Agilysys, Inc. (NASDAQ:AGYS) Receives $137.80 Consensus Target Price from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $137.80.

A number of research firms have commented on AGYS. Oppenheimer upped their price objective on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Northland Securities reiterated an "outperform" rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. BTIG Research increased their target price on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Finally, StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st.

Insider Activity at Agilysys

In other Agilysys news, Director Melvin L. Keating sold 3,280 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total value of $402,915.20. Following the completion of the sale, the director now directly owns 34,407 shares of the company's stock, valued at $4,226,555.88. The trade was a 8.70 % 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, insider Chris J. Robertson sold 729 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $97,693.29. Following the transaction, the insider now directly owns 21,895 shares in the company, valued at $2,934,148.95. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,122 shares of company stock valued at $1,231,391. Insiders own 19.30% of the company's stock.

Institutional Investors Weigh In On Agilysys

Several hedge funds have recently modified their holdings of the business. Eagle Asset Management Inc. lifted its position in Agilysys by 59.1% in the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker's stock worth $16,959,000 after purchasing an additional 53,026 shares during the period. Natixis Advisors LLC acquired a new position in Agilysys during the 2nd quarter worth about $1,111,000. Seven Eight Capital LP bought a new stake in Agilysys during the 2nd quarter worth about $580,000. William Blair Investment Management LLC acquired a new stake in Agilysys in the 2nd quarter valued at about $21,039,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Agilysys by 159.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,399 shares of the software maker's stock worth $1,083,000 after acquiring an additional 6,387 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Price Performance

NASDAQ AGYS traded up $6.29 on Monday, reaching $139.22. 336,781 shares of the stock traded hands, compared to its average volume of 216,006. Agilysys has a 12 month low of $73.52 and a 12 month high of $139.99. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 37.87 and a beta of 0.93. The firm's fifty day simple moving average is $120.96 and its 200 day simple moving average is $110.08. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $68.30 million for the quarter, compared to analysts' expectations of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm's revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. As a group, research analysts predict that Agilysys will post 0.81 EPS for the current fiscal year.

Agilysys Company Profile

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.