Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has earned a consensus recommendation of "Buy" from the six analysts that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $134.80.
AGYS has been the topic of a number of recent research reports. Needham & Company LLC upped their price target on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Oppenheimer upped their price objective on shares of Agilysys from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. BTIG Research lifted their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. StockNews.com lowered shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th.
Check Out Our Latest Analysis on AGYS
Insider Activity at Agilysys
In related news, CFO William David Wood III sold 588 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the sale, the chief financial officer now owns 49,479 shares in the company, valued at approximately $4,990,451.94. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ramesh Srinivasan sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares of the company's stock, valued at approximately $85,441,345.59. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,023 shares of company stock valued at $4,548,979. Corporate insiders own 19.30% of the company's stock.
Institutional Trading of Agilysys
A number of large investors have recently modified their holdings of the business. FMR LLC grew its stake in Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker's stock worth $55,105,000 after buying an additional 466,704 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker's stock valued at $166,530,000 after buying an additional 217,008 shares in the last quarter. American Century Companies Inc. lifted its position in Agilysys by 1,861.4% in the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker's stock worth $23,026,000 after buying an additional 209,836 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Agilysys in the second quarter worth approximately $21,039,000. Finally, Conestoga Capital Advisors LLC bought a new position in shares of Agilysys during the 2nd quarter valued at $16,546,000. Institutional investors own 88.00% of the company's stock.
Agilysys Stock Performance
Shares of AGYS stock opened at $125.78 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 35.83 and a beta of 0.85. Agilysys has a 52 week low of $73.52 and a 52 week high of $128.61. The firm's 50-day simple moving average is $110.92 and its two-hundred day simple moving average is $105.08.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS 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 for the quarter, compared to analysts' expectations of $67.54 million. During the same quarter in the previous year, the firm posted $0.25 EPS. Agilysys's revenue was up 16.6% on a year-over-year basis. As a group, equities analysts forecast that Agilysys will post 0.81 earnings per share for the current year.
About Agilysys
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Get Free ReportAgilysys, 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.
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