Agilysys, Inc. (NASDAQ:AGYS) Stock Has Average Price Target of $124.60 According to Brokerages

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com 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 price target among brokers that have updated their coverage on the stock in the last year is $124.60.

Several brokerages have recently commented on AGYS. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research report on Friday, October 9th. Piper Sandler increased their price target on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Finally, Oppenheimer reissued an “outperform” rating on shares of Agilysys in a research note on Monday, October 12th.

Insiders Place Their Bets

In other Agilysys news, CFO William Wood, III sold 6,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 35,052 shares of the company’s stock, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kyle Badger sold 8,400 shares of Agilysys stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total value of $958,104.00. Following the completion of the transaction, the senior vice president owned 75,037 shares in the company, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 212,812 shares of company stock valued at $23,046,675 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Agilysys

A number of hedge funds have recently added to or reduced their stakes in AGYS. Optiver Holding B.V. increased its holdings in shares of Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Agilysys by 702.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the software maker’s stock valued at $39,000 after acquiring an additional 288 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Agilysys by 123.9% during the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after acquiring an additional 233 shares in the last quarter. MCF Advisors LLC grew its position in Agilysys by 120.3% during the 2nd quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock worth $50,000 after acquiring an additional 261 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Agilysys by 834.4% during the 3rd quarter. Sterling Capital Management LLC now owns 869 shares of the software maker’s stock worth $84,000 after acquiring an additional 776 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 0.5%

Shares of AGYS stock opened at $120.69 on Thursday. The stock has a market cap of $3.40 billion, a P/E ratio of 79.93, a price-to-earnings-growth ratio of 3.49 and a beta of 0.37. The stock has a 50 day simple moving average of $108.07 and a 200 day simple moving average of $95.42. Agilysys has a 1 year low of $61.50 and a 1 year high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $87.68 million for the quarter, compared to analyst estimates of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. Analysts forecast that Agilysys will post 1.73 EPS for the current year.

Agilysys Company Profile

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.