Agilysys (NASDAQ:AGYS) Price Target Raised to $132.00 at Northland Securities

Agilysys (NASDAQ:AGYS) had its price target hoisted by Northland Securities from $118.00 to $132.00 in a research report released on Monday, Benzinga reports. Northland Securities currently has an outperform rating on the software maker’s stock.

A number of other brokerages have also recently weighed in on AGYS. StockNews.com cut Agilysys from a buy rating to a hold rating in a research note on Thursday, July 4th. Oppenheimer upped their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an outperform rating in a research report on Friday, July 19th. William Blair started coverage on shares of Agilysys in a research report on Monday, June 24th. They set an outperform rating on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $125.00 target price on shares of Agilysys in a report on Monday. Finally, Craig Hallum increased their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a buy rating in a research note on Tuesday, July 23rd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $124.00.

Agilysys Trading Up 3.3 %

Shares of Agilysys stock opened at $104.61 on Monday. The company has a fifty day simple moving average of $107.49 and a 200-day simple moving average of $95.33. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 33.10 and a beta of 0.83. Agilysys has a 12-month low of $63.78 and a 12-month high of $114.70.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The company had revenue of $63.50 million for the quarter, compared to analyst estimates of $64.52 million. During the same quarter last year, the company posted $0.18 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that Agilysys will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now directly owns 738,367 shares in the company, valued at $75,335,585.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the transaction, the chief executive officer now owns 738,367 shares in the company, valued at $75,335,585.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mak Capital One Llc sold 45,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $98.48, for a total value of $4,431,600.00. Following the completion of the sale, the director now directly owns 1,253,407 shares of the company’s stock, valued at approximately $123,435,521.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,543 shares of company stock worth $8,221,812. Company insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGYS. Charles Schwab Investment Management Inc. grew its holdings in shares of Agilysys by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,864 shares of the software maker’s stock worth $14,323,000 after acquiring an additional 3,997 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Agilysys in the fourth quarter valued at $589,000. Trexquant Investment LP increased its position in shares of Agilysys by 181.3% in the fourth quarter. Trexquant Investment LP now owns 19,080 shares of the software maker’s stock valued at $1,618,000 after buying an additional 12,297 shares in the last quarter. Evoke Wealth LLC purchased a new position in shares of Agilysys in the fourth quarter valued at $448,000. Finally, Axiom Investors LLC DE raised its stake in shares of Agilysys by 421.7% during the 4th quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock worth $4,923,000 after buying an additional 46,915 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.