Agilysys, Inc. (NASDAQ:AGYS) Stock Has Average Price Target of $124.60 According to Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $124.60.

AGYS has been the subject of a number of recent research reports. Piper Sandler increased their target price on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Needham & Company LLC upped their price objective on shares of Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th.

Insider Buying and Selling

In other news, CFO William Wood, III sold 6,000 shares of Agilysys stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00. Following the transaction, the chief financial officer owned 35,052 shares in the company, valued at $4,021,165.44. The trade was a 14.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kyle C. Badger sold 8,400 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total transaction of $958,104.00. Following the transaction, the senior vice president directly owned 75,037 shares in the company, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 212,812 shares of company stock valued at $23,046,675 over the last ninety days. 8.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Agilysys

A number of institutional investors have recently bought and sold shares of AGYS. MCF Advisors LLC boosted its holdings in Agilysys by 120.3% in the 2nd quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock valued at $50,000 after purchasing an additional 261 shares during the last quarter. Nine Ten Capital Management LLC grew its position in Agilysys by 0.3% in the second quarter. Nine Ten Capital Management LLC now owns 655,513 shares of the software maker’s stock worth $68,501,000 after acquiring an additional 1,922 shares during the period. Squarepoint Ops LLC increased its stake in Agilysys by 44.1% during the second quarter. Squarepoint Ops LLC now owns 10,462 shares of the software maker’s stock worth $1,093,000 after acquiring an additional 3,200 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in Agilysys during the second quarter worth $1,735,000. Finally, Nykredit A S purchased a new stake in Agilysys in the second quarter valued at $142,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Up 3.3%

AGYS opened at $100.31 on Friday. The company has a market cap of $2.83 billion, a PE ratio of 66.43 and a beta of 0.37. Agilysys has a twelve month low of $61.50 and a twelve month high of $145.25. The company has a 50-day moving average price of $108.05 and a 200 day moving average price of $91.30.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The company had revenue of $87.68 million for the quarter, compared to analysts’ expectations of $85.97 million. During the same period in the previous year, the firm posted $0.33 EPS. Agilysys’s revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that Agilysys will post 1.73 earnings per share for the current year.

Agilysys Company Profile

Agilysys, Inc develops and provides software, hardware, and services for the hospitality industry. Its solutions are designed to help hotels, resorts, casinos, cruise lines, corporate foodservice operations, universities, and healthcare organizations manage guest-facing and back-office activities.

The company’s product portfolio includes property management systems, point-of-sale platforms, inventory and procurement tools, payment solutions, guest engagement applications, and related operational software.