Analysts Set Agilysys, Inc. (NASDAQ:AGYS) Price Target at $127.50

Agilysys, Inc. (NASDAQ:AGYS) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $127.50.

AGYS has been the topic of a number of research reports. Oppenheimer dropped their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Craig Hallum reduced their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Northland Securities upped their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reduced their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th.

Insider Activity at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the transaction, the director now directly owns 330,576 shares in the company, valued at approximately $43,156,696.80. This trade represents a 2.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mutch sold 750 shares of Agilysys stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the transaction, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Agilysys by 129.3% during the third quarter. Intech Investment Management LLC now owns 14,992 shares of the software maker’s stock worth $1,634,000 after acquiring an additional 8,453 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Agilysys by 9.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 199,006 shares of the software maker’s stock worth $21,686,000 after acquiring an additional 16,935 shares during the period. Pitcairn Co. purchased a new position in Agilysys in the third quarter worth $444,000. Finally, Loomis Sayles & Co. L P grew its stake in Agilysys by 5.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 502,422 shares of the software maker’s stock valued at $54,749,000 after purchasing an additional 25,254 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

Shares of Agilysys stock opened at $73.11 on Wednesday. The company has a market cap of $2.04 billion, a P/E ratio of 91.39 and a beta of 0.98. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $108.21. Agilysys has a 1-year low of $71.37 and a 1-year high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, analysts anticipate that Agilysys will post 0.8 EPS for the current year.

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.