Analysts Set Agilysys, Inc. (NASDAQ:AGYS) PT at $124.00

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has earned an average rating of "Buy" from the six brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $124.00.

Several equities analysts recently commented on AGYS shares. Craig Hallum boosted their price objective on shares of Agilysys from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Northland Securities increased their price target on shares of Agilysys from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. StockNews.com raised shares of Agilysys from a "hold" rating to a "buy" rating in a report on Wednesday. Oppenheimer increased their price target on shares of Agilysys from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, July 19th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Agilysys in a report on Monday, September 16th.

Agilysys Stock Down 0.7 %

NASDAQ:AGYS traded down $0.78 during mid-day trading on Friday, hitting $110.19. 149,208 shares of the stock traded hands, compared to its average volume of 212,315. The business's 50-day moving average price is $109.12 and its 200 day moving average price is $101.23. The company has a market cap of $3.03 billion, a PE ratio of 34.87 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 at Agilysys

In related news, Director John Mutch sold 1,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now owns 36,326 shares of the company's stock, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Agilysys news, Director John Mutch sold 1,000 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now owns 36,326 shares of the company's stock, valued at $4,129,902.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,000 shares of company stock valued at $3,734,810. Insiders own 23.60% of the company's stock.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently made changes to their positions in AGYS. Wasatch Advisors LP increased its position in shares of Agilysys by 439.5% during the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker's stock valued at $84,903,000 after buying an additional 820,840 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Agilysys by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 115,398 shares of the software maker's stock worth $9,723,000 after acquiring an additional 2,341 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Agilysys in the 1st quarter worth approximately $584,000. BNP Paribas Financial Markets lifted its stake in shares of Agilysys by 91.6% in the 1st quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker's stock valued at $2,797,000 after purchasing an additional 15,870 shares during the period. Finally, RiverPark Advisors LLC boosted its position in shares of Agilysys by 361.1% during the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker's stock valued at $149,000 after purchasing an additional 1,383 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

About Agilysys

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.