Agilysys (NASDAQ:AGYS) Hits New 12-Month High – Should You Buy?

Agilysys, Inc. (NASDAQ:AGYS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $140.38 and last traded at $138.04, with a volume of 10694 shares traded. The stock had previously closed at $139.22.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AGYS shares. Oppenheimer increased their price target on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Northland Securities reissued an “outperform” rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Needham & Company LLC lifted their price objective on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, BTIG Research upped their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and a consensus price target of $137.80.

Agilysys Price Performance

The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 36.81 and a beta of 0.93. The stock’s 50-day moving average price is $122.64 and its 200 day moving average price is $110.85. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same period last year, the business earned $0.25 earnings per share. Agilysys’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 471 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $47,505.06. Following the transaction, the senior vice president now owns 115,117 shares in the company, valued at $11,610,700.62. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at $2,281,856.64. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,122 shares of company stock valued at $1,231,391 in the last ninety days. Insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

A number of institutional investors have recently bought and sold shares of AGYS. US Bancorp DE grew its position in shares of Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC raised its holdings in Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after acquiring an additional 166 shares during the period. RiverPark Advisors LLC grew its position in Agilysys by 9.6% during the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after buying an additional 170 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares during the period. Finally, CWM LLC raised its holdings in shares of Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.