Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $22.00 for the company, according to Zacks. Zacks has also assigned Agilysys an industry rank of 51 out of 255 based on the ratings given to related companies.
Several analysts recently issued reports on AGYS shares. BidaskClub cut Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. ValuEngine cut Agilysys from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Maxim Group set a $22.00 target price on Agilysys and gave the stock a “buy” rating in a research note on Friday, January 25th.
In other Agilysys news, Director Keith M. Kolerus sold 5,000 shares of Agilysys stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $19.88, for a total transaction of $99,400.00. Following the sale, the director now directly owns 143,930 shares of the company’s stock, valued at approximately $2,861,328.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ramesh Srinivasan acquired 20,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were purchased at an average cost of $18.40 per share, for a total transaction of $368,000.00. Following the completion of the transaction, the chief executive officer now owns 118,601 shares in the company, valued at approximately $2,182,258.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 7,922 shares of company stock worth $151,607. Insiders own 26.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AGYS. Meeder Asset Management Inc. boosted its position in Agilysys by 88.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock valued at $31,000 after acquiring an additional 986 shares in the last quarter. LS Investment Advisors LLC purchased a new position in shares of Agilysys during the fourth quarter valued at approximately $45,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Agilysys during the fourth quarter valued at approximately $72,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Agilysys during the fourth quarter valued at approximately $76,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Agilysys by 18.5% during the fourth quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock valued at $84,000 after purchasing an additional 918 shares during the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ AGYS traded up $0.29 during trading hours on Friday, hitting $20.71. The company’s stock had a trading volume of 1,931 shares, compared to its average volume of 97,614. Agilysys has a 12 month low of $11.58 and a 12 month high of $21.38.
Agilysys (NASDAQ:AGYS) last posted its earnings results on Thursday, January 24th. The software maker reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $36.01 million during the quarter. Agilysys had a negative return on equity of 9.12% and a negative net margin of 7.18%.
Agilysys Company Profile
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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