Agilysys (NASDAQ:AGYS – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.
Separately, Needham & Company LLC raised their target price on shares of Agilysys from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $88.75.
Check Out Our Latest Report on AGYS
Agilysys Trading Up 1.5 %
Insider Activity
In related news, major shareholder Mak Capital One Llc sold 867,729 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total value of $71,665,738.11. Following the sale, the insider now owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.60% of the company’s stock.
Hedge Funds Weigh In On Agilysys
Hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its position in shares of Agilysys by 439.5% in the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after purchasing an additional 820,840 shares during the last quarter. Wellington Management Group LLP grew its holdings in Agilysys by 159.4% during the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after buying an additional 369,780 shares during the last quarter. Vanguard Group Inc. increased its position in Agilysys by 6.1% during the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock worth $121,617,000 after buying an additional 106,026 shares in the last quarter. Geneva Capital Management LLC raised its holdings in shares of Agilysys by 19.9% in the fourth quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock worth $52,619,000 after acquiring an additional 102,939 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of Agilysys by 120.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,215 shares of the software maker’s stock valued at $11,261,000 after acquiring an additional 93,103 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.
About Agilysys
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.
Further Reading
- Five stocks we like better than Agilysys
- Overbought Stocks Explained: Should You Trade Them?
- Garmin Navigates to New Highs Driven By Wearables Trend
- Insider Trades May Not Tell You What You Think
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- 3 Stocks to Consider Buying in October
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.