Key Points
- Agilysys insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares at an average price of $114.64, generating $114,869.28. His remaining stake totaled 19,045 shares, worth approximately $2.18 million.
- Agilysys reported quarterly EPS of $0.49, exceeding analysts’ $0.40 estimate, while revenue rose 14.3% year over year to $87.68 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $124.60, and institutional investors own approximately 88% of the company’s shares.
Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $114.64, for a total transaction of $114,869.28. Following the completion of the transaction, the insider owned 19,045 shares in the company, valued at approximately $2,183,318.80. The trade was a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Agilysys Stock Up 0.9%
Shares of AGYS stock opened at $113.51 on Thursday. The company has a 50 day moving average of $109.02 and a 200-day moving average of $87.18. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The firm has a market cap of $3.20 billion, a P/E ratio of 75.17 and a beta of 0.38.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The company had revenue of $87.68 million for the quarter, compared to analysts' expectations of $85.97 million. During the same quarter in the previous year, the firm posted $0.33 EPS. Agilysys's revenue was up 14.3% on a year-over-year basis. As a group, equities analysts expect that Agilysys, Inc. will post 1.73 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Zacks Research cut Agilysys from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. UBS Group set a $110.00 target price on shares of Agilysys in a research note on Wednesday, June 3rd. Cantor Fitzgerald reissued an "overweight" rating on shares of Agilysys in a research report on Tuesday, July 28th. Oppenheimer restated an "outperform" rating and set a $118.00 price target on shares of Agilysys in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Agilysys from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 13th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Agilysys currently has an average rating of "Moderate Buy" and an average target price of $124.60.
Get Our Latest Report on AGYS
Institutional Investors Weigh In On Agilysys
Several hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in Agilysys by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker's stock worth $597,000 after purchasing an additional 153 shares during the period. Advisors Asset Management Inc. lifted its position in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after buying an additional 159 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Agilysys by 3.1% during the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker's stock valued at $393,000 after buying an additional 165 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Agilysys by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker's stock valued at $469,000 after buying an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker's stock worth $25,000 after buying an additional 172 shares during the period. 88.00% of the stock is currently owned by institutional investors.
Agilysys Company Profile
(
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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