Agilysys (NASDAQ:AGYS) Releases Earnings Results, Beats Expectations By $0.12 EPS

Agilysys (NASDAQ:AGYS) issued its earnings results on Monday. The software maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12, FiscalAI reports. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $93.36 million for the quarter, compared to analyst estimates of $90.92 million.

Agilysys Stock Performance

Shares of Agilysys stock traded up $2.76 on Monday, reaching $123.45. 1,004,883 shares of the company were exchanged, compared to its average volume of 328,064. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 81.76, a P/E/G ratio of 3.49 and a beta of 0.37. Agilysys has a 1-year low of $61.50 and a 1-year high of $145.25. The company’s 50-day moving average is $108.07 and its two-hundred day moving average is $95.59.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 106,205 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $106.62, for a total transaction of $11,323,577.10. Following the completion of the transaction, the chief executive officer directly owned 635,044 shares in the company, valued at $67,708,391.28. This represents a 14.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joe Youssef sold 1,002 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $114.64, for a total value of $114,869.28. Following the transaction, the insider owned 19,045 shares of the company’s stock, valued at approximately $2,183,318.80. The trade was a 5.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 212,812 shares of company stock worth $23,046,675. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AGYS has been the subject of several research analyst reports. Zacks Research lowered Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer reaffirmed an “outperform” rating on shares of Agilysys in a report on Monday, October 12th. Piper Sandler lifted their target price on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Finally, Needham & Company LLC boosted their price target on Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $124.60.

Agilysys Company Profile

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.