Agilysys (NASDAQ:AGYS) Stock Price Expected to Rise, Northland Securities Analyst Says

Agilysys (NASDAQ:AGYS) had its target price boosted by equities researchers at Northland Securities from $145.00 to $186.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Northland Securities’ target price suggests a potential upside of 38.23% from the company’s current price.

A number of other analysts also recently commented on the company. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BTIG Research upped their target price on 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 upped their target price on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Oppenheimer upped their target price on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $146.00.

Agilysys Stock Up 3.5 %

Shares of AGYS stock opened at $134.56 on Tuesday. The stock’s 50-day simple moving average is $128.15 and its 200-day simple moving average is $115.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market capitalization of $3.76 billion, a PE ratio of 38.34 and a beta of 0.94. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $142.64.

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

Insiders Place Their Bets

In other Agilysys news, insider Chris J. Robertson sold 264 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $26,627.04. Following the transaction, the insider now owns 22,624 shares in the company, valued at approximately $2,281,856.64. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,122 shares of company stock worth $3,188,066. 19.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Agilysys by 2.6% during the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock valued at $12,630,000 after acquiring an additional 2,949 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after acquiring an additional 340,424 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Agilysys by 434.3% during the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after acquiring an additional 79,764 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Agilysys by 5.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,987 shares of the software maker’s stock valued at $2,396,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Institutional investors and hedge funds 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.