Agilysys (NASDAQ:AGYS) Given “Outperform” Rating at Northland Securities

Northland Securities reissued their outperform rating on shares of Agilysys (NASDAQ:AGYS) in a report released on Tuesday, Benzinga reports. Northland Securities currently has a $145.00 price target on the software maker’s stock, up from their prior price target of $132.00.

AGYS has been the topic of a number of other research reports. Oppenheimer increased their price objective 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. StockNews.com raised Agilysys from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday. Craig Hallum upped their price objective on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research report on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $127.80.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $102.51 on Tuesday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 28.32 and a beta of 0.83. The business has a 50-day simple moving average of $109.17 and a two-hundred day simple moving average of $101.56. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $125.73.

Insider Buying and Selling

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the sale, the chief executive officer now owns 738,367 shares of the company’s stock, valued at approximately $75,335,585.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John Mutch sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now directly owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,000 shares of company stock valued at $3,734,810. 19.30% of the stock is owned by company insiders.

Institutional Trading of Agilysys

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after buying an additional 217,008 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Agilysys by 1,861.4% in the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock valued at $23,026,000 after acquiring an additional 209,836 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Agilysys in the second quarter worth about $21,039,000. Conestoga Capital Advisors LLC bought a new position in shares of Agilysys in the second quarter worth about $16,546,000. Finally, Lord Abbett & CO. LLC grew its position in shares of 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 in 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.