Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) PT at $134.80

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $134.80.

Several analysts have weighed in on the company. Northland Securities reissued an “outperform” rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research boosted their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their price objective on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer increased their price target on Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Agilysys Stock Performance

Shares of Agilysys stock opened at $137.48 on Thursday. The firm has a market cap of $3.84 billion, a P/E ratio of 39.17 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $112.71 and a 200 day simple moving average of $105.81. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $138.19.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same period last year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts predict that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In related news, 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 completion of the sale, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. This represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the transaction, the insider now owns 22,888 shares of the company’s stock, valued at $2,490,901.04. This trade represents a 14.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,023 shares of company stock valued at $4,548,979 over the last three months. 19.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Agilysys in the 2nd quarter valued at approximately $1,847,000. UniSuper Management Pty Ltd bought a new stake in Agilysys in the 1st quarter valued at approximately $388,000. Price T Rowe Associates Inc. MD boosted its position in Agilysys by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock worth $33,970,000 after acquiring an additional 20,703 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in Agilysys by 59.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after acquiring an additional 53,026 shares during the last quarter. 88.00% of the stock is 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.