Agilysys, Inc. (NASDAQ:AGYS) Receives $127.50 Average Price Target from Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $127.50.

AGYS has been the subject of several recent analyst reports. Craig Hallum cut their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Oppenheimer cut their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC decreased their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Northland Securities lifted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, UBS Group set a $100.00 target price on Agilysys in a research note on Wednesday, March 5th.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00. Following the completion of the sale, the director now directly owns 270,576 shares in the company, valued at $35,981,196.48. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,250 shares of company stock valued at $8,708,238. Insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in shares of 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 purchasing an additional 182 shares during the period. Intech Investment Management LLC lifted its holdings in Agilysys by 129.3% in the 3rd quarter. Intech Investment Management LLC now owns 14,992 shares of the software maker’s stock worth $1,634,000 after buying an additional 8,453 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Agilysys by 9.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 199,006 shares of the software maker’s stock worth $21,686,000 after buying an additional 16,935 shares during the last quarter. Pitcairn Co. purchased a new position in shares of Agilysys during the third quarter valued at approximately $444,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Agilysys by 5.3% during the third quarter. Loomis Sayles & Co. L P now owns 502,422 shares of the software maker’s stock valued at $54,749,000 after acquiring an additional 25,254 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

Agilysys stock opened at $73.11 on Wednesday. The firm’s 50 day simple moving average is $83.78 and its 200 day simple moving average is $108.11. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Agilysys has a 1-year low of $71.37 and a 1-year high of $142.64. The firm has a market capitalization of $2.04 billion, a PE ratio of 91.39 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. As a group, analysts expect that Agilysys will post 0.8 earnings per share for the current fiscal year.

About Agilysys

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.