Agilysys (NASDAQ:AGYS) Announces Earnings Results

Agilysys (NASDAQ:AGYS) released its quarterly earnings data on Monday. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04, Briefing.com reports. The firm had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share.

Agilysys Stock Down 3.7 %

AGYS traded down $3.83 on Wednesday, hitting $98.68. 42,430 shares of the company traded hands, compared to its average volume of 213,146. The stock has a market capitalization of $2.75 billion, a PE ratio of 28.32 and a beta of 0.83. The company has a 50 day moving average of $109.04 and a 200-day moving average of $101.70. Agilysys has a 12-month low of $73.52 and a 12-month high of $125.73.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BTIG Research increased their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Agilysys in a report on Tuesday. Oppenheimer boosted their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $127.80.

Insider Activity

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares in the company, valued at $85,441,345.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock valued at $3,734,810 in the last three months. 19.30% of the stock is currently owned by company insiders.

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.