Northland Securities Reaffirms Outperform Rating for Agilysys (NASDAQ:AGYS)

Agilysys (NASDAQ:AGYS)‘s stock had its “outperform” rating reaffirmed by stock analysts at Northland Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $145.00 target price on the software maker’s stock, up from their previous target price of $132.00. Northland Securities’ target price would suggest a potential upside of 47.39% from the company’s current price.

AGYS has been the topic of several other research reports. BTIG Research lifted their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday. Craig Hallum boosted their price objective on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Agilysys in a research note on Tuesday. Finally, Oppenheimer lifted 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. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $127.80.

Agilysys Stock Down 4.0 %

NASDAQ AGYS opened at $98.38 on Tuesday. Agilysys has a 52 week low of $73.52 and a 52 week high of $125.73. The firm has a market capitalization of $2.74 billion, a P/E ratio of 27.18 and a beta of 0.83. The company has a 50-day moving average price of $109.04 and a 200-day moving average price of $101.70.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts anticipate that Agilysys will post 0.62 EPS for the current year.

Insider Activity

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the transaction, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at $85,441,345.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,000 shares of company stock worth $3,734,810. Corporate insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGYS. GAMMA Investing LLC increased its holdings in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares during the period. CWM LLC increased its holdings in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares during the period. Larson Financial Group LLC purchased a new position in Agilysys during the 2nd quarter worth approximately $32,000. NBC Securities Inc. purchased a new position in Agilysys during the 3rd quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors 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.