Oppenheimer Issues Positive Forecast for Agilysys (NASDAQ:AGYS) Stock Price

Agilysys (NASDAQ:AGYS - Free Report) had its price target lifted by Oppenheimer from $120.00 to $135.00 in a report published on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the software maker's stock.

AGYS has been the topic of a number of other research reports. StockNews.com lowered shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. BTIG Research upped their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Craig Hallum upped their price target on Agilysys from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Northland Securities reiterated an "outperform" rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Agilysys in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $130.80.

Agilysys Trading Up 0.7 %

Shares of Agilysys stock traded up $0.86 during midday trading on Tuesday, reaching $123.75. The company had a trading volume of 269,887 shares, compared to its average volume of 215,964. The stock has a fifty day moving average price of $108.71 and a 200 day moving average price of $103.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm has a market cap of $3.46 billion, a PE ratio of 35.01 and a beta of 0.85. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $125.96.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $67.54 million. During the same period in the previous year, the business earned $0.25 earnings per share. Agilysys's quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts anticipate that Agilysys will post 0.81 earnings per share for the current year.

Insider Transactions at Agilysys

In other news, Director Melvin L. Keating sold 1,920 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.55, for a total transaction of $225,696.00. Following the completion of the sale, the director now directly owns 39,587 shares of the company's stock, valued at $4,653,451.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Melvin L. Keating sold 1,920 shares of Agilysys stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.55, for a total transaction of $225,696.00. Following the sale, the director now directly owns 39,587 shares in the company, valued at $4,653,451.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the transaction, the insider now owns 22,624 shares of the company's stock, valued at approximately $2,281,856.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,743 shares of company stock worth $4,146,064 over the last quarter. 19.30% of the stock is currently owned by insiders.

Institutional Trading of Agilysys

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock worth $26,000 after purchasing an additional 154 shares in the last quarter. CWM LLC raised its holdings in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker's stock valued at $26,000 after acquiring an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Agilysys in the second quarter worth $32,000. Advisors Asset Management Inc. grew its stake in Agilysys by 117.4% in the third 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 period. Finally, NBC Securities Inc. purchased a new position in shares of Agilysys in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds 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.