Agilysys, Inc. (NASDAQ:AGYS) Receives $88.40 Average PT from Analysts

Agilysys, Inc. (NASDAQ:AGYS) has earned an average rating of “Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $88.40.

Several equities analysts recently commented on the stock. Oppenheimer reduced their price objective on shares of Agilysys from $105.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday, July 25th. Northland Securities reduced their price objective on Agilysys from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 25th. StockNews.com began coverage on Agilysys in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Needham & Company LLC started coverage on shares of Agilysys in a report on Monday, August 14th. They issued a “buy” rating and a $92.00 price target on the stock.

Agilysys Trading Up 2.1 %

Shares of AGYS opened at $69.19 on Friday. The stock has a 50 day moving average of $70.08 and a 200 day moving average of $74.23. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 160.91 and a beta of 0.90. Agilysys has a 12 month low of $45.90 and a 12 month high of $88.16.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 24th. The software maker reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $56.10 million for the quarter, compared to analysts’ expectations of $55.24 million. Agilysys had a net margin of 6.34% and a return on equity of 23.95%. Agilysys’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts predict that Agilysys will post 0.73 earnings per share for the current year.

Insider Activity at Agilysys

In related news, Director John Mutch sold 1,000 shares of Agilysys stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $70.91, for a total value of $70,910.00. Following the completion of the sale, the director now directly owns 36,358 shares in the company, valued at approximately $2,578,145.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Agilysys

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Agilysys by 22.6% in the 1st quarter. JPMorgan Chase & Co. now owns 15,435 shares of the software maker’s stock worth $616,000 after purchasing an additional 2,847 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Agilysys by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 219,525 shares of the software maker’s stock worth $8,754,000 after acquiring an additional 4,356 shares during the last quarter. Citigroup Inc. grew its position in shares of Agilysys by 2.6% during the 1st quarter. Citigroup Inc. now owns 18,889 shares of the software maker’s stock valued at $753,000 after acquiring an additional 487 shares during the period. MetLife Investment Management LLC increased its stake in shares of Agilysys by 51.2% in the 1st quarter. MetLife Investment Management LLC now owns 11,027 shares of the software maker’s stock worth $440,000 after purchasing an additional 3,732 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Agilysys by 6.4% in the 1st quarter. Rhumbline Advisers now owns 51,494 shares of the software maker’s stock worth $2,054,000 after purchasing an additional 3,116 shares during the period. Institutional investors own 97.65% 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, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.