Insider Buying: Agilysys (NASDAQ:AGYS) Director Acquires $25,086.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating bought 300 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were acquired at an average price of $83.62 per share, with a total value of $25,086.00. Following the transaction, the director directly owned 35,007 shares in the company, valued at approximately $2,927,285.34. The trade was a 0.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Agilysys Trading Down 3.2%

Agilysys stock opened at $84.08 on Friday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 78.58 and a beta of 0.41. The business has a 50-day moving average of $113.96 and a 200-day moving average of $113.82. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly 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). Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The firm had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. During the same period last year, the firm earned $0.38 EPS. Agilysys’s quarterly revenue was up 15.6% on a year-over-year basis. Research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AGYS shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 price target on shares of Agilysys in a research note on Tuesday, October 28th. Oppenheimer increased their price objective on shares of Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Finally, Zacks Research lowered Agilysys from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Agilysys has a consensus rating of “Hold” and a consensus target price of $145.40.

Hedge Funds Weigh In On Agilysys

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its position in shares of Agilysys by 118.5% in the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock valued at $27,000 after buying an additional 141 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Agilysys in the 2nd quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in Agilysys by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after purchasing an additional 92 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Agilysys by 215.5% during the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock worth $39,000 after purchasing an additional 250 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys in the third quarter valued at $43,000. Institutional investors and hedge funds 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.