Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) Target Price at $116.00

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $116.00.

AGYS has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Agilysys in a research report on Tuesday, May 19th. UBS Group set a $110.00 price objective on Agilysys in a research report on Wednesday, June 3rd. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research report on Wednesday, June 17th. Finally, Weiss Ratings upgraded Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently bought and sold shares of AGYS. Caitong International Asset Management Co. Ltd increased its position in Agilysys by 419.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after buying an additional 172 shares during the last quarter. Optiver Holding B.V. grew its position in Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Agilysys during the fourth quarter worth about $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Agilysys during the third quarter worth about $43,000. Finally, Advisors Asset Management Inc. grew its position in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Price Performance

Shares of AGYS stock opened at $86.37 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 63.51 and a beta of 0.41. Agilysys has a 12-month low of $61.50 and a 12-month high of $145.25. The business has a 50 day simple moving average of $77.15 and a 200 day simple moving average of $87.79.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $82.95 million during the quarter, compared to the consensus estimate of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, equities analysts anticipate that Agilysys will post 1.77 EPS for the current fiscal year.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.