Agilysys (NASDAQ:AGYS) Hits New 12-Month High Following Analyst Upgrade

Agilysys, Inc. (NASDAQ:AGYS) hit a new 52-week high on Tuesday after Oppenheimer raised their price target on the stock from $120.00 to $135.00. Oppenheimer currently has an outperform rating on the stock. Agilysys traded as high as $125.96 and last traded at $124.91, with a volume of 35701 shares. The stock had previously closed at $122.89.

Other research analysts have also recently issued research reports about the company. Craig Hallum increased their price objective on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Northland Securities reaffirmed an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Agilysys in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average price target of $130.80.

Insider Buying and Selling

In related news, insider Chris J. Robertson sold 264 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the transaction, the insider now owns 22,624 shares in the company, valued at $2,281,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Chris J. Robertson sold 264 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the transaction, the insider now owns 22,624 shares in the company, valued at approximately $2,281,856.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kyle C. Badger sold 471 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $47,505.06. Following the transaction, the senior vice president now owns 115,117 shares in the company, valued at $11,610,700.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,743 shares of company stock valued at $4,146,064 over the last 90 days. 19.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Agilysys

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its holdings 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 acquiring an additional 122 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Agilysys by 162.1% in the 2nd 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 raised its holdings in shares of Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after acquiring an additional 170 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Finally, CWM LLC raised its holdings 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 acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 35.01 and a beta of 0.85. The stock’s fifty day moving average is $108.71 and its two-hundred day moving average is $103.38.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the prior year, the business posted $0.25 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

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.