() released its quarterly earnings data Monday. Agilysys' return on equity was 24.08%, and its net margin was 6.34%. Revenue for the quarter was $56.10m, which is higher than analyst expectations of $55.24m. In the same quarter last year, the company earned $0.21 per share. Agilysys reported a quarterly revenue increase of 18.1% over the same period last year. Agilysys has updated its FY2024 EPS guidance.
Agilysys Stock performance
The price of the stock rose $0.74 to $69.82 during Wednesday's midday trading. The company's shares were traded at a volume of 164.896 shares, which is lower than the average. The company has a $1.77 billion market capitalization, a P/E ratio of 160.65, and a beta value of 0.88. The fifty-day moving price of the business is $69.80, and its 200 day moving price is $76.29. On Thursday, 1st June, the company sold 3,185 of its shares. The shares were bought at $74.55 on average, for a value of $237.441.75. The senior vice president owns 67.053 shares of the company valued at $4.998,801.15. SVP Kyle C. Badger, who is also a director at the company, sold 5,000 shares in a deal that took place on Monday, 12th June. The shares were sold for an average of $74.11 and a total of $370,550.00 was transacted. After the sale was completed, the senior vice-president now owns approximately $8,847.918.79 worth of shares. On Thursday, 1st June, 3,185 shares were sold. Stock was sold for $237,441.75. The average price of the stock was $74.55. The senior vice president owns approximately 4,998,801.15 worth of stock after the sale. Insiders sold 14,253 company shares worth $1,048,347 in the past 90 days. Insiders hold 23.60% the stock of their company.
Inflows of Institutional Capital and Outflows
A number of institutional investors and hedge fund have bought and sold AGYS shares recently. Hsbc Holdings PLC purchased a new Agilysys position valued at $241,000 in the first quarter. MML Investors Services LLC bought a new Agilysys position worth $240,000 in the first quarter. Rockefeller Capital Management L.P. grew its holdings in Agilysys shares by 35,587.5% during the first quarter. Rockefeller Capital Management L.P. owns 2,855 of the software maker’s stock worth $235,000, after purchasing an additional 2,847 during the period. ExodusPoint Capital Management LP acquired a new share of Agilysys during the first quarter, valued at approximately $233,000. Stifel Financial Corp also purchased shares of Agilysys during the first quarter, valued at approximately $226,000. Institutional investors own 96.56% the stock.
Analysts set new price targets
Agilysys was covered in a research report published on Thursday 18th May. They gave the stock a rating of 'buy.' Northland Securities reduced their price target on shares of Agilysys to $85.00 from $90.00 and gave the company an 'outperform rating' in a Tuesday research report. Oppenheimer cut their price target on shares of Agilysys to $85.00 from $105.00 in a Tuesday report. They also gave the stock an "outperform" rating. Craig Hallum reduced their price target on shares of Agilysys in a research report on Wednesday, 17th May from $100.00 down to $85.00. Five analysts have given the stock a buy recommendation. According to MarketBeat data, Agilysys' average rating is 'Buy,' with an $87.50 consensus price target.
Agilysys - What you need to know
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Agilysys, Inc., along with its subsidiaries, is a developer and marketer for hardware and software to the hospitality sector in North America, Europe, Asia-Pacific, India, and other regions. It provides point of sale systems, property management software, inventory management and procurement, payment processing, activity scheduling and reservations management and other solutions that enhance the guest experience.
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