Melvin Keating Acquires 300 Shares of Agilysys (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating purchased 300 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average price of $84.31 per share, for a total transaction of $25,293.00. Following the purchase, the director owned 34,707 shares in the company, valued at approximately $2,926,147.17. The trade was a 0.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Agilysys Price Performance

Shares of AGYS stock traded down $5.51 on Tuesday, hitting $83.74. 467,175 shares of the company’s stock were exchanged, compared to its average volume of 352,244. The company has a 50 day moving average of $116.41 and a 200 day moving average of $114.44. The stock has a market cap of $2.35 billion, a P/E ratio of 78.26 and a beta of 0.41. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). The business had revenue of $80.39 million for the quarter, compared to analyst estimates of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Sell-side analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in Agilysys by 6.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock worth $153,000 after purchasing an additional 88 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Agilysys by 5.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,853 shares of the software maker’s stock worth $195,000 after purchasing an additional 90 shares during the last quarter. GAMMA Investing LLC grew its position in Agilysys by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after purchasing an additional 92 shares in the last quarter. Yousif Capital Management LLC increased its stake in Agilysys by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after buying an additional 94 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Agilysys by 14.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock worth $90,000 after buying an additional 97 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on AGYS shares. Oppenheimer boosted their price target on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price on shares of Agilysys in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, January 21st. Wall Street Zen lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research lowered shares of Agilysys from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $145.40.

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.