Agilysys, Inc. (NASDAQ: AGYS) Receives Analyst Consensus “Conservation” Rating



Agilysys, Inc. (NASDAQ: AGYS) has received a consensus rating of “Hold” by the six rating agencies that cover the company, reports Marketbeat Ratings. One research analyst rated the stock with a sell recommendation, three issued a hold recommendation, and one issued a buy recommendation on the company. The 12-month average price target among brokerage firms that updated their equity coverage in the past year is $ 63.00.

A number of brokerage firms have recently weighed in on AGYS. Zacks investment research upgraded Agilysys from a “hold” rating to a “sell” rating in a report released on Monday August 2nd. The Maxim group reaffirmed a “conservation” note on Agilysys shares in a research note on Tuesday, May 25.

In addition, director Melvin L. Keating bought 800 shares in a transaction dated Tuesday, August 17. The stock was purchased at an average price of $ 51.45 per share, for a total transaction of $ 41,160.00. The purchase was disclosed in a file with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, SVP Kyle C. Badger sold 2,609 Agilysys shares in a trade that took place on Tuesday, September 7th. The shares were sold at an average price of $ 54.75, for a total value of $ 142,842.75. Disclosure of this sale can be found here. Insiders have sold a total of 12,970 shares of the company valued at $ 710,067 in the past three months. Insiders own 21.70% of the shares of the company.

A number of institutional investors have recently increased or reduced their stakes in the company. Point72 Hong Kong Ltd increased its position in Agilysys by 76.1% in the first quarter. Point72 Hong Kong Ltd. now owns 560 shares of the software maker valued at $ 27,000 after purchasing an additional 242 shares during the period. Itau Unibanco Holding SA acquired a new stake in Agilysys shares in the second quarter for a value of $ 42,000. US Bancorp DE purchased a new position in Agilysys during the first quarter for a value of approximately $ 49,000. Altshuler Shaham Ltd purchased a new position in Agilysys during the first quarter valued at approximately $ 56,000. Finally, PNC Financial Services Group Inc. increased its stake in Agilysys by 36.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,049 shares of the software maker valued at $ 58,000 after acquiring 283 additional shares during the period. 98.15% of the shares are currently held by hedge funds and other institutional investors.

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NASDAQ: AGYS open for $ 50.73 Tuesday. Agilysys has a minimum of $ 23.39 over 12 months and a maximum of $ 64.09 over 12 months. The company has a market cap of $ 1.25 billion, a price-to-earnings ratio of -57.65 and a beta of 1.47. The company’s 50-day moving average is $ 54.78 and its two-hundred-day moving average is $ 53.28.

Agilysys (NASDAQ: AGYS) last released its quarterly results on Monday, July 26. The software maker reported earnings per share of $ 0.21 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.17 of $ 0.04. The company posted revenue of $ 38.70 million in the quarter, compared to a consensus estimate of $ 36.92 million. Agilysys recorded a positive return on equity of 29.93% and a negative net margin of 12.67%. Agilysys revenue increased 29.9% year-on-year. During the same period of the previous year, the company posted ($ 0.07) EPS. As a group, equity analysts expect Agilysys to post earnings per share of 0.55 for the current year.

Agilysys Company Profile

Agilysys, Inc operates like a technology company. It offers innovative software for points of sale, payment gateways, management of reservations and tables, management of offers to customers, property management, inventory and supply, analysis, management of documents, as well as mobile and wireless solutions and services for the hospitality industry.

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Analyst Recommendations for Agilysys (NASDAQ: AGYS)

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