Agilysys’ (AGYS) “Buy” Rating Reiterated at Needham & Company LLC

Agilysys (NASDAQ:AGYS)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a research report issued on Monday, Benzinga reports. They presently have a $125.00 price objective on the software maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 22.35% from the company’s current price.

AGYS has been the topic of a number of other reports. BTIG Research boosted their price target on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Oppenheimer lifted their target price on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. William Blair initiated coverage on Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, Craig Hallum lifted their target price on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Agilysys Trading Up 1.1 %

AGYS stock opened at $102.17 on Monday. The business’s 50-day moving average price is $107.58 and its two-hundred day moving average price is $94.87. The firm has a market cap of $2.80 billion, a PE ratio of 32.33 and a beta of 0.83. Agilysys has a 1-year low of $63.78 and a 1-year high of $114.70.

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

Insider Activity at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now owns 738,367 shares of the company’s stock, valued at $75,335,585.01. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now owns 738,367 shares of the company’s stock, valued at $75,335,585.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mak Capital One Llc sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $98.48, for a total value of $4,431,600.00. Following the transaction, the director now directly owns 1,253,407 shares in the company, valued at approximately $123,435,521.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,578 shares of company stock valued at $14,107,417. 23.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Agilysys

A number of institutional investors have recently bought and sold shares of AGYS. Vanguard Group Inc. increased its stake in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the period. Axiom Investors LLC DE lifted its holdings 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 buying an additional 46,915 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings 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 buying an additional 87,549 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of Agilysys by 10.6% in the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after acquiring an additional 65,672 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Agilysys by 91.6% in the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock valued at $2,797,000 after acquiring an additional 15,870 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Company Profile

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.