Melvin Keating Purchases 160 Shares of Agilysys (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating purchased 160 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $68.38 per share, with a total value of $10,940.80. Following the purchase, the director directly owned 35,167 shares of the company’s stock, valued at approximately $2,404,719.46. The trade was a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $69.56 on Friday. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $145.25. The stock’s fifty day moving average price is $86.62 and its 200-day moving average price is $106.55. The company has a market cap of $1.96 billion, a P/E ratio of 65.01 and a beta of 0.36.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The business had revenue of $80.39 million during 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%.Agilysys’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after acquiring an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Agilysys by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after purchasing an additional 569 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Agilysys by 125.0% in the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 184,402 shares during the period. Jane Street Group LLC lifted its stake in shares of Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after buying an additional 34,395 shares in the last quarter. Finally, Savant Capital LLC bought a new position in Agilysys in the 2nd quarter worth $317,000. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGYS. Oppenheimer increased their price target on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. BTIG Research started coverage on Agilysys in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.40.

About Agilysys

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.