Melvin Keating Acquires 300 Shares of Agilysys (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating acquired 300 shares of Agilysys stock in a transaction on Friday, January 30th. The stock was acquired at an average price of $84.31 per share, with a total value of $25,293.00. Following the purchase, the director directly owned 34,707 shares in the company, valued at approximately $2,926,147.17. This trade represents a 0.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Agilysys Price Performance

Shares of NASDAQ AGYS traded down $5.51 during mid-day trading on Tuesday, reaching $83.74. 467,175 shares of the company’s stock were exchanged, compared to its average volume of 352,244. The firm has a 50-day moving average price of $116.41 and a two-hundred day moving average price of $114.44. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 78.26 and a beta of 0.41. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The company had revenue of $80.39 million for the quarter, compared to analysts’ expectations of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. As a group, sell-side analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in shares of Agilysys by 118.5% during the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock worth $27,000 after purchasing an additional 141 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Agilysys during the second quarter worth about $30,000. GAMMA Investing LLC grew its holdings in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after purchasing an additional 92 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Agilysys by 215.5% during the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Agilysys in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Agilysys in a research report on Tuesday, January 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. UBS Group restated a “buy” rating on shares of Agilysys in a research 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 report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Agilysys has a consensus rating of “Hold” and a consensus price target of $145.40.

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.