Agilysys (NASDAQ:AGYS) Upgraded at StockNews.com

StockNews.com upgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a buy rating in a report issued on Tuesday.

AGYS has been the topic of several other reports. Northland Securities increased their price target on Agilysys from $118.00 to $132.00 and gave the company an outperform rating in a report on Monday. Needham & Company LLC reissued a buy rating and issued a $125.00 target price on shares of Agilysys in a research report on Monday. William Blair initiated coverage on shares of Agilysys in a report on Monday, June 24th. They set an outperform rating for the company. Oppenheimer upped their price target on Agilysys from $100.00 to $120.00 and gave the stock an outperform rating in a research report on Friday, July 19th. Finally, Craig Hallum increased their price objective on shares of Agilysys from $105.00 to $125.00 and gave the stock a buy rating in a research note on Tuesday, July 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $124.00.

Agilysys Stock Up 3.3 %

Shares of AGYS opened at $104.61 on Tuesday. The stock has a market cap of $2.92 billion, a P/E ratio of 33.10 and a beta of 0.83. The business’s 50 day moving average price is $107.49 and its 200-day moving average price is $95.33. Agilysys has a 52 week low of $63.78 and a 52 week high of $114.70.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The business had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. During the same period last year, the business earned $0.18 EPS. Agilysys’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that Agilysys will post 0.62 EPS for the current year.

Insider Transactions at Agilysys

In other Agilysys news, Director John Mutch sold 1,000 shares of the business’s stock in a transaction 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 sale, the director now owns 36,326 shares in the company, valued at approximately $4,129,902.94. 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 Agilysys stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mak Capital One Llc sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $98.48, for a total value of $4,431,600.00. Following the sale, the director now directly owns 1,253,407 shares in the company, valued at $123,435,521.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,543 shares of company stock valued at $8,221,812. 23.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Agilysys

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake 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. RiverPark Advisors LLC increased its position in shares of Agilysys by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after purchasing an additional 170 shares during the last quarter. CWM LLC raised its holdings in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after buying an additional 199 shares during the period. Louisiana State Employees Retirement System raised its holdings in Agilysys by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock valued at $1,062,000 after buying an additional 200 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Agilysys by 6.2% in the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock worth $294,000 after buying an additional 204 shares during the last quarter. 88.00% of the stock is currently 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.