Agilysys (NASDAQ:AGYS) PT Raised to $124.00

Agilysys (NASDAQ:AGYS - Free Report) had its price objective hoisted by BTIG Research from $118.00 to $124.00 in a research note released on Tuesday, Benzinga reports. BTIG Research currently has a buy rating on the software maker's stock.

Several other research firms have also recently issued reports on AGYS. Craig Hallum raised their price target on Agilysys from $105.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Oppenheimer raised their target price on Agilysys from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, July 19th. Northland Securities raised their target price on Agilysys from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Agilysys in a report on Monday, September 16th. Finally, StockNews.com upgraded Agilysys from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $127.80.

Agilysys Trading Down 8.1 %

Agilysys stock traded down $8.98 during mid-day trading on Tuesday, hitting $102.51. The stock had a trading volume of 490,641 shares, compared to its average volume of 213,895. The stock has a 50-day simple moving average of $109.17 and a two-hundred day simple moving average of $101.56. The stock has a market capitalization of $2.86 billion, a PE ratio of 29.31 and a beta of 0.83. Agilysys has a 12 month low of $73.52 and a 12 month high of $125.73.

Insider Activity

In related news, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now owns 22,888 shares of the company's stock, valued at approximately $2,490,901.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now owns 22,888 shares of the company's stock, valued at $2,490,901.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Mutch sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the transaction, the director now directly owns 36,326 shares in the company, valued at $4,129,902.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock worth $3,734,810 in the last 90 days. Corporate insiders own 19.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock valued at $26,000 after purchasing an additional 154 shares during the period. CWM LLC raised its holdings in shares of Agilysys by 390.2% during the 2nd 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. Larson Financial Group LLC acquired a new position in shares of Agilysys during the 2nd quarter worth $32,000. NBC Securities Inc. acquired a new position in shares of Agilysys during the 3rd quarter worth $46,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock worth $52,000 after buying an additional 205 shares in the last quarter. 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.