Agilysys, Inc. (NASDAQ:AGYS) Stock Has Consensus Target Price of $124.60

Agilysys, Inc. (NASDAQ:AGYS) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $124.60.

Several equities analysts have issued reports on the stock. UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Needham & Company LLC lifted their price target on shares of Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research cut shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Piper Sandler increased their price objective on Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th.

Agilysys Trading Down 0.8%

Shares of AGYS stock opened at $96.34 on Friday. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 63.80 and a beta of 0.38. The business’s 50-day moving average price is $107.94 and its 200-day moving average price is $90.88. Agilysys has a 12 month low of $61.50 and a 12 month high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. On average, sell-side analysts predict that Agilysys will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO William Wood, III sold 6,000 shares of Agilysys stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the transaction, the chief financial officer directly owned 35,052 shares of the company’s stock, valued at $4,021,165.44. The trade was a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ramesh Srinivasan sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $108.15, for a total value of $2,703,750.00. Following the completion of the sale, the chief executive officer owned 610,044 shares in the company, valued at $65,976,258.60. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 212,812 shares of company stock worth $23,046,675. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Agilysys in the 2nd quarter valued at $431,704,000. Capital Research Global Investors bought a new position in Agilysys during the fourth quarter worth $104,878,000. William Blair Investment Management LLC bought a new position in Agilysys during the second quarter worth $45,312,000. Wasatch Advisors LP lifted its holdings in Agilysys by 33.0% in the first quarter. Wasatch Advisors LP now owns 953,730 shares of the software maker’s stock valued at $67,848,000 after buying an additional 236,373 shares during the period. Finally, Deutsche Bank AG acquired a new position in Agilysys in the second quarter valued at $21,593,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc develops and provides hospitality software and technology solutions for hotels, resorts, casinos, cruise lines, corporate foodservice operations, universities and other hospitality-focused organizations. Its offerings are designed to help businesses manage guest experiences, property operations and back-office processes.

The company’s product portfolio includes property management systems, point-of-sale solutions, inventory and procurement software, workforce management tools, guest engagement applications, payment solutions and related services.