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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Agilysys, with five buy ratings and three holds among eight analysts. The average 12-month price target is $124.60, above the reported share price of $112.49.
• Agilysys exceeded quarterly expectations, reporting $0.49 in EPS versus a $0.40 consensus and $87.68 million in revenue versus $85.97 million expected. Revenue increased 14.3% year over year.
• Shares were down 3.4%, while insiders sold 211,810 shares worth approximately $22.9 million during the last quarter; institutional investors own 88% of the company.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $124.60.

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

Agilysys Stock Down 3.4%

Shares of AGYS stock opened at $112.49 on Wednesday. Agilysys has a 12-month low of $61.50 and a 12-month high of $145.25. The company has a market capitalization of $3.17 billion, a PE ratio of 74.50 and a beta of 0.38. The firm has a 50 day moving average price of $108.59 and a two-hundred day moving average price of $86.95.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its 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. The company had revenue of $87.68 million for the quarter, compared to the consensus estimate of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, research analysts expect that Agilysys will post 1.73 EPS for the current year.

Insider Buying and Selling at Agilysys

In other news, SVP Kyle C. Badger sold 8,400 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total transaction of $958,104.00. Following the transaction, the senior vice president directly owned 75,037 shares of the company's stock, valued at approximately $8,558,720.22. This trade represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William David Wood III sold 6,000 shares of Agilysys stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares of the company's stock, valued at approximately $4,021,165.44. The trade was a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 211,810 shares of company stock valued at $22,931,805 in the last quarter. Company insiders own 8.70% of the company's stock.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd raised its holdings in Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker's stock valued at $25,000 after acquiring an additional 172 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of Agilysys by 700.0% during the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker's stock worth $32,000 after purchasing an additional 399 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Agilysys during the 4th quarter worth $34,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Agilysys during the 3rd quarter worth $43,000. Finally, Versant Capital Management Inc increased its position in shares of Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker's stock worth $44,000 after purchasing an additional 233 shares during the period. Institutional investors own 88.00% of the company's stock.

Agilysys Company Profile

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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