Agilysys (NASDAQ:AGYS) Receives New Coverage from Analysts at Craig Hallum

Craig Hallum initiated coverage on shares of Agilysys (NASDAQ:AGYS) in a report issued on Tuesday morning, Benzinga reports. The brokerage issued a buy rating and a $32.00 target price on the software maker’s stock.

Other equities research analysts have also issued reports about the stock. ValuEngine upgraded shares of Agilysys from a sell rating to a hold rating in a research note on Tuesday, November 5th. BidaskClub cut Agilysys from a buy rating to a hold rating in a report on Friday, November 8th. National Securities initiated coverage on Agilysys in a research note on Wednesday, October 16th. They issued a buy rating on the stock. Northland Securities reaffirmed a buy rating and issued a $32.00 price objective on shares of Agilysys in a report on Friday, October 25th. Finally, Zacks Investment Research cut Agilysys from a hold rating to a sell rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $30.75.

Shares of AGYS stock opened at $26.23 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $25.14 and a 200-day moving average price of $24.65. Agilysys has a 52 week low of $13.32 and a 52 week high of $29.29. The firm has a market capitalization of $620.58 million, a PE ratio of -46.02 and a beta of 0.25.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). Agilysys had a negative net margin of 7.99% and a negative return on equity of 12.04%. The company had revenue of $40.72 million for the quarter, compared to the consensus estimate of $38.17 million. Analysts anticipate that Agilysys will post -0.21 earnings per share for the current year.

In other Agilysys news, VP Jebaseelan Kingsley acquired 2,000 shares of the stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $25.59 per share, for a total transaction of $51,180.00. Following the purchase, the vice president now directly owns 11,630 shares of the company’s stock, valued at $297,611.70. The acquisition was disclosed in a filing with the SEC, which is available at this link. 16.00% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of AGYS. BlackRock Inc. raised its holdings in Agilysys by 7.4% in the 2nd quarter. BlackRock Inc. now owns 2,703,535 shares of the software maker’s stock worth $58,044,000 after purchasing an additional 185,201 shares during the period. Vanguard Group Inc. grew its holdings in Agilysys by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,251,824 shares of the software maker’s stock valued at $26,876,000 after purchasing an additional 53,960 shares during the period. State Street Corp increased its position in Agilysys by 16.1% in the third quarter. State Street Corp now owns 600,434 shares of the software maker’s stock worth $15,377,000 after buying an additional 83,486 shares in the last quarter. Millennium Management LLC increased its position in Agilysys by 335.4% in the third quarter. Millennium Management LLC now owns 288,690 shares of the software maker’s stock worth $7,393,000 after buying an additional 222,393 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Agilysys by 26.9% in the second quarter. Acadian Asset Management LLC now owns 269,826 shares of the software maker’s stock worth $5,794,000 after buying an additional 57,208 shares during the period. 84.24% of the stock is owned by hedge funds and other institutional investors.

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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