Agilysys (NASDAQ:AGYS) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Agilysys (NASDAQ:AGYS) posted its earnings results on Monday. The software maker reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04), FiscalAI reports. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The company had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million.

Agilysys Stock Performance

Shares of NASDAQ:AGYS traded up $5.92 during trading hours on Monday, reaching $113.55. The stock had a trading volume of 742,236 shares, compared to its average volume of 225,830. Agilysys has a 1 year low of $63.71 and a 1 year high of $145.25. The firm’s 50 day moving average is $120.07 and its 200-day moving average is $115.44. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 132.04 and a beta of 0.43.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research report on Wednesday. Oppenheimer lifted their price objective on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of Agilysys in a research note on Monday, December 15th. Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.40.

Insider Activity

In other news, CFO William David Wood III sold 990 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $124.64, for a total transaction of $123,393.60. Following the completion of the transaction, the chief financial officer directly owned 41,636 shares of the company’s stock, valued at approximately $5,189,511.04. This represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $61,946.08. Following the completion of the transaction, the insider owned 24,031 shares in the company, valued at approximately $2,995,223.84. The trade was a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,576 shares of company stock valued at $1,189,070. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Agilysys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGYS. CIBC Bancorp USA Inc. purchased a new stake in shares of Agilysys during the 3rd quarter worth approximately $290,000. Hsbc Holdings PLC purchased a new position in shares of Agilysys in the 2nd quarter valued at $294,000. Tower Research Capital LLC TRC raised its stake in Agilysys by 162.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,677 shares of the software maker’s stock worth $307,000 after acquiring an additional 1,658 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Agilysys in the third quarter valued at $394,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in Agilysys by 169.0% in the third quarter. CANADA LIFE ASSURANCE Co now owns 60,945 shares of the software maker’s stock valued at $6,321,000 after acquiring an additional 38,288 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

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.