Equities research analysts at Cantor Fitzgerald started coverage on shares of Agilysys (NASDAQ:AGYS - Get Free Report) in a report released on Tuesday, Marketbeat.com reports. The firm set an "overweight" rating and a $125.00 price target on the software maker's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 13.99% from the company's previous close.
Several other research firms also recently weighed in on AGYS. Northland Securities set a $152.00 target price on shares of Agilysys in a research report on Tuesday, May 20th. Needham & Company LLC restated a "buy" rating and issued a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Oppenheimer dropped their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, UBS Group set a $100.00 price objective on Agilysys in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.57.
View Our Latest Research Report on AGYS
Agilysys Stock Down 1.5%
NASDAQ AGYS traded down $1.71 on Tuesday, hitting $109.66. The stock had a trading volume of 304,231 shares, compared to its average volume of 270,328. Agilysys has a 52-week low of $63.71 and a 52-week high of $142.64. The business's fifty day moving average price is $80.70 and its 200 day moving average price is $98.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 137.08 and a beta of 0.58.
Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.28. The company had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. Equities research analysts anticipate that Agilysys will post 0.8 earnings per share for the current year.
Insider Activity at Agilysys
In other news, Director John Mutch sold 2,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the sale, the director now directly owns 32,654 shares of the company's stock, valued at $2,542,766.98. This represents a 5.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 19.30% of the company's stock.
Institutional Trading of Agilysys
Several institutional investors have recently bought and sold shares of AGYS. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock worth $102,000 after buying an additional 141 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Agilysys by 30.1% during the 1st 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. raised its position in shares of Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after buying an additional 180 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of 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 buying an additional 208 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.
About Agilysys
(
Get Free Report)
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.
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