Agilysys (NASDAQ:AGYS) Price Target Raised to $145.00

Agilysys (NASDAQ:AGYS) had its price target hoisted by Needham & Company LLC from $135.00 to $145.00 in a research report report published on Tuesday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the software maker’s stock.

A number of other analysts also recently issued reports on AGYS. Piper Sandler increased their target price on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research report on Friday, October 9th. Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Finally, Oppenheimer reissued an “outperform” rating on shares of Agilysys in a research report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average target price of $141.25.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $115.86 on Tuesday. Agilysys has a 12-month low of $61.50 and a 12-month high of $134.46. The company has a market capitalization of $3.27 billion, a PE ratio of 75.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.37. The firm’s 50-day moving average is $108.45 and its two-hundred day moving average is $92.28.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. The firm had revenue of $93.36 million for the quarter, compared to analyst estimates of $90.92 million. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. Agilysys’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. On average, analysts forecast that Agilysys will post 1.75 EPS for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, CFO William Wood, III sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00. Following the sale, the chief financial officer owned 35,052 shares in the company, valued at $4,021,165.44. This represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kyle Badger sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the transaction, the senior vice president owned 75,037 shares in the company, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 212,812 shares of company stock worth $23,046,675. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Agilysys

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. lifted its stake in Agilysys by 36.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock valued at $38,000 after purchasing an additional 104 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after buying an additional 233 shares in the last quarter. Optiver Holding B.V. grew its position in Agilysys by 700.0% in the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares during the last quarter. MCF Advisors LLC grew its position in Agilysys by 120.3% in the second quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock worth $50,000 after buying an additional 261 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Agilysys in the second quarter worth approximately $85,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Company Profile

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.