Analysts Set Agilysys, Inc. (NASDAQ:AGYS) Target Price at $145.40

Shares of Agilysys, Inc. (NASDAQ:AGYS) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $145.40.

Several equities analysts recently commented on the stock. Zacks Research lowered shares of Agilysys from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. BTIG Research assumed coverage on shares of Agilysys in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Oppenheimer increased their target price on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Wall Street Zen cut Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of Agilysys in a research report on Tuesday, January 27th.

Insider Transactions at Agilysys

In related news, Director Donald A. Colvin sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $123.28, for a total value of $739,680.00. Following the transaction, the director owned 24,592 shares in the company, valued at approximately $3,031,701.76. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Melvin L. Keating acquired 300 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were acquired at an average price of $83.62 per share, with a total value of $25,086.00. Following the completion of the purchase, the director owned 35,007 shares of the company’s stock, valued at $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 8.60% of the stock is currently owned by insiders.

Institutional Trading of Agilysys

Large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors purchased a new position in Agilysys in the fourth quarter valued at about $104,878,000. William Blair Investment Management LLC purchased a new stake in shares of Agilysys during the 2nd quarter valued at about $58,993,000. Wellington Management Group LLP raised its holdings in shares of Agilysys by 75.9% during the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock valued at $72,675,000 after buying an additional 297,846 shares during the period. Goldman Sachs Group Inc. lifted its position in Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after acquiring an additional 184,402 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Agilysys by 38.7% in the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after acquiring an additional 175,137 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Up 0.8%

Shares of NASDAQ:AGYS opened at $81.50 on Friday. The company has a market cap of $2.29 billion, a P/E ratio of 76.17 and a beta of 0.41. The business has a fifty day simple moving average of $108.28 and a 200-day simple moving average of $112.26. Agilysys has a 52 week low of $63.71 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The business had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. During the same period in the previous year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. Sell-side analysts expect that Agilysys will post 0.8 earnings per share for the current fiscal year.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.