Craig Hallum Boosts Agilysys (NASDAQ:AGYS) Price Target to $125.00

Agilysys (NASDAQ:AGYS) had its price target increased by Craig Hallum from $105.00 to $125.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Agilysys from a buy rating to a hold rating in a research note on Thursday, July 4th. William Blair initiated coverage on Agilysys in a research report on Monday, June 24th. They set an outperform rating for the company. Oppenheimer lifted their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an outperform rating in a research note on Friday, July 19th. BTIG Research upped their price target on shares of Agilysys from $95.00 to $118.00 and gave the company a buy rating in a report on Friday, July 19th. 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $122.00.

Agilysys Stock Up 2.5 %

Shares of AGYS stock opened at $108.11 on Tuesday. Agilysys has a twelve month low of $63.78 and a twelve month high of $112.61. The company has a market cap of $2.97 billion, a P/E ratio of 34.21 and a beta of 0.82. The business has a fifty day simple moving average of $100.57 and a 200 day simple moving average of $88.32.

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

Insider Buying and Selling at Agilysys

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

Hedge Funds Weigh In On Agilysys

Institutional investors have recently modified their holdings of the company. Wasatch Advisors LP grew its position in shares of Agilysys by 439.5% in the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after buying an additional 820,840 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Agilysys by 12.3% in the 1st 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 in the last quarter. Geneva Capital Management LLC grew its holdings in shares of Agilysys by 19.9% in the fourth quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock worth $52,619,000 after acquiring an additional 102,939 shares during the period. Lord Abbett & CO. LLC grew its holdings in shares of Agilysys by 13.8% in the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after acquiring an additional 87,549 shares during the period. Finally, Brown Capital Management LLC bought a new stake in Agilysys during the first quarter valued at about $6,054,000. 88.00% of the stock is currently owned by institutional investors.

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.