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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $127.50.

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

Agilysys Stock Performance

NASDAQ AGYS opened at $72.26 on Wednesday. The company has a fifty day moving average of $81.72 and a 200-day moving average of $107.79. Agilysys has a 52-week low of $70.40 and a 52-week high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The company has a market capitalization of $2.02 billion, a P/E ratio of 90.33 and a beta of 0.98.

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

Insider Transactions at Agilysys

In related news, Director John Mutch sold 750 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now owns 315,576 shares of the company’s stock, valued at $41,132,175.84. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,250 shares of company stock valued at $8,708,238 in the last three months. 19.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after acquiring an additional 180 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after buying an additional 193 shares during the last quarter. Natixis Advisors LLC increased its holdings in Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock worth $1,398,000 after buying an additional 208 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its position in Agilysys by 2.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker’s stock worth $1,225,000 after buying an additional 246 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Company Profile

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.