Agilysys, Inc. (NASDAQ:AGYS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $116.00.

A number of research firms have recently weighed in on AGYS. Piper Sandler started coverage on Agilysys in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 price objective for the company. UBS Group set a $110.00 price target on Agilysys in a report on Wednesday, June 3rd. Oppenheimer upped their price target on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Agilysys in a report on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th.

Agilysys Price Performance

AGYS opened at $106.68 on Tuesday. The company has a 50 day simple moving average of $91.24 and a two-hundred day simple moving average of $85.93. The firm has a market cap of $3.01 billion, a P/E ratio of 78.44 and a beta of 0.37. Agilysys has a 1-year low of $61.50 and a 1-year high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The firm had revenue of $82.95 million for the quarter, compared to the consensus estimate of $81.56 million. During the same period last year, the firm earned $0.54 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that Agilysys will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Agilysys

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Agilysys by 419.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares during the period. Optiver Holding B.V. increased its stake in Agilysys by 700.0% in the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares during the period. Los Angeles Capital Management LLC purchased a new position in Agilysys in the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new position in Agilysys in the 3rd quarter worth about $43,000. Finally, Versant Capital Management Inc lifted its holdings in Agilysys by 123.9% during the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after buying an additional 233 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

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.