Agilysys (NASDAQ:AGYS) Price Target Raised to $186.00

Agilysys (NASDAQ:AGYS) had its price objective raised by Northland Securities from $145.00 to $186.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

A number of other analysts also recently weighed in on the stock. Oppenheimer upped their price target on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.00.

Agilysys Trading Up 3.5 %

Shares of AGYS stock opened at $134.56 on Tuesday. Agilysys has a 12-month low of $73.52 and a 12-month high of $142.64. The company has a market capitalization of $3.76 billion, a PE ratio of 38.34 and a beta of 0.94. The firm has a 50 day moving average price of $129.56 and a two-hundred day moving average price of $115.29. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping 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 business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same period last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, analysts predict that Agilysys will post 0.81 earnings per share for the current year.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $26,627.04. Following the transaction, the insider now owns 22,624 shares of the company’s stock, valued at $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the sale, the director now owns 330,576 shares of the company’s stock, valued at approximately $43,156,696.80. This represents a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,122 shares of company stock valued at $3,188,066 over the last ninety days. 19.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Natixis Advisors LLC bought a new stake in shares of Agilysys in the second quarter valued at approximately $1,111,000. Rhumbline Advisers increased its position in shares of Agilysys by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock valued at $5,280,000 after purchasing an additional 2,341 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Agilysys during the second quarter worth approximately $32,000. Victory Capital Management Inc. raised its position in Agilysys by 24.5% in the 2nd quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock worth $1,997,000 after purchasing an additional 3,777 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Agilysys by 8.9% in the 2nd quarter. Arizona State Retirement System now owns 6,894 shares of the software maker’s stock valued at $718,000 after acquiring an additional 561 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

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.