According to Zacks, “Agilysys, Inc. is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select vertical markets, including retail and hospitality. The company uses technology-including hardware, software and services-to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. “
Several other research firms have also commented on AGYS. Northland Securities reissued a buy rating and set a $40.00 target price on shares of Aridis Pharmaceuticals in a research note on Friday, March 29th. BidaskClub lowered shares of Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. Finally, Maxim Group set a $25.00 target price on shares of Agilysys and gave the company a buy rating in a research note on Friday, May 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Agilysys has an average rating of Buy and a consensus price target of $25.67.
Agilysys (NASDAQ:AGYS) last released its earnings results on Thursday, May 16th. The software maker reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). Agilysys had a negative net margin of 9.35% and a negative return on equity of 12.49%. The business had revenue of $36.62 million for the quarter, compared to analyst estimates of $36.80 million. During the same period in the prior year, the company earned ($0.06) earnings per share. Equities analysts predict that Agilysys will post -0.34 EPS for the current year.
In other news, major shareholder Bermuda One Fund Llc sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.63, for a total transaction of $149,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 496,851 shares of company stock worth $10,555,715 in the last 90 days. 16.00% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of Agilysys during the first quarter valued at approximately $192,000. Granite Investment Partners LLC acquired a new stake in shares of Agilysys during the first quarter valued at approximately $1,258,000. BNP Paribas Arbitrage SA increased its stake in Agilysys by 1,508.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock valued at $68,000 after buying an additional 3,031 shares during the period. New York State Teachers Retirement System increased its stake in Agilysys by 5.3% in the 1st quarter. New York State Teachers Retirement System now owns 49,399 shares of the software maker’s stock valued at $1,046,000 after buying an additional 2,500 shares during the period. Finally, BlackRock Inc. increased its stake in Agilysys by 1.2% in the 4th quarter. BlackRock Inc. now owns 2,569,881 shares of the software maker’s stock valued at $36,854,000 after buying an additional 30,687 shares during the period. Institutional investors and hedge funds own 78.02% of the company’s stock.
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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