Agilysys, Inc. (NASDAQ:AGYS) Stock Has Consensus Target Price of $124.60

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $124.60.

Several equities analysts recently commented on AGYS shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Oppenheimer reissued an “outperform” rating and issued a $118.00 price target on shares of Agilysys in a report on Tuesday, July 28th. Piper Sandler boosted their price target on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Needham & Company LLC upped their price target on shares of Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th.

Insiders Place Their Bets

In other news, CFO William Wood, III sold 6,000 shares of Agilysys stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares in the company, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ramesh Srinivasan sold 106,205 shares of Agilysys stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $106.62, for a total value of $11,323,577.10. Following the sale, the chief executive officer owned 635,044 shares of the company’s stock, valued at approximately $67,708,391.28. This trade represents a 14.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 212,812 shares of company stock valued at $23,046,675 in the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AGYS. Caitong International Asset Management Co. Ltd lifted its position in Agilysys by 702.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the software maker’s stock valued at $39,000 after purchasing an additional 288 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Agilysys by 123.9% in the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after buying an additional 233 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of Agilysys by 700.0% in the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of Agilysys by 120.3% in the 2nd quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock worth $50,000 after buying an additional 261 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Agilysys during the 2nd quarter valued at $85,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Trading Down 1.0%

Shares of AGYS stock opened at $99.26 on Friday. The firm’s 50 day moving average is $108.06 and its 200 day moving average is $91.35. The stock has a market capitalization of $2.80 billion, a P/E ratio of 65.74 and a beta of 0.37. Agilysys has a 12 month low of $61.50 and a 12 month high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $87.68 million during the quarter, compared to analyst estimates of $85.97 million. During the same period in the previous year, the business earned $0.33 EPS. Agilysys’s revenue was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Agilysys will post 1.73 EPS for the current year.

Agilysys Company Profile

Agilysys, Inc develops and provides software, hardware, and services for the hospitality industry. Its solutions are designed to help hotels, resorts, casinos, cruise lines, corporate foodservice operations, universities, and healthcare organizations manage guest-facing and back-office activities.

The company’s product portfolio includes property management systems, point-of-sale platforms, inventory and procurement tools, payment solutions, guest engagement applications, and related operational software.