Agilysys (NASDAQ:AGYS) Price Target Raised to $145.00

Agilysys (NASDAQ:AGYS) had its price target hoisted by Needham & Company LLC from $125.00 to $145.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other research analysts have also recently issued reports about the company. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. BTIG Research lifted their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Craig Hallum lifted their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Oppenheimer upped their price target on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average target price of $134.80.

Agilysys Stock Performance

NASDAQ:AGYS opened at $121.19 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.39 billion, a PE ratio of 34.53 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 simple moving average is $110.04 and its 200 day simple moving average is $104.34.

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

Insider Buying and Selling at Agilysys

In other news, SVP Kyle C. Badger sold 471 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the transaction, the senior vice president now directly owns 115,117 shares of the company’s stock, valued at $11,610,700.62. The trade was a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Melvin L. Keating sold 3,280 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $122.84, for a total value of $402,915.20. Following the sale, the director now directly owns 34,407 shares of the company’s stock, valued at $4,226,555.88. This represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,023 shares of company stock valued at $4,548,979. 19.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Agilysys

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the period. SG Americas Securities LLC bought a new position in shares of Agilysys during the 2nd quarter worth about $1,847,000. UniSuper Management Pty Ltd acquired a new stake in shares of Agilysys in the 1st quarter valued at about $388,000. Price T Rowe Associates Inc. MD increased its position in Agilysys by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock valued at $33,970,000 after buying an additional 20,703 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new position in Agilysys during the 2nd quarter worth approximately $1,111,000. 88.00% of the stock is currently owned by institutional investors.

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.