Agilysys (NASDAQ:AGYS) Sets New 52-Week High at $28.00

Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week high on Monday . The company traded as high as $28.00 and last traded at $27.41, with a volume of 100843 shares traded. The stock had previously closed at $27.78.

A number of equities analysts have weighed in on AGYS shares. BidaskClub raised Agilysys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Maxim Group set a $28.00 price target on Agilysys and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $26.67.

The company has a 50 day moving average price of $24.64 and a 200 day moving average price of $21.61. The firm has a market cap of $657.70 million, a price-to-earnings ratio of -48.58 and a beta of 0.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.37.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ 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. On average, research analysts forecast that Agilysys, Inc. will post -0.34 earnings per share for the current year.

In other news, CEO Ramesh Srinivasan acquired 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of $24.59 per share, for a total transaction of $270,490.00. Following the acquisition, the chief executive officer now owns 155,348 shares of the company’s stock, valued at $3,820,007.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Bermuda One Fund Llc sold 33,200 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $22.44, for a total value of $745,008.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 325,300 shares of company stock worth $7,163,895. Corporate insiders own 16.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new stake in Agilysys during the 1st quarter worth about $192,000. Granite Investment Partners LLC purchased a new stake in Agilysys during the 1st quarter worth about $1,258,000. BNP Paribas Arbitrage SA increased its holdings in 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 purchasing an additional 3,031 shares during the period. New York State Teachers Retirement System increased its holdings in Agilysys by 5.3% during the 1st quarter. New York State Teachers Retirement System now owns 49,399 shares of the software maker’s stock worth $1,046,000 after purchasing an additional 2,500 shares during the period. Finally, Albert D Mason Inc. increased its holdings in Agilysys by 9.0% during the 1st quarter. Albert D Mason Inc. now owns 25,955 shares of the software maker’s stock worth $549,000 after purchasing an additional 2,150 shares during the period. Institutional investors own 79.08% of the company’s stock.

Agilysys Company Profile (NASDAQ:AGYS)

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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