Agilysys (NASDAQ:AGYS) Price Target Raised to $140.00

Agilysys (NASDAQ:AGYS) had its price objective lifted by Piper Sandler from $120.00 to $140.00 in a report issued on Tuesday morning, Marketbeat.com reports. The firm currently has an overweight rating on the software maker’s stock.

Several other analysts have also recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research note on Friday, October 9th. Needham & Company LLC raised their price objective on Agilysys from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Agilysys in a research report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average target price of $141.25.

Agilysys Trading Up 0.6%

Agilysys stock opened at $115.86 on Tuesday. The firm has a 50 day moving average of $108.45 and a 200 day moving average of $92.28. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 75.74, a P/E/G ratio of 3.29 and a beta of 0.37. Agilysys has a 12-month low of $61.50 and a 12-month high of $134.46.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 26th. The software maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12. Agilysys had a return on equity of 12.98% and a net margin of 12.88%. The business had revenue of $93.36 million for the quarter, compared to analysts’ expectations of $90.92 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 17.7% on a year-over-year basis. On average, analysts predict that Agilysys will post 1.75 EPS for the current year.

Insider Transactions at Agilysys

In other 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 transaction of $688,320.00. Following the transaction, the chief financial officer owned 35,052 shares in the company, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joe Youssef sold 1,002 shares of Agilysys stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $114.64, for a total value of $114,869.28. Following the completion of the sale, the insider owned 19,045 shares of the company’s stock, valued at $2,183,318.80. The trade was a 5.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 212,812 shares of company stock valued at $23,046,675. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. increased its position in Agilysys by 700.0% during the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after purchasing an additional 399 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Agilysys by 36.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock worth $38,000 after purchasing an additional 104 shares during the period. Versant Capital Management Inc lifted its position in shares of Agilysys by 123.9% in the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after purchasing an additional 233 shares during the period. MCF Advisors LLC lifted its position in shares of Agilysys by 120.3% in the 2nd quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock worth $50,000 after purchasing an additional 261 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Agilysys by 834.4% during the third quarter. Sterling Capital Management LLC now owns 869 shares of the software maker’s stock valued at $84,000 after purchasing an additional 776 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

About Agilysys

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.