Agilysys (NASDAQ:AGYS) Announces Quarterly Earnings Results

Agilysys (NASDAQ:AGYS) released its earnings results on Thursday. The software maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.17, MarketWatch Earnings reports. The firm had revenue of $39.66 million for the quarter, compared to analysts’ expectations of $40.28 million. Agilysys had a negative net margin of 21.19% and a negative return on equity of 34.62%. Agilysys updated its Q1 2021
After-Hours guidance to EPS.

AGYS stock opened at $19.59 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.32 and a current ratio of 1.35. The stock has a market cap of $475.27 million, a P/E ratio of -13.67 and a beta of 0.92. The firm has a 50 day simple moving average of $17.67 and a 200 day simple moving average of $24.38. Agilysys has a 52 week low of $12.61 and a 52 week high of $37.17.

In related news, CFO Anthony Pritchett sold 4,224 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $34.02, for a total transaction of $143,700.48. Following the completion of the sale, the chief financial officer now directly owns 36,685 shares in the company, valued at $1,248,023.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ramesh Srinivasan purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of $17.36 per share, with a total value of $173,600.00. Following the completion of the acquisition, the chief executive officer now owns 175,348 shares of the company’s stock, valued at approximately $3,044,041.28. The disclosure for this purchase can be found here. Company insiders own 16.00% of the company’s stock.

Several equities analysts have recently weighed in on AGYS shares. Zacks Investment Research lowered shares of Agilysys from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet lowered shares of Agilysys from a “c-” rating to a “d” rating in a research report on Thursday. Craig Hallum reduced their price objective on shares of Agilysys from $40.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, March 16th. BTIG Research started coverage on shares of Agilysys in a research report on Thursday, April 16th. They set a “neutral” rating for the company. Finally, BidaskClub upgraded shares of Agilysys from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Agilysys currently has an average rating of “Hold” and a consensus target price of $25.67.

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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Earnings History for Agilysys (NASDAQ:AGYS)

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