Agilysys, Inc. (NASDAQ:AGYS) Receives $134.80 Consensus Price Target from Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $134.80.

Several research firms recently commented on AGYS. Needham & Company LLC upped their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BTIG Research increased 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. Northland Securities restated an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, Oppenheimer raised their price objective on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

Agilysys Trading Up 4.2 %

Shares of NASDAQ:AGYS opened at $137.48 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The stock’s 50-day moving average is $112.71 and its 200-day moving average is $105.81. The company has a market cap of $3.84 billion, a P/E ratio of 39.17 and a beta of 0.85. Agilysys has a 52-week low of $73.52 and a 52-week high of $138.19.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts predict that Agilysys will post 0.81 earnings per share for the current year.

Insider Activity

In other Agilysys news, insider Chris J. Robertson sold 264 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 transaction of $26,627.04. Following the completion of the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mutch sold 1,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the completion of the sale, the director now owns 36,326 shares in the company, valued at $4,129,902.94. This represents a 2.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,023 shares of company stock worth $4,548,979. Corporate insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares in the last quarter. CWM LLC increased its holdings in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Agilysys during the 2nd quarter valued at $32,000. Advisors Asset Management Inc. raised its position in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in Agilysys in the third quarter worth $46,000. 88.00% of the stock is owned by institutional investors.

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.