Agilysys (NASDAQ:AGYS) Given New $118.00 Price Target at BTIG Research

Agilysys (NASDAQ:AGYS) had its price objective raised by BTIG Research from $95.00 to $118.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other brokerages have also weighed in on AGYS. Needham & Company LLC upped their target price on Agilysys from $100.00 to $125.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. StockNews.com lowered Agilysys from a buy rating to a hold rating in a research report on Thursday, July 4th. Oppenheimer upped their target price on Agilysys from $100.00 to $120.00 and gave the stock an outperform rating in a research report on Friday. Finally, William Blair started coverage on Agilysys in a report on Monday, June 24th. They set an outperform rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $112.00.

Agilysys Stock Down 1.8 %

Shares of NASDAQ AGYS opened at $107.91 on Friday. Agilysys has a 12 month low of $63.78 and a 12 month high of $110.98. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 34.15 and a beta of 0.82. The business has a fifty day simple moving average of $99.28 and a 200-day simple moving average of $87.62.

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

Insider Buying and Selling

In related news, Director Mak Capital One Llc sold 39,955 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $103.34, for a total transaction of $4,128,949.70. Following the completion of the transaction, the director now owns 2,020,503 shares in the company, valued at approximately $208,798,780.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of Agilysys stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $99.15, for a total value of $887,194.20. Following the completion of the transaction, the senior vice president now owns 166,943 shares in the company, valued at approximately $16,552,398.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mak Capital One Llc sold 39,955 shares of Agilysys stock in a transaction on Friday, May 24th. The shares were sold at an average price of $103.34, for a total value of $4,128,949.70. Following the completion of the sale, the director now directly owns 2,020,503 shares of the company’s stock, valued at $208,798,780.02. The disclosure for this sale can be found here. Insiders sold 700,935 shares of company stock worth $67,375,071 in the last 90 days. 23.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Agilysys

Institutional investors have recently made changes to their positions in the stock. Semanteon Capital Management LP acquired a new stake in shares of Agilysys during the fourth quarter worth $1,195,000. Axiom Investors LLC DE grew its stake in shares of Agilysys by 421.7% during the fourth quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock worth $4,923,000 after purchasing an additional 46,915 shares during the period. Lord Abbett & CO. LLC grew its stake 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 during the period. Geneva Capital Management LLC grew its stake in shares of Agilysys by 10.6% during the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after purchasing an additional 65,672 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Agilysys by 91.6% during the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock worth $2,797,000 after acquiring an additional 15,870 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

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.