Agilysys (AGYS) Projected to Post Earnings on Tuesday

Agilysys (NASDAQ:AGYSGet Free Report) is expected to post its quarterly earnings results after the market closes on Tuesday, January 21st. Analysts expect Agilysys to post earnings of $0.34 per share and revenue of $73,149.20 billion for the quarter.

Agilysys (NASDAQ:AGYSGet Free Report) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, analysts expect Agilysys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Agilysys Trading Up 1.4 %

AGYS stock traded up $1.80 during trading on Wednesday, hitting $132.75. The company had a trading volume of 174,345 shares, compared to its average volume of 174,449. Agilysys has a 52-week low of $73.52 and a 52-week high of $142.64. The company has a 50 day simple moving average of $131.45 and a 200-day simple moving average of $116.19. The firm has a market capitalization of $3.71 billion, a P/E ratio of 37.82 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Insider Activity

In other news, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the sale, the insider now directly owns 22,624 shares in the company, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William David Wood III sold 588 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the transaction, the chief financial officer now owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,122 shares of company stock worth $7,099,841. 19.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AGYS shares. BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer lifted their target price on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC upped their price objective on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Read Our Latest Research Report on Agilysys

About Agilysys

(Get Free Report)

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.

See Also

Earnings History for Agilysys (NASDAQ:AGYS)

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