Analysts Set Agilysys, Inc. (NASDAQ:AGYS) Price Target at $124.00

Agilysys, Inc. (NASDAQ:AGYS) has earned an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $127.80.

A number of equities analysts recently commented on AGYS shares. BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday. Craig Hallum lifted their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Northland Securities reiterated an “outperform” rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a report on Tuesday. Oppenheimer lifted their target price on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Agilysys Trading Down 8.1 %

Shares of AGYS stock opened at $102.51 on Friday. The business’s 50-day moving average price is $109.17 and its 200-day moving average price is $101.56. Agilysys has a 12 month low of $73.52 and a 12 month high of $125.73. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 29.31 and a beta of 0.83.

Insiders Place Their Bets

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the transaction, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction 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 directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now owns 22,888 shares in the company, valued at approximately $2,490,901.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $3,734,810. Insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Agilysys by 162.1% in 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 last quarter. CWM LLC increased its position 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 purchasing an additional 199 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys during the 2nd quarter valued at about $32,000. NBC Securities Inc. bought a new position in shares of Agilysys during the 3rd quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

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.