Northland Securities Raises Agilysys (NASDAQ:AGYS) Price Target to $132.00

Agilysys (NASDAQ:AGYS) had its target price lifted by Northland Securities from $118.00 to $132.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

Other analysts have also recently issued research reports about the stock. William Blair started coverage on shares of Agilysys in a research note on Monday, June 24th. They issued an outperform rating for the company. StockNews.com lowered Agilysys from a buy rating to a hold rating in a report on Thursday, July 4th. Oppenheimer increased their target price on Agilysys from $100.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, July 19th. Craig Hallum lifted their price target on Agilysys from $105.00 to $125.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. Finally, BTIG Research increased their price objective on Agilysys from $95.00 to $118.00 and gave the stock a buy rating in a research report on Friday, July 19th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and an average target price of $124.00.

Agilysys Stock Down 2.1 %

AGYS opened at $101.31 on Monday. Agilysys has a 52 week low of $63.78 and a 52 week high of $114.70. The business’s 50 day moving average is $107.48 and its two-hundred day moving average is $95.27. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 32.06 and a beta of 0.83.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business 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%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. Equities analysts expect that Agilysys will post 0.62 EPS for the current fiscal year.

Insider Activity at Agilysys

In related news, Director Mak Capital One Llc sold 61,035 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $96.43, for a total value of $5,885,605.05. Following the completion of the transaction, the director now owns 1,298,407 shares of the company’s stock, valued at approximately $125,205,387.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Agilysys news, Director Mak Capital One Llc sold 61,035 shares of Agilysys stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $96.43, for a total value of $5,885,605.05. Following the completion of the sale, the director now directly owns 1,298,407 shares of the company’s stock, valued at approximately $125,205,387.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the transaction, the chief executive officer now owns 738,367 shares of the company’s stock, valued at $75,335,585.01. The disclosure for this sale can be found here. Insiders have sold a total of 141,578 shares of company stock valued at $14,107,417 over the last quarter. 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 lifted its holdings in shares of Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares during the period. CWM LLC grew its stake in shares of 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 buying an additional 199 shares during the period. Larson Financial Group LLC purchased a new position in shares of Agilysys in the 2nd quarter worth $32,000. YHB Investment Advisors Inc. purchased a new position in shares of Agilysys in the 1st quarter worth $35,000. Finally, RiverPark Advisors LLC grew its position in 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 period. 88.00% of the stock is owned by institutional investors and hedge funds.

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.