Agilysys (AGYS) Set to Announce Earnings on Tuesday

Agilysys (NASDAQ:AGYS – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 17th. Analysts expect Agilysys to post earnings of $0.18 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

AGYS stock opened at $36.06 on Friday. The company has a market capitalization of $891.04 million, a price-to-earnings ratio of -38.77 and a beta of 1.35. Agilysys has a fifty-two week low of $31.49 and a fifty-two week high of $59.60. The stock has a fifty day moving average of $38.58 and a 200-day moving average of $41.24.

In related news, SVP Laveti Sridhar sold 704 shares of the firm’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $37.44, for a total transaction of $26,357.76. Following the transaction, the senior vice president now directly owns 29,225 shares of the company’s stock, valued at approximately $1,094,184. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 3,050 shares of company stock worth $121,231. 22.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Agilysys by 27.2% during the 3rd quarter. Royal Bank of Canada now owns 1,659 shares of the software maker’s stock worth $87,000 after acquiring an additional 355 shares during the last quarter. State of Tennessee Treasury Department grew its position in Agilysys by 3.5% during the 4th quarter. State of Tennessee Treasury Department now owns 13,006 shares of the software maker’s stock worth $578,000 after acquiring an additional 435 shares during the last quarter. Citigroup Inc. grew its position in Agilysys by 2.6% during the 1st quarter. Citigroup Inc. now owns 18,889 shares of the software maker’s stock worth $753,000 after acquiring an additional 487 shares during the last quarter. Morgan Stanley grew its position in Agilysys by 0.4% during the 2nd quarter. Morgan Stanley now owns 124,774 shares of the software maker’s stock worth $7,096,000 after acquiring an additional 547 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Agilysys by 10.5% during the 4th quarter. JPMorgan Chase & Co. now owns 12,588 shares of the software maker’s stock worth $560,000 after acquiring an additional 1,192 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Several research analysts have recently weighed in on the company. StockNews.com downgraded Agilysys from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 6th. Zacks Investment Research raised Agilysys from a “sell” rating to a “hold” rating in a report on Friday, March 4th. Maxim Group dropped their price objective on Agilysys from $65.00 to $57.00 in a report on Wednesday, January 26th. Craig Hallum dropped their price objective on Agilysys from $60.00 to $45.00 in a report on Wednesday, January 26th. Finally, TheStreet cut Agilysys from a “c-” rating to a “d+” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Agilysys has an average rating of “Buy” and an average target price of $51.00.

Agilysys Company Profile (Get Rating)

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, payment, inventory and procurement, reservations and venue management, activity management, document management, and analytics and marketing loyalty solutions to enhance guest experience.

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