Agilysys (NASDAQ:AGYS) Given New $145.00 Price Target at Needham & Company LLC

Agilysys (NASDAQ:AGYS) had its price target lifted by research analysts at Needham & Company LLC from $125.00 to $145.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target would suggest a potential upside of 19.99% from the company’s current price.

Several other research firms have also recently issued reports on AGYS. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Securities restated an “outperform” rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Craig Hallum increased their target price on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Oppenheimer boosted their price target on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.80.

Agilysys Stock Down 3.3 %

Agilysys stock opened at $120.84 on Friday. The business’s 50-day simple moving average is $109.41 and its two-hundred day simple moving average is $103.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a market cap of $3.38 billion, a PE ratio of 34.43 and a beta of 0.85. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $128.61.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. Equities analysts anticipate that Agilysys will post 0.81 EPS for the current year.

Insider Buying and Selling

In related news, SVP Kyle C. Badger sold 471 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $47,505.06. Following the completion of the sale, the senior vice president now directly owns 115,117 shares of the company’s stock, valued at approximately $11,610,700.62. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Melvin L. Keating sold 3,280 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $122.84, for a total transaction of $402,915.20. Following the completion of the transaction, the director now owns 34,407 shares in the company, valued at approximately $4,226,555.88. This represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,023 shares of company stock worth $4,548,979. 19.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Agilysys

Hedge funds have recently bought and sold shares of the stock. Swiss National Bank raised its stake in Agilysys by 1.1% during the 1st quarter. Swiss National Bank now owns 45,500 shares of the software maker’s stock worth $3,834,000 after acquiring an additional 500 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Agilysys by 6.1% in the first quarter. Sei Investments Co. now owns 41,437 shares of the software maker’s stock valued at $3,492,000 after buying an additional 2,394 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Agilysys by 23.4% during the 1st quarter. Russell Investments Group Ltd. now owns 16,803 shares of the software maker’s stock worth $1,416,000 after purchasing an additional 3,183 shares during the period. ProShare Advisors LLC increased its holdings in shares of Agilysys by 8.2% in the 1st quarter. ProShare Advisors LLC now owns 4,077 shares of the software maker’s stock valued at $344,000 after purchasing an additional 309 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Agilysys by 31.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 7,531 shares of the software maker’s stock valued at $621,000 after purchasing an additional 1,800 shares during the period. 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.