Agilysys (NASDAQ:AGYS) Announces Earnings Results, Beats Estimates By $0.04 EPS

Agilysys (NASDAQ:AGYS) announced its quarterly earnings data on Tuesday. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04, RTT News reports. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73,149.20 billion. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share.

Agilysys Price Performance

NASDAQ AGYS traded up $4.09 on Tuesday, reaching $125.90. 669,762 shares of the stock traded hands, compared to its average volume of 253,100. Agilysys has a 12 month low of $74.03 and a 12 month high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $131.80 and its 200 day simple moving average is $116.74. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 35.87 and a beta of 0.94.

Insider Activity

In other news, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This trade represents a 1.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kyle C. Badger sold 471 shares of Agilysys stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the transaction, the senior vice president now owns 115,117 shares in the company, valued at $11,610,700.62. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,122 shares of company stock worth $7,099,841 over the last 90 days. 19.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AGYS has been the subject of several recent research reports. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Oppenheimer boosted their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and a consensus target price of $146.00.

About Agilysys

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.