Agilysys (NASDAQ:AGYS) Announces Earnings Results

Agilysys (NASDAQ:AGYS) released its quarterly earnings results on Tuesday. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04, RTT News reports. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73,149.20 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year.

Agilysys Stock Up 3.4 %

Shares of AGYS stock traded up $4.09 during trading hours on Tuesday, hitting $125.90. 671,548 shares of the company were exchanged, compared to its average volume of 253,455. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 35.87 and a beta of 0.94. Agilysys has a one year low of $74.03 and a one year high of $142.64. The business’s 50-day simple moving average is $131.80 and its two-hundred day simple moving average is $116.74.

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 729 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $97,693.29. Following the sale, the insider now directly owns 21,895 shares in the company, valued at approximately $2,934,148.95. This represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now owns 34,654 shares of the company’s stock, valued at $4,777,400.44. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,122 shares of company stock valued at $7,099,841 in the last quarter. Insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AGYS. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC boosted 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. BTIG Research increased their price objective 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 upped their price target on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Northland Securities increased their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and a consensus target price of $146.00.

Agilysys Company Profile

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.