AGYS has been the subject of a number of other reports. Maxim Group set a $25.00 target price on Agilysys and gave the company a buy rating in a research report on Friday, May 17th. Northland Securities assumed coverage on Agilysys in a research report on Friday, March 29th. They set an outperform rating and a $26.00 target price for the company. Finally, ValuEngine upgraded Agilysys from a hold rating to a buy rating in a research report on Monday, February 4th.
NASDAQ:AGYS opened at $22.33 on Monday. The firm has a market cap of $525.54 million, a PE ratio of -39.18 and a beta of 0.57. Agilysys has a fifty-two week low of $12.36 and a fifty-two week high of $22.75.
Agilysys (NASDAQ:AGYS) last released its earnings results on Thursday, May 16th. The software maker reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The company had revenue of $36.62 million for the quarter, compared to the consensus estimate of $36.80 million. Agilysys had a negative net margin of 9.35% and a negative return on equity of 12.49%. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, sell-side analysts anticipate that Agilysys will post -0.56 earnings per share for the current year.
In other news, major shareholder Bermuda One Fund Llc sold 33,200 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $22.44, for a total transaction of $745,008.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 294,151 shares of company stock valued at $5,946,671. Corporate insiders own 26.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of AGYS. Quantamental Technologies LLC acquired a new position in shares of Agilysys during the 1st quarter worth $28,000. Meeder Asset Management Inc. raised its holdings in shares of Agilysys by 88.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock worth $31,000 after buying an additional 986 shares in the last quarter. Federated Investors Inc. PA acquired a new position in shares of Agilysys during the 1st quarter worth $37,000. LS Investment Advisors LLC acquired a new position in shares of Agilysys during the 4th quarter worth $45,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Agilysys by 1,508.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock worth $68,000 after buying an additional 3,031 shares in the last quarter. 86.01% of the stock is owned by 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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