Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) PT at $103.33

Agilysys, Inc. (NASDAQ:AGYS) has been given a consensus recommendation of “Buy” by the five brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $122.00.

Several equities analysts recently issued reports on AGYS shares. Craig Hallum raised their price target on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer raised their price target on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. BTIG Research raised their price target on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research note on Tuesday.

Insider Buying and Selling at Agilysys

In other news, Director Mak Capital One Llc sold 39,955 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $103.34, for a total transaction of $4,128,949.70. Following the sale, the director now owns 2,020,503 shares of the company’s stock, valued at $208,798,780.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Ramesh Srinivasan sold 50,000 shares of the firm’s stock in a transaction dated 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 owns 988,367 shares of the company’s stock, valued at $95,377,415.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mak Capital One Llc sold 39,955 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $103.34, for a total value of $4,128,949.70. Following the sale, the director now directly owns 2,020,503 shares in the company, valued at approximately $208,798,780.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 700,935 shares of company stock valued at $67,375,071. 23.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Agilysys

A number of hedge funds have recently modified their holdings of AGYS. Vanguard Group Inc. raised its position in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after buying an additional 217,008 shares during the last quarter. Wasatch Advisors LP raised its position in Agilysys by 439.5% in the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after buying an additional 820,840 shares during the last quarter. Lord Abbett & CO. LLC raised its position in Agilysys by 13.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after buying an additional 87,549 shares during the last quarter. Geneva Capital Management LLC raised its position in Agilysys by 10.6% in the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after buying an additional 65,672 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Agilysys by 159.4% in the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after buying an additional 369,780 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Performance

Shares of AGYS stock opened at $108.11 on Friday. The stock’s fifty day moving average is $100.57 and its 200-day moving average is $88.32. The stock has a market capitalization of $2.97 billion, a PE ratio of 34.21 and a beta of 0.82. Agilysys has a 52 week low of $63.78 and a 52 week high of $112.61.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $64.52 million. Agilysys had a return on equity of 13.73% and a net margin of 40.32%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. As a group, analysts forecast that Agilysys will post 0.69 earnings per share for the current fiscal year.

Agilysys Company Profile

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.