Agilysys (NASDAQ:AGYS) Sets New 52-Week High - What's Next?

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $140.38 and last traded at $138.04, with a volume of 10694 shares trading hands. The stock had previously closed at $139.22.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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 report on Tuesday, October 29th. StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Northland Securities reissued an "outperform" rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Oppenheimer lifted their target price on Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.80.

Agilysys Trading Up 1.8 %

The company has a market cap of $3.96 billion, a price-to-earnings ratio of 39.66 and a beta of 0.93. The company's 50 day moving average price is $121.63 and its 200 day moving average price is $110.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $68.30 million during 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 business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Research analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.

Insiders Place Their Bets

In related news, CFO William David Wood III sold 588 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the transaction, the chief financial officer now owns 49,479 shares of the company's stock, valued at approximately $4,990,451.94. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chris J. Robertson sold 729 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were 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 of the company's stock, valued at $2,934,148.95. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,122 shares of company stock valued at $1,231,391 over the last 90 days. 19.30% of the stock is currently owned by company insiders.

Institutional Trading of Agilysys

A number of institutional investors and hedge funds have recently modified their holdings of AGYS. CWM LLC boosted its stake in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after buying an additional 199 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Agilysys by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker's stock worth $1,062,000 after purchasing an additional 200 shares in the last quarter. RiverPark Advisors LLC lifted its stake in Agilysys by 9.6% during the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker's stock worth $202,000 after purchasing an additional 170 shares during the period. Conestoga Capital Advisors LLC acquired a new stake in Agilysys during the second quarter valued at approximately $16,546,000. Finally, HB Wealth Management LLC bought a new stake in shares of Agilysys in the 2nd quarter valued at approximately $567,000. 88.00% of the stock is currently owned by institutional investors.

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.