Agilysys (NASDAQ:AGYS) Hits New 1-Year High at $105.00

Agilysys, Inc. (NASDAQ:AGYS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $105.00 and last traded at $104.47, with a volume of 46509 shares traded. The stock had previously closed at $102.96.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AGYS. Needham & Company LLC raised their price target on shares of Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. William Blair began coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Finally, Oppenheimer lifted 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.33.

Agilysys Trading Down 1.9 %

The company has a market cap of $2.82 billion, a PE ratio of 32.49 and a beta of 0.82. The firm’s fifty day moving average is $95.53 and its 200 day moving average is $86.46.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $61.95 million. During the same quarter in the previous year, the company posted $0.26 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Kyle C. Badger sold 8,948 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the transaction, the senior vice president now owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Agilysys news, Director Jerry C. Jones sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $102.89, for a total value of $1,028,900.00. Following the transaction, the director now owns 40,982 shares of the company’s stock, valued at $4,216,637.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kyle C. Badger sold 8,948 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the transaction, the senior vice president now directly owns 166,943 shares in the company, valued at approximately $16,552,398.45. The disclosure for this sale can be found here. Insiders have sold a total of 700,935 shares of company stock valued at $67,375,071 in the last 90 days. 23.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AGYS. Wasatch Advisors LP lifted its position in Agilysys by 439.5% in the first 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. Wellington Management Group LLP increased its stake in Agilysys by 159.4% during the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after purchasing an additional 369,780 shares during the period. Vanguard Group Inc. increased its stake in Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the period. Geneva Capital Management LLC increased its stake in Agilysys by 19.9% during the fourth quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock worth $52,619,000 after purchasing an additional 102,939 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Agilysys by 13.8% during the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after purchasing an additional 87,549 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.