Agilysys, Inc. (NASDAQ:AGYS) Receives $116.00 Consensus Target Price from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $116.00.

A number of analysts have recently issued reports on AGYS shares. Piper Sandler started coverage on shares of Agilysys in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 price objective on the stock. Oppenheimer raised their target price on shares of Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research note on Wednesday, June 17th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Agilysys in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th.

Institutional Trading of Agilysys

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in Agilysys by 6.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock worth $153,000 after purchasing an additional 88 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Agilysys by 31.1% in the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after buying an additional 131 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Agilysys by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock valued at $597,000 after buying an additional 153 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Agilysys by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 14,326 shares of the software maker’s stock valued at $1,701,000 after buying an additional 156 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after buying an additional 159 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Trading Up 5.6%

Shares of Agilysys stock opened at $97.51 on Friday. Agilysys has a 1-year low of $61.50 and a 1-year high of $145.25. The firm’s 50-day moving average price is $78.34 and its two-hundred day moving average price is $87.35. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 71.70 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The firm had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. Agilysys’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, equities research analysts predict that Agilysys will post 1.77 EPS for the current year.

About Agilysys

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.