Agilysys, Inc. (NASDAQ:AGYS) Receives $116.00 Average PT from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $116.00.

A number of research firms recently weighed in on AGYS. UBS Group set a $110.00 price objective on shares of Agilysys in a research report on Wednesday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Agilysys in a research report on Tuesday, May 19th. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Oppenheimer raised their price target on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th.

Hedge Funds Weigh In On Agilysys

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after purchasing an additional 32,052 shares during the period. Wasatch Advisors LP lifted its position in shares of Agilysys by 5.3% during the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock worth $115,204,000 after purchasing an additional 50,536 shares in the last quarter. State Street Corp boosted its stake in shares of Agilysys by 0.5% in the fourth quarter. State Street Corp now owns 1,003,062 shares of the software maker’s stock valued at $119,204,000 after purchasing an additional 4,516 shares during the period. Capital Research Global Investors acquired a new position in shares of Agilysys in the fourth quarter valued at approximately $104,878,000. Finally, Wellington Management Group LLP grew its holdings in shares of Agilysys by 75.9% in the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock valued at $72,675,000 after purchasing an additional 297,846 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Price Performance

NASDAQ:AGYS opened at $106.28 on Tuesday. Agilysys has a 1-year low of $61.50 and a 1-year high of $145.25. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 78.15 and a beta of 0.37. The company’s 50-day moving average is $91.98 and its two-hundred day moving average is $85.58.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The company had revenue of $82.95 million for the quarter, compared to analysts’ expectations of $81.56 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. Agilysys’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Agilysys will post 1.77 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.