Agilysys (NASDAQ:AGYS) Sees Unusually-High Trading Volume – Should You Buy?

Agilysys, Inc. (NASDAQ:AGYS) shares saw unusually-strong trading volume on Friday . Approximately 291,289 shares traded hands during trading, an increase of 75% from the previous session’s volume of 166,391 shares.The stock last traded at $129.25 and had previously closed at $132.97.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer raised their target price on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Northland Securities boosted their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC raised their price target on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Agilysys Trading Down 8.4 %

The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $131.82 and a 200-day moving average price of $116.53. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 34.70 and a beta of 0.94.

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

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the transaction, the insider now owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total value of $997,350.00. Following the sale, the director now owns 270,576 shares in the company, valued at approximately $35,981,196.48. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,122 shares of company stock valued at $7,099,841 over the last ninety days. Insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake in Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after purchasing an additional 466,704 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of Agilysys by 79.4% in the third quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker’s stock worth $31,064,000 after buying an additional 126,193 shares during the period. Franklin Resources Inc. boosted its position in shares of Agilysys by 434.3% in the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock worth $11,477,000 after buying an additional 79,764 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Agilysys during the third quarter valued at $8,312,000. 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.