Agilysys (NASDAQ:AGYS) Stock Price Expected to Rise, Northland Securities Analyst Says

Agilysys (NASDAQ:AGYS) had its target price boosted by stock analysts at Northland Securities from $145.00 to $186.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Northland Securities’ price target indicates a potential upside of 38.23% from the stock’s previous close.

A number of other analysts also recently issued reports on AGYS. Oppenheimer lifted their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. BTIG Research lifted their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC lifted their target price on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.00.

Agilysys Stock Up 3.5 %

Shares of AGYS opened at $134.56 on Tuesday. The business’s 50 day moving average is $128.15 and its 200 day moving average is $115.02. The company has a market capitalization of $3.76 billion, a PE ratio of 38.34 and a beta of 0.94. Agilysys has a 12-month low of $73.52 and a 12-month high of $142.64. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business 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 company posted $0.25 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. Research analysts expect that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 471 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the sale, the senior vice president now directly owns 115,117 shares in the company, valued at approximately $11,610,700.62. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the sale, the director now owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,122 shares of company stock worth $3,188,066 in the last quarter. 19.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. raised its position in shares of Agilysys by 59.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after acquiring an additional 53,026 shares in the last quarter. State Street Corp raised its position in shares of Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after acquiring an additional 43,760 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after acquiring an additional 30,655 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Agilysys in the 2nd quarter worth $580,000. Finally, Natixis Advisors LLC bought a new position in shares of Agilysys in the 2nd quarter worth $1,111,000. 88.00% of the stock is owned by institutional investors.

Agilysys Company Profile

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.