Key Points
- Director Melvin Keating purchased 160 shares of Agilysys at an average price of $68.38 on March 16, raising his direct stake to 35,167 shares (about $2.4M); the transaction was disclosed in an SEC filing.
- Agilysys shares traded around $68.57 (well below its 50‑ and 200‑day averages of $87.63 and $106.80) after a quarter where EPS missed estimates ($0.42 vs. $0.46) but revenue rose 15.6%; analysts carry a consensus "Moderate Buy" rating with a $141.40 price target.
Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Melvin Keating purchased 160 shares of the business's stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $68.38 per share, for a total transaction of $10,940.80. Following the completion of the acquisition, the director directly owned 35,167 shares in the company, valued at approximately $2,404,719.46. This represents a 0.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Agilysys Price Performance
Shares of NASDAQ:AGYS traded up $1.03 during mid-day trading on Thursday, hitting $68.57. The company had a trading volume of 18,854 shares, compared to its average volume of 351,567. The firm has a fifty day moving average price of $87.63 and a 200 day moving average price of $106.80. The company has a market capitalization of $1.93 billion, a PE ratio of 64.08 and a beta of 0.36. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its 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). The company had revenue of $80.39 million for the quarter, compared to the consensus estimate of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The firm's revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Agilysys
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after acquiring an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Agilysys by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker's stock valued at $972,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker's stock worth $24,080,000 after purchasing an additional 184,402 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Agilysys by 1,025.2% in the first quarter. Jane Street Group LLC now owns 37,750 shares of the software maker's stock worth $2,738,000 after purchasing an additional 34,395 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Agilysys in the second quarter worth approximately $317,000. Institutional investors and hedge funds own 88.00% of the company's stock.
Wall Street Analyst Weigh In
AGYS has been the subject of several research reports. BTIG Research assumed coverage on Agilysys in a research note on Tuesday, December 16th. They issued a "neutral" rating for the company. Needham & Company LLC dropped their price target on Agilysys from $140.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Agilysys in a report on Wednesday, January 21st. UBS Group restated a "buy" rating on shares of Agilysys in a report on Monday, December 15th. Finally, Zacks Research raised Agilysys from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $141.40.
View Our Latest Research Report on AGYS
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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