Agilysys (NASDAQ:AGYS) Reaches New 1-Year High at $105.00

Shares of Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $105.00 and last traded at $104.47, with a volume of 46509 shares changing hands. The stock had previously closed at $102.96.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Oppenheimer boosted their target price on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Needham & Company LLC lifted their price target on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, William Blair began coverage on shares of Agilysys in a research note on Monday, June 24th. They issued an “outperform” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

Agilysys Stock Down 1.9 %

The firm’s 50-day moving average price is $95.53 and its 200 day moving average price is $86.46. The company has a market capitalization of $2.82 billion, a P/E ratio of 32.49 and a beta of 0.82.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $62.22 million during the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities research analysts expect that Agilysys, Inc. will post 0.69 EPS for the current year.

Insider Transactions at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 249 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $102.03, for a total value of $25,405.47. Following the completion of the sale, the senior vice president now directly owns 115,834 shares of the company’s stock, valued at approximately $11,818,543.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $99.15, for a total value of $887,194.20. Following the completion of the sale, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kyle C. Badger sold 249 shares of the company’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 completion of the sale, the senior vice president now directly owns 115,834 shares of the company’s stock, valued at $11,818,543.02. The disclosure for this sale can be found here. Insiders sold a total of 700,935 shares of company stock valued at $67,375,071 over the last three months. Corporate insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC boosted its stake in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares during the last quarter. RiverPark Advisors LLC boosted its stake in Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after acquiring an additional 133 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in Agilysys in the first quarter valued at about $35,000. Finally, Pacer Advisors Inc. boosted its stake in Agilysys by 247.6% in the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after acquiring an additional 364 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

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.