Agilysys (NASDAQ:AGYS) Price Target Raised to $124.00

Agilysys (NASDAQ:AGYS) had its price objective boosted by BTIG Research from $118.00 to $124.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research firms have also issued reports on AGYS. Craig Hallum upped their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Oppenheimer upped their target price on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a report on Monday, September 16th. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Northland Securities upped their target price on shares of Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $127.80.

Agilysys Price Performance

Agilysys stock opened at $102.39 on Tuesday. Agilysys has a 52 week low of $73.52 and a 52 week high of $125.73. The company has a quick ratio of 2.34, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $108.50 and its 200 day simple moving average is $101.81. The firm has a market capitalization of $2.86 billion, a PE ratio of 29.17 and a beta of 0.83.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Agilysys will post 0.62 EPS for the current fiscal year.

Insider Activity

In related news, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the sale, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the sale, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the sale, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at approximately $75,335,585.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $3,734,810 in the last 90 days. 19.30% of the stock is currently owned by insiders.

Institutional Trading of Agilysys

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Agilysys by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after acquiring an additional 2,949 shares during the period. Olympiad Research LP boosted its holdings in Agilysys by 69.7% in the 3rd quarter. Olympiad Research LP now owns 7,268 shares of the software maker’s stock worth $792,000 after acquiring an additional 2,985 shares during the period. Amalgamated Bank boosted its holdings in Agilysys by 5.3% in the 3rd quarter. Amalgamated Bank now owns 6,496 shares of the software maker’s stock worth $708,000 after acquiring an additional 325 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in Agilysys by 79.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker’s stock worth $31,064,000 after acquiring an additional 126,193 shares during the period. Finally, Oak Ridge Investments LLC purchased a new position in Agilysys in the 3rd quarter worth approximately $3,112,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.