Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) PT at $141.17

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $145.40.

A number of research analysts have commented on AGYS shares. BTIG Research initiated coverage on Agilysys in a research report on Tuesday, December 16th. They issued a “neutral” rating for the company. Oppenheimer raised their price objective on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. UBS Group reissued a “buy” rating on shares of Agilysys in a report on Monday, December 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price target on shares of Agilysys in a report on Monday, December 15th.

Insider Buying and Selling

In related news, SVP Kyle C. Badger sold 502 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $62,569.28. Following the sale, the senior vice president owned 114,911 shares of the company’s stock, valued at approximately $14,322,507.04. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William David Wood III sold 6,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $115.55, for a total value of $693,300.00. Following the transaction, the chief financial officer owned 41,288 shares of the company’s stock, valued at approximately $4,770,828.40. The trade was a 12.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,576 shares of company stock valued at $1,882,370 over the last 90 days. 8.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in shares of Agilysys by 6.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock worth $153,000 after buying an additional 88 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Agilysys by 5.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,853 shares of the software maker’s stock worth $195,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC raised its position in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after acquiring an additional 92 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Agilysys by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after acquiring an additional 94 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Agilysys by 14.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock valued at $90,000 after purchasing an additional 97 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Price Performance

Shares of AGYS stock opened at $109.82 on Tuesday. The firm has a fifty day moving average of $120.51 and a two-hundred day moving average of $115.49. The firm has a market cap of $3.08 billion, a P/E ratio of 127.70 and a beta of 0.43. Agilysys has a 1-year low of $63.71 and a 1-year high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 27th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $79.30 million for the quarter, compared to analyst estimates of $76.87 million. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. On average, sell-side analysts expect that Agilysys will post 0.8 EPS for the current year.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.