Analysts at Craig Hallum initiated coverage on shares of Agilysys (NASDAQ:AGYS) in a research report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the software maker’s stock.

Several other equities research analysts have also recently weighed in on AGYS. ValuEngine raised Agilysys from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. BidaskClub downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Northland Securities reissued a “buy” rating and set a $32.00 price objective on shares of Agilysys in a research report on Friday, October 25th. National Securities initiated coverage on shares of Agilysys in a report on Wednesday, October 16th. They set a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.33.

Shares of NASDAQ AGYS opened at $24.73 on Tuesday. Agilysys has a 1 year low of $13.32 and a 1 year high of $29.29. The stock has a market capitalization of $599.27 million, a P/E ratio of -43.39 and a beta of 0.25. The company’s 50-day moving average is $25.15 and its 200 day moving average is $24.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.38 and a quick ratio of 1.36.

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

In related news, VP Jebaseelan Kingsley acquired 2,000 shares of the stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $25.59 per share, for a total transaction of $51,180.00. Following the completion of the purchase, the vice president now owns 11,630 shares of the company’s stock, valued at $297,611.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ramesh Srinivasan bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $4,155,195.24. The disclosure for this purchase can be found here. 16.00% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of AGYS. Metropolitan Life Insurance Co NY raised its position in shares of Agilysys by 25.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,700 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,371 shares during the last quarter. Millennium Management LLC grew its position in Agilysys by 335.4% during the 3rd quarter. Millennium Management LLC now owns 288,690 shares of the software maker’s stock valued at $7,393,000 after purchasing an additional 222,393 shares during the last quarter. Squarepoint Ops LLC increased its stake in Agilysys by 136.2% during the 3rd quarter. Squarepoint Ops LLC now owns 64,213 shares of the software maker’s stock valued at $1,644,000 after purchasing an additional 37,029 shares in the last quarter. Barclays PLC increased its stake in Agilysys by 15.7% during the 3rd quarter. Barclays PLC now owns 23,338 shares of the software maker’s stock valued at $598,000 after purchasing an additional 3,166 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Agilysys by 18.4% during the 3rd quarter. California State Teachers Retirement System now owns 32,243 shares of the software maker’s stock valued at $826,000 after purchasing an additional 5,009 shares in the last quarter. Hedge funds and other institutional investors own 84.24% 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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