Analysts Set Agilysys, Inc. (NASDAQ:AGYS) Target Price at $30.00

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.00.

Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Maxim Group set a $28.00 price target on shares of Agilysys and gave the company a “buy” rating in a report on Friday, July 26th. National Securities assumed coverage on shares of Agilysys in a report on Wednesday, October 16th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, ValuEngine upgraded shares of Agilysys from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

Shares of NASDAQ AGYS traded up $0.33 during mid-day trading on Friday, hitting $24.88. 97,200 shares of the company’s stock traded hands, compared to its average volume of 117,226. The company’s 50-day moving average is $25.47 and its two-hundred day moving average is $24.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.38 and a quick ratio of 1.36. The company has a market capitalization of $576.32 million, a P/E ratio of -43.65 and a beta of 0.28. Agilysys has a 1 year low of $13.32 and a 1 year high of $29.29.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $40.72 million for the quarter, compared to the consensus estimate of $38.17 million. Agilysys had a negative net margin of 7.99% and a negative return on equity of 12.04%. Equities analysts anticipate that Agilysys will post -0.21 EPS for the current fiscal year.

In other news, VP Jebaseelan Kingsley purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average cost of $25.59 per share, for a total transaction of $51,180.00. Following the acquisition, the vice president now owns 11,630 shares of the company’s stock, valued at approximately $297,611.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramesh Srinivasan purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average price of $25.13 per share, for a total transaction of $251,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 165,348 shares in the company, valued at approximately $4,155,195.24. The disclosure for this purchase can be found here. Corporate insiders own 16.00% of the company’s stock.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Agilysys by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,662 shares of the software maker’s stock worth $4,566,000 after acquiring an additional 12,670 shares in the last quarter. Algert Global LLC grew its stake in Agilysys by 18.4% in the 2nd quarter. Algert Global LLC now owns 36,646 shares of the software maker’s stock worth $787,000 after acquiring an additional 5,708 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Agilysys by 125.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 22,407 shares of the software maker’s stock worth $479,000 after acquiring an additional 12,484 shares in the last quarter. Acadian Asset Management LLC grew its stake in Agilysys by 26.9% in the 2nd quarter. Acadian Asset Management LLC now owns 269,826 shares of the software maker’s stock worth $5,794,000 after acquiring an additional 57,208 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new position in Agilysys in the 3rd quarter worth about $2,647,000. Institutional investors own 79.70% 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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