Agilysys, Inc. (NASDAQ:AGYS) Receives $122.00 Average Price Target from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given an average recommendation of “Buy” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $122.00.

A number of equities analysts have commented on the stock. William Blair initiated coverage on shares of Agilysys in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. BTIG Research increased their price objective on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a report on Tuesday, July 23rd. Finally, Oppenheimer raised their price target on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, July 19th.

Agilysys Stock Performance

Shares of AGYS stock opened at $108.96 on Tuesday. The stock has a 50 day moving average price of $104.05 and a 200 day moving average price of $91.68. Agilysys has a 52-week low of $63.78 and a 52-week high of $114.12. The firm has a market capitalization of $2.99 billion, a P/E ratio of 34.48 and a beta of 0.82.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share. As a group, sell-side analysts forecast that Agilysys will post 0.62 EPS for the current year.

Insider Transactions at Agilysys

In related news, SVP Kyle C. Badger sold 249 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $102.03, for a total transaction of $25,405.47. Following the sale, the senior vice president now owns 115,834 shares of the company’s stock, valued at $11,818,543.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Kyle C. Badger sold 249 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $102.03, for a total transaction of $25,405.47. Following the completion of the sale, the senior vice president now owns 115,834 shares of the company’s stock, valued at $11,818,543.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jerry C. Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were 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 owns 40,982 shares of the company’s stock, valued at $4,216,637.98. The disclosure for this sale can be found here. In the last three months, insiders sold 691,987 shares of company stock valued at $66,487,877. Corporate insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its stake in shares of Agilysys by 439.5% during the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after acquiring an additional 820,840 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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. American Century Companies Inc. grew its position in Agilysys by 1,861.4% during the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after purchasing an additional 209,836 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Agilysys during the 2nd quarter valued at approximately $21,039,000. Finally, Conestoga Capital Advisors LLC purchased a new position in shares of Agilysys in the second quarter worth $16,546,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Company Profile

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.