Agilysys, Inc. (NASDAQ:AGYS) Receives $146.00 Average Price Target from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $146.00.

A number of equities research analysts have recently commented on the company. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer lifted their price objective on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Northland Securities increased their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC lifted their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th.

Insider Activity

In other Agilysys news, SVP Kyle C. Badger sold 471 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $130.29, for a total value of $977,175.00. Following the sale, the director now owns 293,076 shares of the company’s stock, valued at approximately $38,184,872.04. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,122 shares of company stock worth $5,155,541. 19.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after buying an additional 466,704 shares in the last quarter. Lord Abbett & CO. LLC raised its stake 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 worth $115,383,000 after acquiring an additional 340,424 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Agilysys by 1,861.4% during the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after acquiring an additional 209,836 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Agilysys in the 2nd quarter worth approximately $21,039,000. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Agilysys by 79.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker’s stock valued at $31,064,000 after purchasing an additional 126,193 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Down 4.8 %

AGYS stock opened at $128.08 on Friday. The firm has a market capitalization of $3.58 billion, a PE ratio of 36.49 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys has a twelve month low of $73.52 and a twelve month high of $142.64. The stock’s 50 day moving average is $130.08 and its 200-day moving average is $115.71.

Agilysys (NASDAQ:AGYS) last issued 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. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. Sell-side analysts expect that Agilysys will post 0.81 EPS for the current fiscal year.

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.