Agilysys’ (AGYS) “Outperform” Rating Reiterated at Northland Securities

Agilysys (NASDAQ:AGYS)‘s stock had its “outperform” rating restated by stock analysts at Northland Securities in a report issued on Tuesday, Benzinga reports. They currently have a $145.00 price target on the software maker’s stock, up from their previous price target of $132.00. Northland Securities’ target price indicates a potential upside of 47.39% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research report on Tuesday. BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday. Craig Hallum boosted their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Oppenheimer upped their price target on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $127.80.

Agilysys Trading Down 4.0 %

Shares of NASDAQ:AGYS opened at $98.38 on Tuesday. The company has a market capitalization of $2.74 billion, a PE ratio of 27.18 and a beta of 0.83. Agilysys has a 12-month low of $73.52 and a 12-month high of $125.73. The business has a 50 day moving average of $109.04 and a two-hundred day moving average of $101.70.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Equities research analysts predict that Agilysys will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the transaction, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now owns 22,888 shares of the company’s stock, valued at $2,490,901.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $3,734,810. 19.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. CWM LLC increased its position in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares during the period. Larson Financial Group LLC purchased a new stake in Agilysys in the second quarter valued at approximately $32,000. NBC Securities Inc. acquired a new stake in shares of Agilysys in the third quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after acquiring an additional 205 shares during the last quarter. 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.