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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $133.00.

A number of research analysts recently weighed in on the stock. Craig Hallum reduced their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC reduced their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Oppenheimer lowered their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd.

Insider Transactions at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the transaction, the director now directly owns 315,576 shares in the company, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 67,500 shares of company stock valued at $8,496,000. 19.30% of the stock is owned by corporate insiders.

Institutional Trading of Agilysys

A number of hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its position in Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after acquiring an additional 122 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after purchasing an additional 180 shares in the last quarter. Advisors Asset Management Inc. grew its holdings 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 valued at $37,000 after purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC raised its position in Agilysys by 109.0% in the 4th 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 period. Finally, Natixis Advisors LLC lifted its stake in Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock worth $1,398,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

NASDAQ AGYS opened at $81.61 on Friday. The company has a 50-day simple moving average of $102.86 and a 200 day simple moving average of $112.08. Agilysys has a 52-week low of $74.03 and a 52-week high of $142.64. The company has a market capitalization of $2.28 billion, a PE ratio of 102.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. On average, research 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.