Agilysys (NASDAQ:AGYS) Upgraded at BidaskClub

BidaskClub upgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a buy rating in a research note issued to investors on Friday morning, BidAskClub reports.

Other research analysts also recently issued reports about the stock. Northland Securities reaffirmed a buy rating and issued a $40.00 price objective on shares of Aridis Pharmaceuticals in a report on Friday, March 29th. Maxim Group set a $25.00 price objective on shares of Agilysys and gave the stock a buy rating in a report on Friday, May 17th. Finally, Zacks Investment Research downgraded shares of H&E Equipment Services from a hold rating to a sell rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $25.67.

AGYS opened at $22.96 on Friday. The business has a 50 day simple moving average of $22.30. The company has a market cap of $542.98 million, a P/E ratio of -40.28 and a beta of 0.32. Agilysys has a 12 month low of $13.32 and a 12 month high of $23.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Thursday, May 16th. The software maker reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.07). The business had revenue of $36.62 million during the quarter, compared to the consensus estimate of $36.80 million. Agilysys had a negative return on equity of 12.49% and a negative net margin of 9.35%. During the same period last year, the business posted ($0.06) earnings per share. Equities research analysts predict that Agilysys will post -0.34 EPS for the current year.

In other Agilysys news, major shareholder Bermuda One Fund Llc sold 4,300 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $22.50, for a total value of $96,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 488,851 shares of company stock worth $10,406,675 over the last quarter. Corporate insiders own 16.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new stake in Agilysys in the 1st quarter worth approximately $28,000. BNP Paribas Arbitrage SA lifted its stake in Agilysys by 1,508.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock worth $68,000 after purchasing an additional 3,031 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Agilysys in the 4th quarter worth approximately $72,000. Metropolitan Life Insurance Co. NY purchased a new stake in Agilysys in the 4th quarter worth approximately $76,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Agilysys in the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 78.02% of the company’s stock.

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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