Agilysys (NASDAQ:AGYS) Price Target Increased to $132.00 by Analysts at Northland Securities

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

Several other equities analysts also recently issued reports on AGYS. Oppenheimer lifted their price objective on Agilysys from $100.00 to $120.00 and gave the company an outperform rating in a research report on Friday, July 19th. StockNews.com cut Agilysys from a buy rating to a hold rating in a report on Thursday, July 4th. Needham & Company LLC reissued a buy rating and set a $125.00 price objective on shares of Agilysys in a report on Monday. Craig Hallum raised their price objective on shares of Agilysys from $105.00 to $125.00 and gave the company a buy rating in a research report on Tuesday, July 23rd. Finally, William Blair started coverage on shares of Agilysys in a research report on Monday, June 24th. They set an outperform rating on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $124.00.

Agilysys Stock Performance

AGYS opened at $102.92 on Monday. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 32.57 and a beta of 0.83. The firm’s 50-day simple moving average is $107.53 and its 200-day simple moving average is $95.04. Agilysys has a twelve month low of $63.78 and a twelve month high of $114.70.

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

Insider Activity

In related news, Director Mak Capital One Llc sold 61,035 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $96.43, for a total transaction 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 $125,205,387.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Mak Capital One Llc sold 61,035 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $96.43, for a total value of $5,885,605.05. Following the transaction, the director now directly owns 1,298,407 shares in the company, valued at approximately $125,205,387.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,578 shares of company stock valued at $14,107,417. 23.60% of the stock is currently owned by insiders.

Institutional Trading of Agilysys

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after acquiring an additional 217,008 shares in the last quarter. Axiom Investors LLC DE grew its position in shares of Agilysys by 421.7% in the 4th quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock valued at $4,923,000 after purchasing an additional 46,915 shares during the period. Lord Abbett & CO. LLC increased its stake in Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after purchasing an additional 87,549 shares in the last quarter. Geneva Capital Management LLC raised its holdings in Agilysys by 10.6% during the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after buying an additional 65,672 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Agilysys by 91.6% in the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock valued at $2,797,000 after buying an additional 15,870 shares in the last quarter. Institutional investors 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.