Agilysys, Inc. (NASDAQ:AGYS) Receives $146.00 Average PT from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $146.00.

A number of research firms have weighed in on AGYS. Northland Securities upped their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Oppenheimer increased their price target on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. BTIG Research increased their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC raised their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

Agilysys Price Performance

Shares of Agilysys stock opened at $132.97 on Friday. The stock’s 50-day simple moving average is $131.76 and its 200-day simple moving average is $116.31. Agilysys has a 52 week low of $73.52 and a 52 week high of $142.64. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 37.88 and a beta of 0.94. 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 posted its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. As a group, analysts expect that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In related news, Director John Mutch sold 500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the sale, the director now owns 34,654 shares of the company’s stock, valued at $4,777,400.44. This represents a 1.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the business’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 transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,122 shares of company stock worth $7,099,841. 19.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Large investors have recently made changes to their positions in the company. Eagle Asset Management Inc. grew its position in Agilysys by 59.1% in the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after acquiring an additional 53,026 shares in the last quarter. State Street Corp boosted its holdings in Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares during the period. Geode Capital Management LLC raised its stake in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Agilysys in the 2nd quarter valued at $580,000. Finally, Natixis Advisors LLC acquired a new stake in shares of Agilysys during the 2nd quarter worth about $1,111,000. 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.