Agilysys (NASDAQ:AGYS) Director Acquires $10,940.80 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating purchased 160 shares of the business’s stock in a transaction on Monday, March 16th. The shares were bought at an average price of $68.38 per share, for a total transaction of $10,940.80. Following the purchase, the director directly owned 35,167 shares in the company, valued at $2,404,719.46. This represents a 0.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Agilysys Trading Up 1.8%

NASDAQ:AGYS opened at $70.81 on Friday. The company has a market capitalization of $1.99 billion, a P/E ratio of 66.18 and a beta of 0.36. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $145.25. The firm has a fifty day simple moving average of $85.68 and a 200-day simple moving average of $106.28.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). The firm had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. Agilysys’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. Equities analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Hedge Funds Weigh In On Agilysys

A number of institutional investors have recently modified their holdings of AGYS. Capital Research Global Investors acquired a new position in shares of Agilysys in the 4th quarter valued at about $104,878,000. Wellington Management Group LLP grew its holdings in Agilysys by 75.9% during the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after acquiring an additional 297,846 shares during the period. Goldman Sachs Group Inc. grew its holdings in Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after acquiring an additional 184,402 shares during the period. American Century Companies Inc. raised its position in Agilysys by 38.7% during the second quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock valued at $71,955,000 after acquiring an additional 175,137 shares in the last quarter. Finally, Invesco Ltd. raised its position in Agilysys by 28.1% during the second quarter. Invesco Ltd. now owns 545,386 shares of the software maker’s stock valued at $62,523,000 after acquiring an additional 119,736 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AGYS. Needham & Company LLC reduced their price objective on Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Wall Street Zen lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group reiterated a “buy” rating on shares of Agilysys in a report on Monday, December 15th. BTIG Research began coverage on shares of Agilysys in a research report on Tuesday, December 16th. They set a “neutral” rating for the company. Finally, Oppenheimer lifted their price objective on shares of Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and an average target price of $141.40.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.