Agilysys (NASDAQ:AGYS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a buy rating in a research report report published on Saturday morning.

AGYS has been the subject of a number of other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective on shares of Agilysys in a research report on Monday, December 15th. UBS Group restated a “buy” rating on shares of Agilysys in a report on Monday, December 15th. Oppenheimer upped their target price on shares of Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Finally, Zacks Research cut shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.17.

Agilysys Price Performance

AGYS opened at $117.37 on Friday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 136.48 and a beta of 0.43. The business has a 50 day simple moving average of $123.04 and a two-hundred day simple moving average of $115.66. Agilysys has a one year low of $63.71 and a one year high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $36.34 million during the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. As a group, sell-side analysts expect that Agilysys will post 0.8 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, SVP Kyle C. Badger sold 502 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $62,569.28. Following the transaction, the senior vice president owned 114,911 shares in the company, valued at $14,322,507.04. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sethuram Shivashankar sold 497 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $124.64, for a total transaction of $61,946.08. Following the sale, the insider directly owned 24,031 shares in the company, valued at $2,995,223.84. This trade represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,576 shares of company stock worth $1,882,370 over the last quarter. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in Agilysys by 6.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock valued at $153,000 after acquiring an additional 88 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Agilysys by 5.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,853 shares of the software maker’s stock worth $195,000 after purchasing an additional 90 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after purchasing an additional 92 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Agilysys by 1.1% during the second quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after buying an additional 94 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Agilysys by 14.1% during the second quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock valued at $90,000 after buying an additional 97 shares during the last quarter. 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.