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

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $141.1667.

AGYS has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price objective on shares of Agilysys in a research report on Monday, December 15th. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Finally, BTIG Research started coverage on shares of Agilysys in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock.

Agilysys Stock Performance

NASDAQ AGYS opened at $119.45 on Friday. Agilysys has a 52-week low of $63.71 and a 52-week high of $145.25. The company has a market capitalization of $3.35 billion, a P/E ratio of 138.90 and a beta of 0.42. The company has a fifty day moving average of $124.00 and a 200-day moving average of $115.27.

Agilysys (NASDAQ:AGYS) last released its earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The business had revenue of $36.34 million for the quarter. As a group, analysts forecast that Agilysys will post 0.8 EPS for the current fiscal year.

Insider Activity

In other news, insider Chris J. Robertson sold 500 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total value of $65,670.00. Following the completion of the sale, the insider owned 687 shares of the company’s stock, valued at approximately $90,230.58. The trade was a 42.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the senior vice president owned 114,911 shares in the company, valued at approximately $14,322,507.04. The trade was a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 15,576 shares of company stock valued at $1,882,370. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new stake in Agilysys during the 2nd quarter valued at $58,993,000. Wellington Management Group LLP boosted its holdings in shares of Agilysys by 75.9% during the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after purchasing an additional 297,846 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Agilysys by 125.0% in the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 184,402 shares during the last quarter. American Century Companies Inc. increased its holdings in Agilysys by 38.7% during the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock valued at $71,955,000 after purchasing an additional 175,137 shares during the period. Finally, Invesco Ltd. raised its position in Agilysys by 28.1% during the 2nd quarter. Invesco Ltd. now owns 545,386 shares of the software maker’s stock valued at $62,523,000 after purchasing an additional 119,736 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

About Agilysys

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.