Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) Price Target at $141.40

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $141.40.

AGYS has been the subject of several recent analyst reports. BTIG Research initiated coverage on Agilysys in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, January 21st. Needham & Company LLC lowered their target price on Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th.

Insider Activity at Agilysys

In related news, Director Melvin L. Keating purchased 300 shares of Agilysys stock in a transaction dated Tuesday, February 3rd. The shares were acquired at an average price of $83.62 per share, with a total value of $25,086.00. Following the completion of the transaction, the director owned 35,007 shares of the company’s stock, valued at approximately $2,927,285.34. This trade represents a 0.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 1,000 shares of company stock worth $77,669 over the last quarter. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in shares of Agilysys by 671.2% during the fourth quarter. SG Americas Securities LLC now owns 19,009 shares of the software maker’s stock worth $2,259,000 after purchasing an additional 16,544 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Agilysys by 14.6% during the third quarter. Principal Financial Group Inc. now owns 461,482 shares of the software maker’s stock worth $48,571,000 after purchasing an additional 58,691 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Agilysys by 2.3% during the third quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock worth $67,802,000 after purchasing an additional 14,308 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of Agilysys by 13.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 205,857 shares of the software maker’s stock worth $21,666,000 after purchasing an additional 23,791 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Agilysys by 3.3% during the third quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker’s stock worth $250,063,000 after purchasing an additional 76,886 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of Agilysys stock opened at $68.58 on Friday. The business has a 50-day moving average of $76.31 and a 200-day moving average of $103.14. The company has a market capitalization of $1.93 billion, a PE ratio of 64.09 and a beta of 0.43. Agilysys has a 1-year low of $63.71 and a 1-year high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The business had revenue of $80.39 million for the quarter, compared to analyst estimates of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, equities analysts expect that Agilysys will post 0.8 earnings per share for the current fiscal year.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.