Craig Hallum Boosts Agilysys (NASDAQ:AGYS) Price Target to $125.00

Agilysys (NASDAQ:AGYS) had its target price boosted by Craig Hallum from $105.00 to $125.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

AGYS has been the topic of several other research reports. BTIG Research raised their target price on shares of Agilysys from $95.00 to $118.00 and gave the stock a buy rating in a report on Friday, July 19th. StockNews.com downgraded shares of Agilysys from a buy rating to a hold rating in a research report on Thursday, July 4th. Needham & Company LLC reiterated a buy rating and issued a $125.00 price target on shares of Agilysys in a research report on Tuesday. Oppenheimer raised their target price on shares of Agilysys from $100.00 to $120.00 and gave the company an outperform rating in a research note on Friday, July 19th. Finally, William Blair assumed coverage on shares of Agilysys in a research note on Monday, June 24th. They set an outperform rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Agilysys currently has a consensus rating of Moderate Buy and a consensus target price of $122.00.

Agilysys Stock Up 2.5 %

Agilysys stock opened at $108.11 on Tuesday. The company has a market capitalization of $2.97 billion, a PE ratio of 34.21 and a beta of 0.82. The firm has a fifty day simple moving average of $100.57 and a two-hundred day simple moving average of $88.32. Agilysys has a twelve month low of $63.78 and a twelve month high of $112.61.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $63.50 million during the quarter, compared to the consensus estimate of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 13.73%. Agilysys’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. As a group, equities analysts expect that Agilysys will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In related news, Director Jerry C. Jones sold 10,000 shares of Agilysys stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $102.89, for a total value of $1,028,900.00. Following the completion of the transaction, the director now owns 40,982 shares in the company, valued at $4,216,637.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jerry C. Jones sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $102.89, for a total value of $1,028,900.00. Following the completion of the sale, the director now owns 40,982 shares in the company, valued at approximately $4,216,637.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mak Capital One Llc sold 116,653 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $100.12, for a total transaction of $11,679,298.36. Following the completion of the sale, the director now owns 1,903,850 shares in the company, valued at $190,613,462. The disclosure for this sale can be found here. Insiders sold a total of 700,935 shares of company stock worth $67,375,071 over the last three months. Insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AGYS. Louisiana State Employees Retirement System grew its position in shares of Agilysys by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock worth $1,062,000 after buying an additional 200 shares in the last quarter. SG Americas Securities LLC bought a new stake in Agilysys in the second quarter valued at $1,847,000. Linden Thomas Advisory Services LLC acquired a new position in shares of Agilysys during the second quarter valued at $209,000. CWM LLC increased its holdings in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.