Agilysys, Inc. (NASDAQ:AGYS) Receives $103.33 Average PT from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS) have received an average recommendation of “Buy” from the four brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is $103.33.

A number of equities research analysts have recently issued reports on AGYS shares. Needham & Company LLC boosted their price objective on Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. William Blair started coverage on Agilysys in a report on Monday, June 24th. They set an “outperform” rating for the company. Oppenheimer boosted their price objective on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday.

Insider Activity at Agilysys

In related news, Director Jerry C. Jones sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.89, for a total value of $1,028,900.00. Following the completion of the sale, the director now directly owns 40,982 shares in the company, valued at $4,216,637.98. The sale was disclosed in a filing with the SEC, which is available at this link. In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the transaction, the senior vice president now directly owns 166,943 shares in the company, valued at $16,552,398.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jerry C. Jones sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $102.89, for a total transaction of $1,028,900.00. Following the transaction, the director now owns 40,982 shares of the company’s stock, valued at $4,216,637.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 700,392 shares of company stock worth $67,319,669. Company insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. RiverPark Advisors LLC raised its position in Agilysys by 53.2% during the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after purchasing an additional 133 shares in the last quarter. YHB Investment Advisors Inc. acquired a new position in Agilysys during the first quarter valued at approximately $35,000. Pacer Advisors Inc. raised its position in Agilysys by 247.6% during the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after purchasing an additional 364 shares in the last quarter. Covestor Ltd raised its position in Agilysys by 99.9% during the first quarter. Covestor Ltd now owns 2,277 shares of the software maker’s stock valued at $192,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Agilysys by 6.2% during the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after purchasing an additional 204 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Performance

Agilysys stock opened at $104.14 on Monday. Agilysys has a 52 week low of $63.78 and a 52 week high of $105.00. The stock has a market capitalization of $2.86 billion, a P/E ratio of 32.96 and a beta of 0.78. The stock has a 50-day simple moving average of $92.24 and a 200 day simple moving average of $85.33.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The business had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the same quarter last year, the company posted $0.26 earnings per share. Agilysys’s quarterly revenue was up 17.6% on a year-over-year basis. Research analysts forecast that Agilysys will post 0.69 earnings per share for the current year.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.