Several other research analysts also recently weighed in on the stock. Maxim Group set a $28.00 price objective on shares of Agilysys and gave the stock a “buy” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Agilysys from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, August 22nd. Finally, ValuEngine downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.33.
Agilysys stock traded up $0.18 during midday trading on Thursday, hitting $26.59. The company’s stock had a trading volume of 8 shares, compared to its average volume of 132,416. Agilysys has a 1-year low of $13.32 and a 1-year high of $28.17. 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 company has a 50-day moving average price of $26.18 and a two-hundred day moving average price of $22.35. The company has a market cap of $597.57 million, a price-to-earnings ratio of -46.50 and a beta of 0.31.
Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. The business had revenue of $38.39 million during the quarter, compared to analysts’ expectations of $37.92 million. Agilysys had a negative net margin of 8.95% and a negative return on equity of 12.64%. Sell-side analysts forecast that Agilysys will post -0.15 EPS for the current year.
In related news, major shareholder Bermuda One Fund Llc sold 10,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $22.70, for a total transaction of $227,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jebaseelan Kingsley purchased 2,000 shares of Agilysys stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $25.59 per share, with a total value of $51,180.00. Following the transaction, the vice president now owns 11,630 shares of the company’s stock, valued at approximately $297,611.70. The disclosure for this purchase can be found here. In the last quarter, insiders bought 23,000 shares of company stock valued at $572,970 and sold 187,100 shares valued at $4,092,457. Corporate insiders own 16.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AGYS. Nuveen Asset Management LLC purchased a new stake in shares of Agilysys in the second quarter worth about $4,296,000. Marshall Wace LLP raised 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 valued at $469,000 after buying an additional 10,367 shares in the last quarter. Morgan Stanley raised 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 valued at $1,936,000 after buying an additional 67,717 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Agilysys during the 2nd quarter valued at about $1,448,000. Finally, Algert Global LLC raised its holdings in shares of Agilysys by 18.4% during the 2nd quarter. Algert Global LLC now owns 36,646 shares of the software maker’s stock valued at $787,000 after buying an additional 5,708 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.
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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