National Securities assumed coverage on shares of Agilysys (NASDAQ:AGYS) in a research report sent to investors on Wednesday morning, The Fly reports. The brokerage issued a buy rating on the software maker’s stock.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Agilysys from a buy rating to a hold rating in a research report on Wednesday, September 25th. BidaskClub lowered Agilysys from a strong-buy rating to a buy rating in a research report on Tuesday. Maxim Group set a $28.00 target price on Agilysys and gave the stock a buy rating in a research report on Friday, July 26th. Finally, ValuEngine lowered Agilysys from a hold rating to a sell rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average target price of $30.33.
Shares of NASDAQ AGYS traded up $0.43 during midday trading on Wednesday, hitting $26.40. 7,929 shares of the company’s stock were exchanged, compared to its average volume of 177,538. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.34. Agilysys has a twelve month low of $13.32 and a twelve month high of $28.50. The company has a market cap of $630.00 million, a PE ratio of -46.37 and a beta of 0.27. The firm’s fifty day simple moving average is $26.51 and its 200-day simple moving average is $23.36.
Agilysys (NASDAQ:AGYS) last issued its earnings results on Thursday, July 25th. The software maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. Agilysys had a negative return on equity of 12.64% and a negative net margin of 8.95%. The business had revenue of $38.39 million for the quarter, compared to analyst estimates of $37.92 million. Equities analysts anticipate that Agilysys will post -0.15 EPS for the current fiscal year.
In other news, VP Jebaseelan Kingsley purchased 2,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were bought at an average price of $25.59 per share, with a total value of $51,180.00. Following the completion of the transaction, the vice president now directly owns 11,630 shares in the company, valued at approximately $297,611.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ramesh Srinivasan purchased 11,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were purchased at an average cost of $24.59 per share, for a total transaction of $270,490.00. Following the transaction, the chief executive officer now owns 155,348 shares of the company’s stock, valued at $3,820,007.32. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 23,000 shares of company stock worth $572,970. 16.00% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in Agilysys by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 212,662 shares of the software maker’s stock worth $4,566,000 after buying an additional 12,670 shares during the period. Algert Global LLC increased its position in Agilysys by 18.4% during the second quarter. Algert Global LLC now owns 36,646 shares of the software maker’s stock worth $787,000 after buying an additional 5,708 shares during the period. JPMorgan Chase & Co. increased its position in Agilysys by 125.8% during the second quarter. JPMorgan Chase & Co. now owns 22,407 shares of the software maker’s stock worth $479,000 after buying an additional 12,484 shares during the period. Acadian Asset Management LLC increased its position in Agilysys by 26.9% during the second quarter. Acadian Asset Management LLC now owns 269,826 shares of the software maker’s stock worth $5,794,000 after buying an additional 57,208 shares during the period. Finally, Cortina Asset Management LLC increased its position in Agilysys by 74.8% during the second quarter. Cortina Asset Management LLC now owns 202,734 shares of the software maker’s stock worth $4,353,000 after buying an additional 86,730 shares during the period. 79.61% of the stock is currently 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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