $110.46 and a 200-day simple moving average of $97.19. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 211.82 and a beta of 0.64. Agilysys has a 1-year low of $63.71 and a 1-year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $76.68 million during the quarter, compared to the consensus estimate of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The business's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. On average, sell-side analysts expect that Agilysys will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In related news, SVP Kyle C. Badger sold 326 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,965.14. Following the completion of the sale, the senior vice president owned 114,791 shares in the company, valued at $13,016,151.49. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $29,254.62. Following the completion of the transaction, the insider owned 21,137 shares in the company, valued at approximately $2,396,724.43. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 905 shares of company stock valued at $102,618. 8.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new stake in Agilysys during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker's stock worth $35,000 after purchasing an additional 92 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in 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 in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after purchasing an additional 159 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Agilysys by 71.3% in the second quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker's stock valued at $71,000 after buying an additional 263 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

About Agilysys

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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