Agilysys (NASDAQ:AGYS – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.
Several other research firms have also commented on AGYS. Maxim Group cut their price target on Agilysys from $65.00 to $57.00 in a research report on Wednesday, January 26th. Craig Hallum dropped their target price on Agilysys from $60.00 to $45.00 in a report on Wednesday, January 26th. Finally, Zacks Investment Research raised Agilysys from a “sell” rating to a “hold” rating in a report on Friday, March 4th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $51.00.
AGYS opened at $37.16 on Tuesday. The firm has a market capitalization of $918.37 million, a price-to-earnings ratio of -39.96 and a beta of 1.37. Agilysys has a 52 week low of $33.63 and a 52 week high of $59.60. The stock’s 50 day moving average price is $40.16.
Agilysys (NASDAQ:AGYS – Get Rating) last released its quarterly earnings results on Tuesday, January 25th. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $39.46 million for the quarter, compared to analyst estimates of $41.11 million. Agilysys had a positive return on equity of 24.74% and a negative net margin of 12.98%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. As a group, research analysts expect that Agilysys will post 0.39 EPS for the current year.
In other news, Director John Mutch sold 2,000 shares of the company’s stock in a transaction on Monday, January 31st. The stock was sold at an average price of $36.87, for a total value of $73,740.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert L. Jr. Jacks sold 15,000 shares of the company’s stock in a transaction on Friday, January 28th. The shares were sold at an average price of $35.13, for a total value of $526,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,346 shares of company stock worth $695,564. 22.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CastleArk Alternatives LLC purchased a new position in Agilysys during the third quarter worth about $4,036,000. Citigroup Inc. lifted its position in Agilysys by 8.4% during the third quarter. Citigroup Inc. now owns 13,157 shares of the software maker’s stock worth $689,000 after buying an additional 1,023 shares during the period. Ensign Peak Advisors Inc lifted its position in Agilysys by 20.3% during the third quarter. Ensign Peak Advisors Inc now owns 8,900 shares of the software maker’s stock worth $466,000 after buying an additional 1,500 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Agilysys by 19.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 10,102 shares of the software maker’s stock worth $530,000 after buying an additional 1,650 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in Agilysys during the third quarter worth about $66,000. Hedge funds and other institutional investors own 99.02% of the company’s stock.
About Agilysys
Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, payment, inventory and procurement, reservations and venue management, activity management, document management, and analytics and marketing loyalty solutions to enhance guest experience.