Agilysys (NASDAQ:AGYS) Reaches New 52-Week High – Time to Buy?

Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $140.38 and last traded at $138.04, with a volume of 10694 shares traded. The stock had previously closed at $139.22.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AGYS. Oppenheimer lifted their price target on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC upped 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 lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.80.

Agilysys Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market cap of $3.91 billion, a P/E ratio of 39.66 and a beta of 0.93. The business’s fifty day moving average is $121.63 and its 200-day moving average is $110.40.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. 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 business posted $0.25 earnings per share. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Insiders Place Their Bets

In related news, insider Chris J. Robertson sold 264 shares of the business’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 $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. The trade was a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kyle C. Badger sold 471 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the transaction, the senior vice president now owns 115,117 shares in the company, valued at approximately $11,610,700.62. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,122 shares of company stock worth $1,231,391. Company insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGYS. Lord Abbett & CO. LLC lifted its position 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 valued at $115,383,000 after purchasing an additional 340,424 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Agilysys by 434.3% during the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after acquiring an additional 79,764 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Agilysys by 5.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,987 shares of the software maker’s stock worth $2,396,000 after acquiring an additional 1,155 shares during the period. Geode Capital Management LLC increased its position in shares of Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Finally, Barclays PLC raised its stake in Agilysys by 105.2% in the 3rd quarter. Barclays PLC now owns 50,572 shares of the software maker’s stock valued at $5,512,000 after acquiring an additional 25,926 shares during the period. Institutional investors own 88.00% of the company’s stock.

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.