Agilysys, Inc., together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, reservations management, and seat solutions to enhance guest experience. The company also provides technical software support, maintenance, and subscription services; and professional services. It offers its solutions for gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadium, and healthcare. The company was formerly known as Pioneer-Standard Electronics, Inc. and changed its name to Agilysys, Inc. in 2003. Agilysys, Inc. was founded in 1932 and is headquartered in Alpharetta, Georgia.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Craig Hallum lowered Agilysys from a "buy" rating to a "hold" rating and set a $50.00 price objective for the company. in a research note on Wednesday, July 27th. StockNews.com lowered Agilysys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 17th. Northland Securities lifted their price target on Agilysys from $58.00 to $61.00 in a research note on Wednesday, July 27th. Finally, TheStreet upgraded Agilysys from a "d+" rating to a "c-" rating in a research note on Friday, May 27th. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.
Agilysys Stock Performance
Shares of Agilysys stock traded up $0.02 on Friday, hitting $50.50. The company's stock had a trading volume of 57,982 shares, compared to its average volume of 131,562. Agilysys has a 1 year low of $31.49 and a 1 year high of $59.34. The firm has a fifty day moving average price of $45.73 and a 200-day moving average price of $41.23. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 229.56 and a beta of 1.12.
Agilysys (NASDAQ:AGYS - Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.17 by $0.07. Agilysys had a return on equity of 23.97% and a net margin of 4.40%. The company had revenue of $46.60 million during the quarter, compared to analyst estimates of $43.78 million. During the same period in the previous year, the business earned $0.21 EPS. Agilysys's quarterly revenue was up 28.4% on a year-over-year basis. As a group, analysts forecast that Agilysys will post 0.82 EPS for the current year.