Agilysys, Inc. (NASDAQ:AGYS) Receives $124.00 Consensus Target Price from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been assigned an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $124.00.

A number of equities analysts have recently issued reports on the stock. Northland Securities increased their price objective on shares of Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research note on Monday, September 16th. BTIG Research raised their target price on shares of Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 19th. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. 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.

Insider Transactions at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at $85,441,345.59. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now directly owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,000 shares of company stock worth $3,734,810. Company insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AGYS. GAMMA Investing LLC raised its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. CWM LLC increased its holdings 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 buying an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new position in Agilysys in the second quarter valued at $32,000. YHB Investment Advisors Inc. purchased a new position in Agilysys in the first quarter valued at $35,000. Finally, RiverPark Advisors LLC increased its holdings in Agilysys by 361.1% in the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock valued at $149,000 after buying an additional 1,383 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

NASDAQ AGYS opened at $108.82 on Wednesday. The firm’s 50 day moving average price is $107.08 and its 200-day moving average price is $98.32. Agilysys has a 52-week low of $63.78 and a 52-week high of $114.70. The company has a market cap of $2.99 billion, a PE ratio of 34.44 and a beta of 0.83.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm had revenue of $63.50 million for the quarter, compared to the consensus estimate of $64.52 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts forecast that Agilysys will post 0.62 earnings per share for the current fiscal year.

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.