Agilysys (NASDAQ:AGYS) Given New $135.00 Price Target at Oppenheimer

Agilysys (NASDAQ:AGYS) had its target price upped by Oppenheimer from $120.00 to $135.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

A number of other research analysts have also weighed in on AGYS. Northland Securities reissued an “outperform” rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Craig Hallum boosted their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Agilysys in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.80.

Agilysys Stock Down 3.3 %

NASDAQ:AGYS opened at $120.84 on Tuesday. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 34.43 and a beta of 0.85. Agilysys has a twelve month low of $73.52 and a twelve month high of $128.61. The stock’s 50 day moving average price is $109.41 and its two-hundred day moving average price is $103.81. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities research analysts expect that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In other news, CFO William David Wood III sold 588 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the completion of the sale, the chief financial officer now directly owns 49,479 shares in the company, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. This represents a 14.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,023 shares of company stock worth $4,548,979 in the last ninety days. 19.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Agilysys

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Agilysys by 162.1% during 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 increased its position 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 buying an additional 199 shares during the last quarter. Larson Financial Group LLC bought a new stake in Agilysys in the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. raised its position in shares of Agilysys by 117.4% in the third 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 period. Finally, NBC Securities Inc. bought a new stake in Agilysys during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.