Agilysys (NASDAQ:AGYS) Price Target Raised to $124.00

Agilysys (NASDAQ:AGYS) had its price objective boosted by BTIG Research from $118.00 to $124.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

AGYS has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Monday, September 16th. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Craig Hallum increased their price target on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Northland Securities boosted their price objective on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Oppenheimer increased their target price on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.80.

Agilysys Price Performance

Shares of Agilysys stock opened at $100.04 on Tuesday. The firm has a market cap of $2.80 billion, a PE ratio of 28.50 and a beta of 0.83. Agilysys has a 1 year low of $73.52 and a 1 year high of $125.73. The stock has a fifty day moving average price of $108.66 and a 200-day moving average price of $101.67.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. As a group, equities analysts anticipate that Agilysys will post 0.62 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, 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 sale, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now directly 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 have sold 35,000 shares of company stock valued at $3,734,810. 19.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Agilysys

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 154 shares in the last quarter. CWM LLC lifted its position in Agilysys by 390.2% during 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 last quarter. Larson Financial Group LLC bought a new stake in Agilysys during the second quarter valued at approximately $32,000. NBC Securities Inc. purchased a new position in Agilysys in the 3rd quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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.