Shares of Agilysys, Inc. (NASDAQ:AGYS) have received a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $30.00.
A number of research analysts have commented on the company. Northland Securities reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Agilysys in a report on Thursday. National Securities assumed coverage on Agilysys in a report on Wednesday. They issued a “buy” rating on the stock. Zacks Investment Research lowered Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. ValuEngine lowered Agilysys from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BidaskClub lowered Agilysys from a “strong-buy” rating to a “buy” rating in a report on Tuesday.
Shares of NASDAQ AGYS opened at $26.13 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.34. The stock’s fifty day moving average price is $26.49 and its two-hundred day moving average price is $23.41. Agilysys has a one year low of $13.32 and a one year high of $28.50. The firm has a market cap of $624.79 million, a price-to-earnings ratio of -45.84 and a beta of 0.27.
Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Agilysys had a negative return on equity of 12.64% and a negative net margin of 8.95%. The firm had revenue of $38.39 million for the quarter, compared to analyst estimates of $37.92 million.
In related news, CEO Ramesh Srinivasan bought 10,000 shares of Agilysys stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of $25.13 per share, with a total value of $251,300.00. Following the acquisition, the chief executive officer now owns 165,348 shares in the company, valued at approximately $4,155,195.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jebaseelan Kingsley bought 2,000 shares of Agilysys stock in a transaction dated Monday, September 9th. The shares were bought at an average cost of $25.59 per share, for a total transaction of $51,180.00. Following the completion of the acquisition, the vice president now owns 11,630 shares in the company, valued at approximately $297,611.70. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 23,000 shares of company stock worth $572,970. 16.00% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in shares of Agilysys by 161.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,636 shares of the software maker’s stock worth $400,000 after purchasing an additional 9,647 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Agilysys during the 2nd quarter worth $4,296,000. Marshall Wace LLP grew its holdings in shares of Agilysys by 90.4% during the 2nd quarter. Marshall Wace LLP now owns 21,840 shares of the software maker’s stock worth $469,000 after purchasing an additional 10,367 shares in the last quarter. Morgan Stanley grew its holdings in shares of Agilysys by 301.5% during the 2nd quarter. Morgan Stanley now owns 90,175 shares of the software maker’s stock worth $1,936,000 after purchasing an additional 67,717 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Agilysys during the 2nd quarter worth $1,448,000. 79.61% of the stock is currently owned by institutional investors.
Agilysys Company Profile
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. The company offers point-of-sale, property management, reservation and table management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions to streamline operations, and enhance efficiency and guest experience.
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