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.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on AGYS shares. StockNews.com lowered shares of Agilysys from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 17th. TheStreet raised shares of Agilysys from a "d+" rating to a "c-" rating in a research report on Friday, May 27th. Craig Hallum downgraded shares of Agilysys from a "buy" rating to a "hold" rating and set a $50.00 price objective on the stock. in a research note on Wednesday, July 27th. Finally, Northland Securities increased their price objective on shares of Agilysys from $58.00 to $61.00 in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $56.00.
Agilysys Trading Down 1.4 %
Agilysys stock traded down $0.75 during trading hours on Tuesday, reaching $54.22. 1,342 shares of the stock were exchanged, compared to its average volume of 132,545. The company has a market cap of $1.36 billion, a P/E ratio of 249.87 and a beta of 1.12. Agilysys has a twelve month low of $31.49 and a twelve month high of $58.49. The stock has a 50 day moving average of $47.03 and a two-hundred day moving average of $41.90.
Agilysys (NASDAQ:AGYS - Get Rating) last posted its quarterly earnings results on Tuesday, May 17th. The software maker reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.07. Agilysys had a net margin of 4.40% and a return on equity of 23.97%. The company had revenue of $46.60 million for the quarter, compared to the consensus estimate of $43.78 million. During the same period last year, the company posted $0.21 EPS. The firm's quarterly revenue was up 28.4% compared to the same quarter last year. On average, analysts expect that Agilysys will post 0.82 earnings per share for the current fiscal year.
Insider Activity
In other news, Director John Mutch sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $49.46, for a total value of $98,920.00. Following the sale, the director now directly owns 38,423 shares in the company, valued at approximately $1,900,401.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 22.60% of the stock is currently owned by corporate insiders.