Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) PT at $103.33

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given an average rating of “Buy” by the five ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $122.00.

A number of equities analysts have commented on AGYS shares. William Blair started coverage on shares of Agilysys in a report on Monday, June 24th. They issued an “outperform” rating for the company. Oppenheimer lifted their price objective on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. BTIG Research lifted their price objective on shares of Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a report on Tuesday. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th.

Insider Activity

In other news, SVP Kyle C. Badger sold 8,948 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the transaction, the senior vice president now owns 166,943 shares of the company’s stock, valued at $16,552,398.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Kyle C. Badger sold 8,948 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the transaction, the senior vice president now owns 166,943 shares of the company’s stock, valued at $16,552,398.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jerry C. Jones sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $102.89, for a total transaction of $1,028,900.00. Following the completion of the sale, the director now directly owns 40,982 shares of the company’s stock, valued at approximately $4,216,637.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 700,935 shares of company stock valued at $67,375,071. 23.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Agilysys

Several institutional investors have recently bought and sold shares of AGYS. GAMMA Investing LLC lifted its holdings in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the period. CWM LLC lifted its holdings in Agilysys by 390.2% in 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. YHB Investment Advisors Inc. acquired a new stake in Agilysys in the first quarter worth about $35,000. Pacer Advisors Inc. lifted its holdings in Agilysys by 247.6% in the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock worth $43,000 after purchasing an additional 364 shares during the period. Finally, RiverPark Advisors LLC raised its position in Agilysys by 361.1% in the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after acquiring an additional 1,383 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 2.5 %

Shares of NASDAQ:AGYS opened at $108.11 on Friday. The company has a fifty day simple moving average of $100.57 and a 200 day simple moving average of $88.32. The firm has a market cap of $2.97 billion, a PE ratio of 34.21 and a beta of 0.82. Agilysys has a 12-month low of $63.78 and a 12-month high of $112.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 13.73%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, equities research analysts forecast that Agilysys will post 0.69 EPS for the current fiscal year.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.