Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $27.00 for the company and are anticipating that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Agilysys an industry rank of 195 out of 256 based on the ratings given to related companies.
A number of brokerages have recently commented on AGYS. Maxim Group set a $28.00 price target on shares of Agilysys and gave the stock a “buy” rating in a report on Friday, July 26th. BidaskClub upgraded shares of Agilysys from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.
In related news, major shareholder Bermuda One Fund Llc sold 27,100 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $19.88, for a total value of $538,748.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ramesh Srinivasan bought 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average price of $24.59 per share, for a total transaction of $270,490.00. Following the acquisition, the chief executive officer now owns 155,348 shares of the company’s stock, valued at $3,820,007.32. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 402,100 shares of company stock worth $8,752,625. 16.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. William Blair Investment Management LLC grew its position in Agilysys by 8.7% in the 1st quarter. William Blair Investment Management LLC now owns 1,179,416 shares of the software maker’s stock worth $24,968,000 after purchasing an additional 94,595 shares in the last quarter. Cortina Asset Management LLC grew its position in shares of Agilysys by 74.8% during the 2nd quarter. Cortina Asset Management LLC now owns 202,734 shares of the software maker’s stock valued at $4,353,000 after acquiring an additional 86,730 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Agilysys by 197.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 107,345 shares of the software maker’s stock valued at $2,305,000 after acquiring an additional 71,270 shares during the period. Granite Investment Partners LLC bought a new position in shares of Agilysys during the 1st quarter valued at approximately $1,258,000. Finally, Acadian Asset Management LLC grew its position in shares of Agilysys by 26.9% during the 2nd quarter. Acadian Asset Management LLC now owns 269,826 shares of the software maker’s stock valued at $5,794,000 after acquiring an additional 57,208 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.
Shares of NASDAQ AGYS traded up $0.23 during midday trading on Friday, reaching $27.66. 1,763 shares of the company were exchanged, compared to its average volume of 130,592. The company’s 50-day moving average price is $23.57. The stock has a market capitalization of $654.39 million, a PE ratio of -48.60 and a beta of 0.31. Agilysys has a one year low of $13.32 and a one year high of $27.80. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12.
Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $38.39 million for the quarter, compared to analyst estimates of $37.92 million. Agilysys had a negative net margin of 8.95% and a negative return on equity of 12.64%. Analysts forecast that Agilysys will post -0.34 EPS for the current fiscal year.
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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