Agilysys, Inc. (NASDAQ:AGYS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $124.60.

A number of research analysts recently issued reports on AGYS shares. Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group set a $110.00 price target on Agilysys in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Finally, Piper Sandler upped their target price on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th.

Insider Buying and Selling

In other Agilysys news, CEO Ramesh Srinivasan sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $108.15, for a total value of $2,703,750.00. Following the sale, the chief executive officer owned 610,044 shares in the company, valued at approximately $65,976,258.60. This represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 197,410 shares of company stock valued at $21,285,381. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Agilysys

A number of hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in Agilysys by 419.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after buying an additional 172 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Agilysys by 700.0% in the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after acquiring an additional 399 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Agilysys during the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Agilysys during the 3rd quarter worth about $43,000. Finally, Versant Capital Management Inc grew its position in shares of Agilysys by 123.9% during the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after acquiring an additional 233 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Trading Up 0.7%

Shares of NASDAQ:AGYS opened at $107.35 on Friday. Agilysys has a twelve month low of $61.50 and a twelve month high of $145.25. The company’s 50 day moving average is $101.24 and its 200 day moving average is $84.50. The company has a market cap of $3.03 billion, a PE ratio of 71.09 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Equities research analysts predict that Agilysys will post 1.73 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.