Analysts Set Agilysys, Inc. (NASDAQ:AGYS) Target Price at $141.40

Agilysys, Inc. (NASDAQ:AGYS) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $141.40.

Several research firms recently weighed in on AGYS. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. BTIG Research assumed coverage on Agilysys in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Needham & Company LLC dropped their price objective on Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th.

Agilysys Price Performance

Agilysys stock opened at $68.49 on Wednesday. Agilysys has a one year low of $63.71 and a one year high of $145.25. The company’s fifty day moving average price is $90.61 and its two-hundred day moving average price is $107.67. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 64.01 and a beta of 0.36.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The company had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.Agilysys’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. As a group, sell-side analysts anticipate that Agilysys will post 0.8 earnings per share for the current year.

Insider Activity

In related news, Director Melvin L. Keating bought 300 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were acquired at an average price of $83.62 per share, with a total value of $25,086.00. Following the completion of the transaction, the director owned 35,007 shares of the company’s stock, valued at $2,927,285.34. The trade was a 0.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors bought a new stake in shares of Agilysys in the fourth quarter valued at about $104,878,000. Wellington Management Group LLP increased its stake in Agilysys by 75.9% during the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock valued at $72,675,000 after acquiring an additional 297,846 shares during the period. Goldman Sachs Group Inc. raised its holdings in Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after acquiring an additional 184,402 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Agilysys by 38.7% in the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after acquiring an additional 175,137 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Agilysys by 28.1% during the 2nd quarter. Invesco Ltd. now owns 545,386 shares of the software maker’s stock worth $62,523,000 after purchasing an additional 119,736 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.