Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) PT at $146.00

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $146.00.

AGYS has been the subject of a number of recent research reports. Needham & Company LLC raised their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BTIG Research increased their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research 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. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Agilysys Stock Up 2.7 %

AGYS stock opened at $130.95 on Friday. The stock has a market capitalization of $3.66 billion, a PE ratio of 37.31 and a beta of 0.94. Agilysys has a 52 week low of $73.52 and a 52 week high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $131.11 and a 200 day moving average of $116.08.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Sell-side analysts forecast that Agilysys will post 0.81 earnings per share for the current year.

Insiders Place Their Bets

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the transaction, the director now directly owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William David Wood III sold 588 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the sale, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at $4,990,451.94. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,122 shares of company stock worth $5,155,541. Company insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE raised its holdings in shares of Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after acquiring an additional 122 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Agilysys by 4.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock valued at $827,000 after purchasing an additional 312 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.