Analysts Set Agilysys, Inc. (NASDAQ:AGYS) PT at $128.75

Agilysys, Inc. (NASDAQ:AGYS) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $128.75.

Several research firms have commented on AGYS. Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings cut shares of Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Agilysys in a research report on Tuesday, May 19th. Finally, Oppenheimer raised their price objective on shares of Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th.

Hedge Funds Weigh In On Agilysys

Several large investors have recently made changes to their positions in AGYS. Caitong International Asset Management Co. Ltd boosted its position in shares of Agilysys by 419.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Agilysys during the 4th quarter valued at about $34,000. Measured Wealth Private Client Group LLC bought a new position in shares of Agilysys during the 3rd quarter valued at about $43,000. Bessemer Group Inc. boosted its position in shares of Agilysys by 194.3% during the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock valued at $44,000 after purchasing an additional 272 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

Agilysys stock opened at $86.56 on Monday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 63.65 and a beta of 0.41. The company’s 50-day moving average price is $70.64 and its two-hundred day moving average price is $92.06. Agilysys has a 52 week low of $61.50 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The firm had revenue of $82.95 million for the quarter, compared to analysts’ expectations of $81.56 million. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. Agilysys’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. Research analysts expect that Agilysys will post 1.61 earnings per share for the current fiscal year.

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.