Agilysys (NASDAQ:AGYS) Given New $124.00 Price Target at BTIG Research

Agilysys (NASDAQ:AGYS) had its target price lifted by BTIG Research from $118.00 to $124.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

A number of other research firms have also commented on AGYS. Craig Hallum boosted their price target on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Oppenheimer boosted their target price on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Northland Securities lifted their price objective on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Agilysys in a report on Monday, September 16th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $127.80.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $102.51 on Tuesday. The business has a fifty day moving average of $109.17 and a two-hundred day moving average of $101.56. Agilysys has a 52-week low of $73.52 and a 52-week high of $125.73. The stock has a market cap of $2.86 billion, a PE ratio of 28.32 and a beta of 0.83.

Insider Buying and Selling

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now owns 22,888 shares of the company’s stock, valued at $2,490,901.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the transaction, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $3,734,810 in the last quarter. Insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Several large investors have recently bought and sold shares of AGYS. GAMMA Investing LLC raised its position in shares of Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC grew its stake in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the period. Larson Financial Group LLC bought a new stake in Agilysys in the second quarter valued at about $32,000. NBC Securities Inc. acquired a new position in Agilysys in the third quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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.