Northland Securities Issues Positive Forecast for Agilysys (NASDAQ:AGYS) Stock Price

Agilysys (NASDAQ:AGYS) had its target price upped by Northland Securities from $145.00 to $186.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the software maker’s stock.

A number of other research firms also recently weighed in on AGYS. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer raised their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC upped their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.00.

Agilysys Trading Down 0.1 %

AGYS stock opened at $130.04 on Tuesday. The firm has a market cap of $3.63 billion, a P/E ratio of 37.05 and a beta of 0.94. The business’s 50 day moving average is $127.60 and its 200-day moving average is $114.80. Agilysys has a 1-year low of $73.52 and a 1-year high of $142.64. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

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

Insider Transactions at Agilysys

In other news, CFO William David Wood III sold 588 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $26,627.04. Following the sale, the insider now owns 22,624 shares in the company, valued at $2,281,856.64. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,122 shares of company stock valued at $3,188,066. 19.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in shares of Agilysys by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after buying an additional 2,949 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after buying an additional 340,424 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Agilysys by 434.3% in the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after acquiring an additional 79,764 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Agilysys by 5.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,987 shares of the software maker’s stock valued at $2,396,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares during the period. 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.