Agilysys, Inc. (NASDAQ:AGYS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $141.1667.

AGYS has been the topic of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a report on Tuesday, October 28th. Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. BTIG Research initiated coverage on shares of Agilysys in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Finally, Wall Street Zen cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, December 20th.

Agilysys Stock Down 0.5%

Shares of Agilysys stock opened at $118.84 on Friday. Agilysys has a 12 month low of $63.71 and a 12 month high of $145.25. The stock has a market cap of $3.33 billion, a PE ratio of 138.19 and a beta of 0.43. The business has a fifty day simple moving average of $124.15 and a 200-day simple moving average of $115.32.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The firm had revenue of $36.34 million for the quarter. Analysts expect that Agilysys will post 0.8 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total value of $65,670.00. Following the completion of the sale, the insider owned 687 shares of the company’s stock, valued at approximately $90,230.58. The trade was a 42.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kyle C. Badger sold 502 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $62,569.28. Following the completion of the transaction, the senior vice president owned 114,911 shares in the company, valued at $14,322,507.04. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 15,576 shares of company stock valued at $1,882,370. Corporate insiders own 8.60% of the company’s stock.

Institutional Trading of Agilysys

Several large investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. bought a new position in shares of Agilysys during the 3rd quarter valued at $290,000. NewEdge Advisors LLC increased its position in Agilysys by 37.3% during the third quarter. NewEdge Advisors LLC now owns 3,777 shares of the software maker’s stock worth $398,000 after buying an additional 1,027 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Agilysys by 169.0% during the third quarter. CANADA LIFE ASSURANCE Co now owns 60,945 shares of the software maker’s stock worth $6,321,000 after buying an additional 38,288 shares during the last quarter. Woodline Partners LP raised its holdings in Agilysys by 8.7% during the third quarter. Woodline Partners LP now owns 3,335 shares of the software maker’s stock valued at $351,000 after buying an additional 267 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Agilysys in the third quarter worth about $394,000. 88.00% of the stock is owned by institutional investors.

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.