Agilysys (NASDAQ:AGYS) Price Target Raised to $135.00 at Oppenheimer

Agilysys (NASDAQ:AGYS) had its price target lifted by stock analysts at Oppenheimer from $120.00 to $135.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price points to a potential upside of 9.85% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BTIG Research increased their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Agilysys in a research note on Tuesday, October 29th. Northland Securities restated an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, Craig Hallum raised their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.80.

Agilysys Stock Up 3.4 %

Shares of NASDAQ:AGYS opened at $122.89 on Tuesday. The stock’s 50-day moving average price is $108.71 and its 200-day moving average price is $103.38. Agilysys has a 12-month low of $73.52 and a 12-month high of $125.73. The stock has a market capitalization of $3.43 billion, a P/E ratio of 35.01 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last announced its quarterly 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 company had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, equities analysts anticipate that Agilysys will post 0.81 earnings per share for the current year.

Insider Transactions at Agilysys

In related news, Director John Mutch sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the sale, the director now directly owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. 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 other news, Director John Mutch sold 1,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now owns 36,326 shares in the company, valued at $4,129,902.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO William David Wood III sold 588 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the sale, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,823 shares of company stock worth $3,920,368. 19.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Agilysys

A number of institutional investors and hedge funds have recently bought and sold shares of AGYS. GAMMA Investing LLC increased its holdings in Agilysys by 162.1% in the second 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 stake in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the period. Larson Financial Group LLC bought a new position in shares of Agilysys during the second quarter worth approximately $32,000. Advisors Asset Management Inc. increased its stake in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the period. Finally, NBC Securities Inc. bought a new position in Agilysys during the 3rd quarter worth $46,000. Institutional investors and hedge funds 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.