Agilysys (NASDAQ:AGYS) Price Target Raised to $145.00 at Needham & Company LLC

Agilysys (NASDAQ:AGYS) had its price objective lifted by research analysts at Needham & Company LLC from $125.00 to $145.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 19.99% from the stock’s previous close.

Several other equities analysts have also recently issued reports on AGYS. BTIG Research upped their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer lifted their target price on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday. Northland Securities reaffirmed an “outperform” rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Craig Hallum lifted their price target 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.80.

Agilysys Trading Down 3.3 %

NASDAQ:AGYS opened at $120.84 on Friday. Agilysys has a one year low of $73.52 and a one year high of $128.61. The company’s 50-day simple moving average is $109.41 and its 200 day simple moving average is $103.81. The firm has a market capitalization of $3.38 billion, a P/E ratio of 34.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. As a group, analysts forecast that Agilysys will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 22,888 shares in the company, valued at $2,490,901.04. This represents a 14.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William David Wood III sold 588 shares of Agilysys stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the transaction, the chief financial officer now owns 49,479 shares in the company, valued at $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,023 shares of company stock worth $4,548,979 over the last 90 days. Company insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGYS. US Bancorp DE grew its position in shares of Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after buying an additional 122 shares during the last quarter. GAMMA Investing LLC grew its holdings in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. RiverPark Advisors LLC increased its position in shares of Agilysys by 9.6% during the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after purchasing an additional 170 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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.