Agilysys, Inc. (NASDAQ:AGYS) Receives $127.50 Average PT from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $127.50.

Several equities analysts recently issued reports on AGYS shares. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Needham & Company LLC lowered their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Craig Hallum reduced their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Northland Securities upped their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, Oppenheimer cut their price objective on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd.

Insider Buying and Selling

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the transaction, the director now owns 330,576 shares of the company's stock, valued at $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Institutional investors have recently added to or reduced their stakes in the stock. Synergy Asset Management LLC boosted its position in shares of Agilysys by 19.1% during the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock worth $11,157,000 after acquiring an additional 13,785 shares during the last quarter. State Street Corp lifted its stake in Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker's stock worth $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock valued at $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in shares of Agilysys during the fourth quarter valued at about $315,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Down 3.3 %

Agilysys stock traded down $2.51 during mid-day trading on Wednesday, hitting $73.11. The company had a trading volume of 184,228 shares, compared to its average volume of 252,628. Agilysys has a 12 month low of $71.37 and a 12 month high of $142.64. The company has a market capitalization of $2.04 billion, a PE ratio of 91.39 and a beta of 0.98. The stock's 50 day moving average price is $83.78 and its two-hundred day moving average price is $108.16. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to analysts' expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. Agilysys's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, sell-side analysts anticipate that Agilysys will post 0.8 earnings per share for the current fiscal year.

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.