Agilysys (NASDAQ:AGYS) Given New $132.00 Price Target at Northland Securities

Agilysys (NASDAQ:AGYS) had its price objective upped by Northland Securities from $118.00 to $132.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other research analysts have also recently commented on the stock. Craig Hallum upped their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a buy rating in a research report on Tuesday, July 23rd. BTIG Research upped their price objective on shares of Agilysys from $95.00 to $118.00 and gave the stock a buy rating in a report on Friday, July 19th. Oppenheimer increased their price objective on shares of Agilysys from $100.00 to $120.00 and gave the stock an outperform rating in a research report on Friday, July 19th. William Blair began coverage on Agilysys in a research report on Monday, June 24th. They issued an outperform rating on the stock. Finally, Needham & Company LLC restated a buy rating and set a $125.00 price target on shares of Agilysys in a research note on Monday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Agilysys has a consensus rating of Buy and a consensus price target of $124.00.

Agilysys Stock Performance

AGYS stock opened at $104.61 on Monday. Agilysys has a one year low of $63.78 and a one year high of $114.70. The firm has a market cap of $2.92 billion, a PE ratio of 33.10 and a beta of 0.83. The firm’s 50 day moving average price is $107.49 and its 200-day moving average price is $95.33.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The company had revenue of $63.50 million for the quarter, compared to the consensus estimate of $64.52 million. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities research analysts predict that Agilysys will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Agilysys news, Director Mak Capital One Llc sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $98.48, for a total value of $4,431,600.00. Following the completion of the transaction, the director now owns 1,253,407 shares of the company’s stock, valued at approximately $123,435,521.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the transaction, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at $85,441,345.59. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mak Capital One Llc sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $98.48, for a total transaction of $4,431,600.00. Following the sale, the director now owns 1,253,407 shares in the company, valued at $123,435,521.36. The disclosure for this sale can be found here. Insiders have sold a total of 80,543 shares of company stock valued at $8,221,812 in the last ninety days. Company insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. RiverPark Advisors LLC grew its stake in shares of Agilysys by 9.6% during the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after purchasing an additional 170 shares in the last quarter. CWM LLC increased its holdings in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after buying an additional 199 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Agilysys by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock valued at $1,062,000 after buying an additional 200 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Agilysys by 6.2% during the 1st quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock worth $294,000 after buying an additional 204 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

About Agilysys

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.