Equities research analysts expect Agilysys, Inc. (NASDAQ:AGYS) to report earnings of ($0.05) per share for the current quarter, Zacks reports. Zero analysts have made estimates for Agilysys’ earnings. Agilysys posted earnings per share of ($0.08) during the same quarter last year, which suggests a positive year-over-year growth rate of 37.5%. The company is scheduled to announce its next earnings results on Thursday, January 24th.

On average, analysts expect that Agilysys will report full year earnings of ($0.26) per share for the current year. For the next year, analysts forecast that the firm will post earnings of ($0.07) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Agilysys.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Agilysys had a negative net margin of 5.83% and a negative return on equity of 7.08%. The company had revenue of $34.20 million for the quarter, compared to analyst estimates of $33.51 million.

AGYS has been the topic of several recent research reports. BidaskClub raised shares of Agilysys from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. Maxim Group set a $22.00 price target on shares of Agilysys and gave the company a “buy” rating in a report on Friday, October 19th. Finally, ValuEngine lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Friday.

NASDAQ:AGYS opened at $15.59 on Friday. Agilysys has a one year low of $10.77 and a one year high of $17.52. The firm has a market capitalization of $370.57 million, a price-to-earnings ratio of -42.14 and a beta of 0.26.

In other Agilysys news, SVP Kyle C. Badger sold 3,693 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $15.73, for a total value of $58,090.89. Following the completion of the transaction, the senior vice president now owns 94,771 shares in the company, valued at $1,490,747.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith M. Kolerus sold 5,934 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $15.67, for a total transaction of $92,985.78. Following the completion of the transaction, the director now owns 152,819 shares of the company’s stock, valued at approximately $2,394,673.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,944 shares of company stock worth $375,710. 26.80% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of AGYS. William Blair Investment Management LLC raised its position in shares of Agilysys by 75.7% in the third quarter. William Blair Investment Management LLC now owns 1,018,829 shares of the software maker’s stock worth $16,607,000 after acquiring an additional 438,842 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Agilysys in the third quarter worth about $4,924,000. BlackRock Inc. raised its position in shares of Agilysys by 12.7% in the third quarter. BlackRock Inc. now owns 2,539,194 shares of the software maker’s stock worth $41,389,000 after acquiring an additional 285,526 shares during the period. Royce & Associates LP raised its position in shares of Agilysys by 108.0% in the second quarter. Royce & Associates LP now owns 354,887 shares of the software maker’s stock worth $5,501,000 after acquiring an additional 184,300 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Agilysys by 35.4% in the third quarter. Renaissance Technologies LLC now owns 560,052 shares of the software maker’s stock worth $9,129,000 after acquiring an additional 146,400 shares during the period. Institutional investors and hedge funds own 86.52% of the company’s stock.

About Agilysys

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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