Agilysys (NASDAQ:AGYS) Given New $120.00 Price Target at Oppenheimer

Agilysys (NASDAQ:AGYS - Get Free Report) had its price target raised by analysts at Oppenheimer from $90.00 to $120.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the software maker's stock. Oppenheimer's price target indicates a potential upside of 3.05% from the company's current price.

Several other brokerages have also issued reports on AGYS. Northland Securities set a $152.00 target price on shares of Agilysys in a research note on Tuesday, May 20th. Needham & Company LLC reiterated 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. Finally, Cantor Fitzgerald started coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.86.

Agilysys Stock Performance

Agilysys stock traded up $2.96 during midday trading on Tuesday, hitting $116.45. The company's stock had a trading volume of 61,844 shares, compared to its average volume of 322,384. The company has a 50-day moving average price of $110.21 and a two-hundred day moving average price of $93.21. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 233.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.07. Agilysys has a 1-year low of $63.71 and a 1-year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $76.68 million for the quarter, compared to the consensus estimate of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, sell-side analysts predict that Agilysys will post 0.8 earnings per share for the current year.

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 shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the sale, the director directly owned 31,404 shares in the company, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,965.14. Following the sale, the senior vice president owned 114,791 shares of the company's stock, valued at $13,016,151.49. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,405 shares of company stock worth $158,033. 19.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently modified their holdings of AGYS. GAMMA Investing LLC boosted its stake in Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker's stock worth $35,000 after buying an additional 92 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after acquiring an additional 239 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after acquiring an additional 159 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Agilysys in the fourth quarter valued at approximately $64,000. Finally, AlphaQuest LLC boosted its position in Agilysys by 2,026.0% in the 1st quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock worth $77,000 after purchasing an additional 1,013 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

About Agilysys

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.