Key Points
- Insider purchase: Director Melvin Keating bought 300 shares on Feb. 3 at $83.62 each for $25,086, increasing his ownership to 35,007 shares (a 0.86% rise), according to an SEC filing.
- Quarterly results: Agilysys reported $0.42 EPS (missing the $0.46 estimate) while revenue rose to $80.39M, beating the $79.07M forecast and increasing 15.6% year-over-year.
- Market and analyst view: AGYS was recently down about 6%, trades near the low $80s, and carries a consensus "Hold" rating with a $145.40 price target despite several buy/outperform opinions.
Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Melvin Keating purchased 300 shares of the company's stock in a transaction that occurred on Tuesday, February 3rd. The stock was bought at an average price of $83.62 per share, for a total transaction of $25,086.00. Following the transaction, the director directly owned 35,007 shares in the company, valued at $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Agilysys Stock Down 6.0%
AGYS opened at $83.87 on Wednesday. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25. The business has a 50 day moving average price of $115.57 and a two-hundred day moving average price of $114.22. The company has a market cap of $2.36 billion, a PE ratio of 78.38 and a beta of 0.41.
Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $80.39 million during the quarter, compared to analysts' expectations of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AGYS has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $140.00 target price on shares of Agilysys in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Saturday. Weiss Ratings reissued a "hold (c)" rating on shares of Agilysys in a research note on Wednesday, January 21st. Oppenheimer raised their price target on Agilysys from $130.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, December 4th. Finally, UBS Group reaffirmed a "buy" rating on shares of Agilysys in a report on Monday, December 15th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Agilysys currently has a consensus rating of "Hold" and a consensus price target of $145.40.
View Our Latest Research Report on AGYS
Institutional Investors Weigh In On Agilysys
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of Agilysys by 38.7% in the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker's stock worth $71,955,000 after acquiring an additional 175,137 shares during the period. Geode Capital Management LLC boosted its position in Agilysys by 8.0% during the second quarter. Geode Capital Management LLC now owns 607,664 shares of the software maker's stock worth $69,670,000 after purchasing an additional 45,037 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Agilysys by 9.3% in the second quarter. Artisan Partners Limited Partnership now owns 629,891 shares of the software maker's stock valued at $72,211,000 after purchasing an additional 53,360 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Agilysys by 23.9% in the second quarter. Franklin Resources Inc. now owns 379,587 shares of the software maker's stock valued at $43,516,000 after buying an additional 73,220 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Agilysys by 13.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 205,857 shares of the software maker's stock valued at $21,666,000 after buying an additional 23,791 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.
About Agilysys
(
Get Free Report)
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.
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