Agilysys (NASDAQ:AGYS) Stock Price Expected to Rise, Northland Securities Analyst Says

Agilysys (NASDAQ:AGYS - Get Free Report) had its price target lifted by stock analysts at Northland Securities from $145.00 to $186.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the software maker's stock. Northland Securities' price objective would suggest a potential upside of 43.03% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Oppenheimer upped their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. BTIG Research increased their price objective 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. Finally, Needham & Company LLC raised their price target on Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $146.00.

Agilysys Trading Down 0.1 %

NASDAQ:AGYS traded down $0.11 on Tuesday, hitting $130.04. The stock had a trading volume of 123,008 shares, compared to its average volume of 128,377. The company has a fifty day moving average price of $127.60 and a two-hundred day moving average price of $114.80. Agilysys has a 1-year low of $73.52 and a 1-year high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 37.05 and a beta of 0.94.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same period in the prior year, the business posted $0.25 earnings per share. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts expect that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In related news, Director Melvin L. Keating sold 3,280 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $122.84, for a total value of $402,915.20. Following the transaction, the director now owns 34,407 shares of the company's stock, valued at $4,226,555.88. This represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys 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 sale, the director now directly owns 330,576 shares of the company's stock, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,122 shares of company stock valued at $3,188,066. 19.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its stake in Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock worth $133,000 after buying an additional 122 shares during the last quarter. GAMMA Investing LLC boosted its stake in Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after purchasing an additional 166 shares during the period. Advisors Asset Management Inc. grew its position in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock valued at $52,000 after buying an additional 205 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in shares of Agilysys during the second quarter worth about $32,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

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.