Agilysys, Inc. (NASDAQ:AGYS) Receives $128.75 Consensus PT from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given a consensus rating of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $128.75.

A number of research firms recently commented on AGYS. Wall Street Zen lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings lowered shares of Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Agilysys in a report on Tuesday, May 19th. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Oppenheimer upped their price target on shares of Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. raised its holdings in Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after purchasing an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Agilysys by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after purchasing an additional 569 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 184,402 shares in the last quarter. Jane Street Group LLC raised its holdings in Agilysys by 1,025.2% in the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock worth $2,738,000 after purchasing an additional 34,395 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in Agilysys in the 2nd quarter worth $231,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Performance

Shares of AGYS opened at $86.56 on Monday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 63.65 and a beta of 0.30. Agilysys has a fifty-two week low of $61.50 and a fifty-two week high of $145.25. The firm has a 50 day moving average price of $70.64 and a 200-day moving average price of $92.31.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $82.95 million during the quarter, compared to analyst estimates of $81.56 million. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. As a group, equities research analysts predict that Agilysys will post 1.61 earnings per share for the current year.

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.