Agilysys’ (AGYS) Outperform Rating Reiterated at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Agilysys (NASDAQ:AGYS) in a research note published on Tuesday,Benzinga reports. They currently have a $135.00 price objective on the software maker’s stock, up from their prior price objective of $118.00.

Other equities analysts have also recently issued research reports about the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Piper Sandler increased their price target on shares of Agilysys from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC raised their price target on shares of Agilysys from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research note on Friday, October 9th. Finally, UBS Group set a $145.00 price objective on Agilysys in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.25.

Agilysys Trading Up 0.6%

Shares of NASDAQ AGYS opened at $115.86 on Tuesday. The business has a fifty day simple moving average of $108.45 and a 200 day simple moving average of $92.28. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 75.74, a PEG ratio of 3.29 and a beta of 0.37. Agilysys has a one year low of $61.50 and a one year high of $134.46.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The firm had revenue of $93.36 million for the quarter, compared to the consensus estimate of $90.92 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. On average, research analysts anticipate that Agilysys will post 1.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO William Wood, III sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total value of $688,320.00. Following the sale, the chief financial officer owned 35,052 shares in the company, valued at approximately $4,021,165.44. The trade was a 14.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ramesh Srinivasan sold 106,205 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $106.62, for a total transaction of $11,323,577.10. Following the completion of the sale, the chief executive officer directly owned 635,044 shares in the company, valued at approximately $67,708,391.28. The trade was a 14.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 212,812 shares of company stock valued at $23,046,675 in the last ninety days. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Agilysys by 36.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock worth $38,000 after acquiring an additional 104 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Agilysys by 3.1% during the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker’s stock valued at $393,000 after purchasing an additional 165 shares in the last quarter. HB Wealth Management LLC increased its holdings in Agilysys by 3.4% during the 2nd quarter. HB Wealth Management LLC now owns 6,088 shares of the software maker’s stock valued at $636,000 after purchasing an additional 198 shares in the last quarter. Versant Capital Management Inc raised its position in Agilysys by 123.9% in the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 233 shares during the last quarter. Finally, MCF Advisors LLC raised its position in Agilysys by 120.3% in the 2nd quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock valued at $50,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

About Agilysys

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.