Agilysys, Inc. (NASDAQ:AGYS) Receives $124.60 Average Target Price from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $124.60.

Several research firms have issued reports on AGYS. Needham & Company LLC lifted their price target on shares of Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. UBS Group set a $110.00 target price on Agilysys in a report on Wednesday, June 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $118.00 target price on shares of Agilysys in a report on Tuesday, July 28th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th.

Insider Activity

In other news, CEO Ramesh Srinivasan sold 25,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $108.15, for a total value of $2,703,750.00. Following the completion of the sale, the chief executive officer owned 610,044 shares in the company, valued at $65,976,258.60. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kyle C. Badger sold 8,400 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total value of $958,104.00. Following the completion of the sale, the senior vice president directly owned 75,037 shares of the company’s stock, valued at approximately $8,558,720.22. This trade represents a 10.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 212,812 shares of company stock worth $23,046,675 in the last quarter. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Several hedge funds have recently bought and sold shares of AGYS. ProShare Advisors LLC grew its stake in Agilysys by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock valued at $597,000 after acquiring an additional 153 shares in the last quarter. Advisors Asset Management Inc. grew its position in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Agilysys by 3.1% in the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker’s stock valued at $393,000 after buying an additional 165 shares during the period. NewEdge Advisors LLC lifted its position in Agilysys by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker’s stock worth $469,000 after buying an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Agilysys by 419.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after acquiring an additional 172 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Down 3.0%

NASDAQ:AGYS opened at $108.03 on Wednesday. The business’s 50-day moving average price is $109.75 and its 200 day moving average price is $88.04. Agilysys has a 52-week low of $61.50 and a 52-week high of $145.25. The firm has a market cap of $3.05 billion, a P/E ratio of 71.54 and a beta of 0.38.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $87.68 million during the quarter, compared to analyst estimates of $85.97 million. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Sell-side analysts expect that Agilysys will post 1.73 EPS for the current year.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.