Agilysys, Inc. (NASDAQ:AGYS) Receives $138.00 Average Price Target from Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been given an average rating of “Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is $138.00.

A number of brokerages have weighed in on AGYS. Oppenheimer lowered their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Needham & Company LLC dropped their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. BTIG Research raised their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th.

Insider Activity

In related news, CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $250,598.70. Following the transaction, the chief financial officer now owns 47,609 shares of the company’s stock, valued at $6,380,082.09. The trade was a 3.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $979,125.00. Following the completion of the sale, the director now directly owns 330,576 shares of the company’s stock, valued at $43,156,696.80. The trade was a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,599 shares of company stock worth $8,913,222 over the last three months. 19.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after acquiring an additional 166 shares during the last quarter. NBC Securities Inc. bought a new stake in Agilysys during the third quarter worth $46,000. Harbor Investment Advisory LLC boosted its position in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew 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 period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Trading Down 1.5 %

AGYS opened at $85.56 on Tuesday. Agilysys has a twelve month low of $74.03 and a twelve month high of $142.64. The company has a fifty day moving average of $121.72 and a 200-day moving average of $115.41. The stock has a market cap of $2.39 billion, a PE ratio of 106.95 and a beta of 0.93. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, sell-side analysts predict that Agilysys will post 0.8 EPS for the current year.

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.