Agilysys (NASDAQ:AGYS) Price Target Raised to $150.00 at Oppenheimer

Agilysys (NASDAQ:AGYS) had its price target upped by equities research analysts at Oppenheimer from $135.00 to $150.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective would suggest a potential upside of 12.24% from the stock’s current price.

Several other research firms also recently commented on AGYS. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, Needham & Company LLC boosted their target price 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. One research 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.80.

Agilysys Stock Up 0.5 %

NASDAQ:AGYS opened at $133.64 on Tuesday. The company has a market cap of $3.74 billion, a PE ratio of 38.07 and a beta of 0.93. Agilysys has a twelve month low of $73.52 and a twelve month high of $139.99. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $117.44 and its two-hundred day moving average is $108.54.

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

Insiders Place Their Bets

In other news, SVP Kyle C. Badger sold 471 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the sale, the senior vice president now directly owns 115,117 shares in the company, valued at $11,610,700.62. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris J. Robertson sold 264 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This trade represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,122 shares of company stock worth $2,251,691. Company insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of hedge funds have recently modified their holdings of AGYS. CWM LLC grew its holdings in shares of Agilysys by 390.2% in the second 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 period. GAMMA Investing LLC boosted its stake in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares during the period. Larson Financial Group LLC purchased a new position in Agilysys during the second quarter worth about $32,000. Advisors Asset Management Inc. boosted its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the period. Finally, NBC Securities Inc. purchased a new position in Agilysys during the third quarter worth about $46,000. Hedge funds and other 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.