Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) Target Price at $116.57

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has earned an average recommendation of "Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $116.57.

Several research firms have recently issued reports on AGYS. Needham & Company LLC restated a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Oppenheimer decreased their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Northland Securities set a $152.00 target price on Agilysys in a research report on Tuesday, May 20th. UBS Group set a $100.00 target price on Agilysys in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald began coverage on Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price for the company.

Insider Activity at Agilysys

In related news, Director John Mutch sold 500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the transaction, the director now directly owns 31,404 shares in the company, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its position in shares of Agilysys by 2.4% in the 1st quarter. Rhumbline Advisers now owns 52,223 shares of the software maker's stock valued at $3,788,000 after purchasing an additional 1,207 shares during the period. Strs Ohio acquired a new position in Agilysys during the 1st quarter worth approximately $225,000. Intech Investment Management LLC boosted its position in Agilysys by 198.9% during the 1st quarter. Intech Investment Management LLC now owns 46,869 shares of the software maker's stock worth $3,400,000 after acquiring an additional 31,189 shares during the last quarter. Jane Street Group LLC boosted its position in Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker's stock worth $2,738,000 after acquiring an additional 34,395 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted 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 during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Trading Up 0.4%

NASDAQ:AGYS traded up $0.43 on Monday, hitting $111.75. 252,559 shares of the stock were exchanged, compared to its average volume of 269,889. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 139.69 and a beta of 0.73. Agilysys has a 52 week low of $63.71 and a 52 week high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The company's 50-day moving average price is $84.60 and its 200 day moving average price is $97.55.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.28. The firm had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. On average, equities research analysts forecast that Agilysys will post 0.8 earnings per share for the current 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.