Agilysys, Inc. (NASDAQ:AGYS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received an average rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $124.00.

A number of research analysts have recently issued reports on the company. BTIG Research boosted their target price on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Wednesday. Northland Securities lifted their target price on shares of Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Agilysys in a report on Monday, September 16th. Finally, Oppenheimer raised their price objective on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, July 19th.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now owns 778,367 shares in the company, valued at $85,441,345.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Mutch sold 1,000 shares of Agilysys stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,000 shares of company stock valued at $3,734,810. Corporate insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC boosted its holdings in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Agilysys in the second quarter valued at $32,000. NBC Securities Inc. acquired a new position in Agilysys in the third quarter valued at $46,000. Finally, Exchange Traded Concepts LLC lifted its position in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Down 0.7 %

Shares of AGYS stock opened at $110.19 on Friday. The stock’s 50-day moving average price is $109.12 and its 200 day moving average price is $101.23. The stock has a market capitalization of $3.07 billion, a PE ratio of 30.44 and a beta of 0.83. Agilysys has a 52-week low of $73.52 and a 52-week high of $125.73.

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.