Several other brokerages also recently weighed in on AGYS. ValuEngine upgraded shares of Agilysys from a hold rating to a buy rating in a research note on Monday, February 4th. Maxim Group set a $22.00 target price on shares of Agilysys and gave the stock a buy rating in a report on Friday, January 25th. Finally, Northland Securities initiated coverage on shares of Agilysys in a report on Friday, March 29th. They set an outperform rating and a $26.00 target price for the company.
Shares of NASDAQ:AGYS opened at $19.46 on Tuesday. The company has a market cap of $457.99 million, a PE ratio of -52.59 and a beta of 0.57. Agilysys has a one year low of $11.68 and a one year high of $21.38.
Large investors have recently bought and sold shares of the business. Bessemer Group Inc. raised its stake in shares of Agilysys by 144.1% in the 4th quarter. Bessemer Group Inc. now owns 34,900 shares of the software maker’s stock valued at $500,000 after acquiring an additional 20,600 shares during the period. BlackRock Inc. increased its position in shares of Agilysys by 12.7% in the 3rd quarter. BlackRock Inc. now owns 2,539,194 shares of the software maker’s stock valued at $41,389,000 after purchasing an additional 285,526 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Agilysys by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,141,735 shares of the software maker’s stock valued at $18,610,000 after purchasing an additional 123,167 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Agilysys in the 4th quarter valued at approximately $1,406,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Agilysys by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,775,952 shares of the software maker’s stock valued at $28,948,000 after buying an additional 7,996 shares in the last quarter. Institutional investors own 85.95% of the company’s stock.
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.
Further Reading: Limitations of the P/E Growth ratio
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