Agilysys (NASDAQ:AGYS) Now Covered by Analysts at William Blair

William Blair started coverage on shares of Agilysys (NASDAQ:AGYS) in a research report released on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating on the software maker’s stock. William Blair also issued estimates for Agilysys’ FY2025 earnings at $0.73 EPS and FY2026 earnings at $1.04 EPS.

Other equities analysts have also issued reports about the stock. Oppenheimer boosted their target price on shares of Agilysys from $95.00 to $100.00 and gave the company an outperform rating in a report on Tuesday, May 14th. StockNews.com upgraded shares of Agilysys from a hold rating to a buy rating in a report on Monday, June 17th. Finally, Needham & Company LLC boosted their target price on shares of Agilysys from $100.00 to $125.00 and gave the company a buy rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Agilysys presently has a consensus rating of Moderate Buy and an average target price of $103.33.

Agilysys Trading Up 1.8 %

Shares of NASDAQ AGYS opened at $101.89 on Monday. Agilysys has a 12-month low of $63.08 and a 12-month high of $105.00. The stock has a market cap of $2.80 billion, a PE ratio of 32.24 and a beta of 0.78. The company has a 50-day moving average of $91.79 and a 200 day moving average of $85.18.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The company had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the same quarter in the prior year, the company earned $0.26 EPS. Agilysys’s revenue was up 17.6% compared to the same quarter last year. On average, sell-side analysts forecast that Agilysys will post 0.69 EPS for the current fiscal year.

Insider Transactions at Agilysys

In other news, CEO Ramesh Srinivasan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $96.50, for a total value of $4,825,000.00. Following the transaction, the chief executive officer now directly owns 988,367 shares in the company, valued at approximately $95,377,415.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Kyle C. Badger sold 8,948 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the sale, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ramesh Srinivasan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $96.50, for a total transaction of $4,825,000.00. Following the sale, the chief executive officer now directly owns 988,367 shares in the company, valued at $95,377,415.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 700,392 shares of company stock worth $67,319,669. 23.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Agilysys

Large investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC increased its stake in Agilysys by 53.2% during the 4th quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after buying an additional 133 shares during the period. YHB Investment Advisors Inc. purchased a new stake in Agilysys during the 1st quarter worth approximately $35,000. Pacer Advisors Inc. increased its position in shares of Agilysys by 247.6% in the 4th quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after purchasing an additional 364 shares during the last quarter. Covestor Ltd increased its position in shares of Agilysys by 99.9% in the 1st quarter. Covestor Ltd now owns 2,277 shares of the software maker’s stock valued at $192,000 after purchasing an additional 1,138 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Agilysys by 6.2% in the 1st quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after purchasing an additional 204 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.