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

Agilysys, Inc. (NASDAQ:AGYS) has earned an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $133.00.

A number of equities research analysts have weighed in on AGYS shares. Craig Hallum dropped their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Oppenheimer lowered their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC lowered their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday.

Agilysys Price Performance

Shares of AGYS opened at $78.01 on Friday. Agilysys has a 1-year low of $74.03 and a 1-year high of $142.64. The stock has a market cap of $2.18 billion, a PE ratio of 97.51 and a beta of 0.98. The firm has a 50-day simple moving average of $100.52 and a two-hundred day simple moving average of $111.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, analysts forecast that Agilysys will post 0.8 EPS for the current year.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the sale, the director now directly owns 330,576 shares in the company, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 67,500 shares of company stock worth $8,496,000 over the last 90 days. 19.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AGYS. Invesco Ltd. lifted its stake in Agilysys by 412.9% during the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock worth $95,858,000 after purchasing an additional 585,886 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Agilysys by 521.7% in the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock valued at $80,347,000 after purchasing an additional 511,900 shares in the last quarter. FMR LLC boosted its holdings in Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after purchasing an additional 466,704 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Agilysys by 729.1% in the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock valued at $52,487,000 after purchasing an additional 350,441 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.