Agilysys (NASDAQ:AGYS) Stock Price Expected to Rise, BTIG Research Analyst Says

Agilysys (NASDAQ:AGYS) had its price target boosted by equities research analysts at BTIG Research from $118.00 to $124.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. BTIG Research’s price target suggests a potential upside of 26.04% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Craig Hallum boosted their price target on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Oppenheimer raised their target price on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Northland Securities boosted their price target on shares of Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a report on Monday, September 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $127.80.

Agilysys Trading Down 4.0 %

Shares of NASDAQ AGYS opened at $98.38 on Tuesday. Agilysys has a 12-month low of $73.52 and a 12-month high of $125.73. The company has a market cap of $2.74 billion, a P/E ratio of 27.18 and a beta of 0.83. The stock has a fifty day moving average price of $109.04 and a 200 day moving average price of $101.70.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts forecast that Agilysys will post 0.62 EPS for the current fiscal year.

Insider Activity

In other news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now owns 738,367 shares in the company, valued at approximately $75,335,585.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Agilysys news, Director John Mutch sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now owns 36,326 shares in the company, valued at $4,129,902.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now owns 738,367 shares in the company, valued at approximately $75,335,585.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $3,734,810 over the last quarter. Corporate insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

A number of institutional investors have recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC raised its position in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. RiverPark Advisors LLC lifted its stake in Agilysys by 9.6% in the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after acquiring an additional 170 shares during the last quarter. CWM LLC grew its position in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Agilysys by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock worth $1,062,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

About Agilysys

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.