Agilysys (NASDAQ:AGYS) Upgraded by ValuEngine to Buy

Agilysys (NASDAQ:AGYS) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday, February 4th.

Several other research firms also recently commented on AGYS. BidaskClub downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Maxim Group set a $22.00 target price on Agilysys and gave the stock a “buy” rating in a research report on Friday, January 25th.

Shares of Agilysys stock traded down $0.21 during midday trading on Monday, hitting $20.69. 55,324 shares of the company were exchanged, compared to its average volume of 133,051. Agilysys has a 52 week low of $10.88 and a 52 week high of $21.38.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Thursday, January 24th. The software maker reported ($0.18) EPS for the quarter. The company had revenue of $36.01 million for the quarter. Agilysys had a negative return on equity of 9.12% and a negative net margin of 7.18%.

In other Agilysys news, CEO Ramesh Srinivasan acquired 20,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was purchased at an average price of $18.40 per share, for a total transaction of $368,000.00. Following the transaction, the chief executive officer now owns 118,601 shares in the company, valued at approximately $2,182,258.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith M. Kolerus sold 5,000 shares of Agilysys stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $19.88, for a total value of $99,400.00. Following the completion of the transaction, the director now owns 143,930 shares of the company’s stock, valued at approximately $2,861,328.40. The disclosure for this sale can be found here. Insiders have sold a total of 7,922 shares of company stock valued at $151,607 in the last 90 days. 26.80% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in AGYS. Meeder Asset Management Inc. raised its position in shares of Agilysys by 88.4% during the fourth quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock worth $31,000 after acquiring an additional 986 shares during the last quarter. LS Investment Advisors LLC bought a new stake in shares of Agilysys during the fourth quarter worth $45,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Agilysys during the fourth quarter worth $72,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Agilysys during the fourth quarter worth $76,000. Finally, State of Alaska Department of Revenue raised its position in shares of Agilysys by 18.5% during the fourth quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock worth $84,000 after acquiring an additional 918 shares during the last quarter. Institutional investors own 87.83% 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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