Analysts Set Agilysys, Inc. (NASDAQ:AGYS) PT at $122.00

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned a consensus rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $122.00.

AGYS has been the topic of several research analyst reports. BTIG Research increased their price target on shares of Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, July 23rd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Oppenheimer increased their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Craig Hallum increased their price target on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd.

Agilysys Stock Performance

Shares of AGYS stock opened at $101.47 on Friday. The firm’s 50-day moving average is $107.66 and its 200-day moving average is $94.45. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 32.11 and a beta of 0.83. Agilysys has a 52-week low of $63.78 and a 52-week high of $114.70.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. Agilysys’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. Sell-side analysts predict that Agilysys will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mak Capital One Llc sold 38,539 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $90.85, for a total transaction of $3,501,268.15. Following the sale, the director now owns 1,449,136 shares in the company, valued at approximately $131,654,005.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mak Capital One Llc sold 38,539 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $90.85, for a total transaction of $3,501,268.15. Following the sale, the director now owns 1,449,136 shares in the company, valued at approximately $131,654,005.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the sale, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. The disclosure for this sale can be found here. Insiders have sold a total of 180,117 shares of company stock worth $17,608,685 in the last quarter. Corporate insiders own 23.60% of the company’s stock.

Institutional Trading of Agilysys

A number of hedge funds have recently added to or reduced their stakes in AGYS. GAMMA Investing LLC boosted its position in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. CWM LLC raised its stake in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys during the second quarter valued at $32,000. YHB Investment Advisors Inc. bought a new position in shares of Agilysys during the first quarter valued at $35,000. Finally, RiverPark Advisors LLC raised its stake in shares of Agilysys by 361.1% during the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,383 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Company Profile

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.