Analysts Set Agilysys, Inc. (NASDAQ:AGYS) Target Price at $120.00

Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $120.83.

AGYS has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Agilysys from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday. UBS Group set a $100.00 price objective on shares of Agilysys in a report on Wednesday, March 5th. Craig Hallum dropped their price objective on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Oppenheimer dropped their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th.

Agilysys Price Performance

Shares of AGYS traded up $18.35 during mid-day trading on Thursday, reaching $101.37. 1,283,807 shares of the stock traded hands, compared to its average volume of 265,867. The firm has a fifty day moving average price of $74.88 and a 200 day moving average price of $98.97. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 126.71 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Agilysys has a 1 year low of $63.71 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. The firm had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. As a group, equities research analysts predict that Agilysys will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other Agilysys news, Director John Mutch sold 750 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares of the company's stock, valued at $2,403,328.32. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.30% of the stock is owned by corporate insiders.

Institutional Trading of Agilysys

Several hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Agilysys by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock worth $102,000 after purchasing an additional 141 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after purchasing an additional 159 shares during the last quarter. Blue Trust Inc. lifted its stake in Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock worth $149,000 after purchasing an additional 180 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock worth $1,398,000 after purchasing an additional 208 shares during the last quarter. 88.00% of the stock is 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.