Agilysys (NASDAQ:AGYS) Stock Price Expected to Rise, Northland Securities Analyst Says

Agilysys (NASDAQ:AGYS) had its target price boosted by equities researchers at Northland Securities from $145.00 to $186.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Northland Securities’ price target points to a potential upside of 42.91% from the stock’s current price.

AGYS has been the topic of several other research reports. Oppenheimer raised their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BTIG Research raised their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Needham & Company LLC raised their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $146.00.

Agilysys Trading Down 2.3 %

Shares of AGYS stock opened at $130.15 on Tuesday. The firm has a market cap of $3.64 billion, a P/E ratio of 37.08 and a beta of 0.94. Agilysys has a 1-year low of $73.52 and a 1-year high of $142.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm’s 50-day simple moving average is $127.23 and its 200-day simple moving average is $114.55.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. As a group, equities analysts forecast that Agilysys will post 0.81 EPS for the current year.

Insider Transactions at Agilysys

In other news, CFO William David Wood III sold 588 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the completion of the sale, the chief financial officer now owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the sale, the director now directly owns 330,576 shares of the company’s stock, valued at $43,156,696.80. The trade was a 2.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,122 shares of company stock valued at $3,188,066. 19.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC boosted its holdings in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the period. Advisors Asset Management Inc. lifted its stake in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in Agilysys in the second quarter valued at $32,000. 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.