Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Recommendation of “Buy” by Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average recommendation of “Buy” from the four ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is $103.33.

AGYS has been the subject of several recent analyst reports. Oppenheimer upped their price target on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Needham & Company LLC lifted their price target on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Finally, William Blair began coverage on shares of Agilysys in a report on Monday, June 24th. They issued an “outperform” rating on the stock.

Agilysys Stock Performance

NASDAQ:AGYS opened at $104.14 on Monday. The company has a market capitalization of $2.86 billion, a P/E ratio of 32.96 and a beta of 0.78. The stock’s 50 day moving average price is $92.24 and its 200 day moving average price is $85.39. Agilysys has a 52 week low of $63.78 and a 52 week high of $105.00.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $62.22 million for the quarter, compared to analyst estimates of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. Agilysys’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, sell-side analysts forecast that Agilysys will post 0.69 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In related news, SVP Kyle C. Badger sold 8,948 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the transaction, the senior vice president now directly owns 166,943 shares in the company, valued at approximately $16,552,398.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Jerry C. Jones sold 10,000 shares of Agilysys stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.89, for a total transaction of $1,028,900.00. Following the sale, the director now owns 40,982 shares of the company’s stock, valued at approximately $4,216,637.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kyle C. Badger sold 8,948 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total value of $887,194.20. Following the completion of the transaction, the senior vice president now owns 166,943 shares of the company’s stock, valued at $16,552,398.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 700,392 shares of company stock worth $67,319,669. Insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently made changes to their positions in the business. RiverPark Advisors LLC increased its stake in Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after acquiring an additional 133 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Agilysys by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock valued at $1,558,000 after purchasing an additional 146 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Agilysys by 6.2% in the 1st quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after purchasing an additional 204 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Agilysys by 2.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock worth $1,000,000 after buying an additional 306 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Agilysys by 8.2% during the 1st quarter. ProShare Advisors LLC now owns 4,077 shares of the software maker’s stock worth $344,000 after buying an additional 309 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

About Agilysys

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, activity scheduling, reservations management, and related solutions to enhance guest experience.