Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given an average rating of “Hold” by the ten analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.20.

AGYS has been the topic of several recent research reports. BTIG Research initiated coverage on shares of Agilysys in a report on Thursday, April 16th. They set a “neutral” rating on the stock. Craig Hallum decreased their price objective on shares of Agilysys from $40.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. BidaskClub raised shares of Agilysys from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. TheStreet cut shares of Agilysys from a “c-” rating to a “d” rating in a research note on Thursday, May 21st. Finally, ValuEngine raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Friday, April 3rd.

Shares of AGYS traded up $0.90 during mid-day trading on Thursday, hitting $20.13. 312,100 shares of the company’s stock were exchanged, compared to its average volume of 261,718. Agilysys has a 52 week low of $12.61 and a 52 week high of $37.17. The stock’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $24.15. The firm has a market cap of $454.92 million, a price-to-earnings ratio of -13.61 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Thursday, May 21st. The software maker reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.17. Agilysys had a negative net margin of 21.19% and a negative return on equity of 37.13%. The company had revenue of $39.66 million for the quarter, compared to analysts’ expectations of $40.28 million. Analysts forecast that Agilysys will post -0.49 earnings per share for the current fiscal year.

In related news, Director Dana Sue Jones bought 2,810 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price of $14.29 per share, with a total value of $40,154.90. Following the completion of the purchase, the director now owns 31,088 shares in the company, valued at approximately $444,247.52. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ramesh Srinivasan bought 10,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of $17.36 per share, for a total transaction of $173,600.00. Following the purchase, 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. Insiders own 16.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AGYS. William Blair Investment Management LLC lifted its holdings in shares of Agilysys by 14.5% during the fourth quarter. William Blair Investment Management LLC now owns 996,171 shares of the software maker’s stock worth $25,313,000 after purchasing an additional 126,107 shares during the period. State Street Corp lifted its holdings in shares of Agilysys by 8.2% during the first quarter. State Street Corp now owns 744,046 shares of the software maker’s stock worth $12,426,000 after purchasing an additional 56,444 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Agilysys by 10.2% during the first quarter. Acadian Asset Management LLC now owns 669,947 shares of the software maker’s stock worth $11,188,000 after purchasing an additional 61,837 shares during the period. Nine Ten Capital Management LLC lifted its holdings in shares of Agilysys by 570.3% during the first quarter. Nine Ten Capital Management LLC now owns 591,108 shares of the software maker’s stock worth $9,872,000 after purchasing an additional 502,917 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Agilysys by 0.6% during the fourth quarter. Renaissance Technologies LLC now owns 559,752 shares of the software maker’s stock worth $14,223,000 after purchasing an additional 3,352 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Agilysys (NASDAQ:AGYS)

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