Agilysys, Inc. (NASDAQ:AGYS) Receives $146.00 Consensus PT from Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has received a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $146.00.

AGYS has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Northland Securities boosted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

Agilysys Price Performance

Shares of Agilysys stock opened at $128.08 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys has a one year low of $73.52 and a one year high of $142.64. The business’s 50 day simple moving average is $130.08 and its two-hundred day simple moving average is $115.71. The stock has a market capitalization of $3.58 billion, a P/E ratio of 36.49 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last announced its quarterly 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 net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter in the prior year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts forecast that Agilysys will post 0.81 EPS for the current year.

Insider Buying and Selling at Agilysys

In other news, CFO William David Wood III sold 588 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the sale, the chief financial officer now owns 49,479 shares in the company, valued at $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $130.29, for a total value of $977,175.00. Following the completion of the transaction, the director now directly owns 293,076 shares in the company, valued at $38,184,872.04. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,122 shares of company stock worth $5,155,541. 19.30% of the stock is owned by insiders.

Institutional Trading of Agilysys

Large investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC boosted its stake in shares of Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after buying an additional 166 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the period. Exchange Traded Concepts LLC increased its position in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after acquiring an additional 205 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Agilysys by 4.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock valued at $827,000 after acquiring an additional 312 shares during the period. 88.00% of the stock is currently 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.