Agilysys (NASDAQ:AGYS) Given New $125.00 Price Target at Oppenheimer

Key Points

• Oppenheimer raised Agilysys' price target from $120.00 to $125.00, indicating a potential upside of 9.71% from its previous close.
• Agilysys reported earnings of $0.33 per share for the last quarter, falling short of the consensus estimate of $0.36, despite a 20.7% increase in revenue year-over-year.
• Institutional investors hold 88.00% of Agilysys' stock, with significant recent acquisitions by firms such as Nuveen LLC and William Blair Investment Management LLC.

Agilysys (NASDAQ:AGYS - Free Report) had its target price upped by Oppenheimer from $120.00 to $125.00 in a research report released on Tuesday, MarketBeat Ratings reports. The firm currently has an outperform rating on the software maker's stock.

AGYS has been the topic of a number of other reports. Needham & Company LLC reiterated a "buy" rating and set a $105.00 price objective (up from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Northland Securities set a $152.00 price objective on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Cantor Fitzgerald initiated coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $121.57.

Agilysys Stock Down 2.9%

NASDAQ AGYS traded down $3.17 during trading hours on Tuesday, reaching $105.88. 193,562 shares of the company traded hands, compared to its average volume of 167,088. Agilysys has a 12 month low of $63.71 and a 12 month high of $142.64. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.97 billion, a PE ratio of 211.76 and a beta of 0.64. The company has a 50 day moving average of $111.57 and a two-hundred day moving average of $95.88.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The company had revenue of $76.68 million for the quarter, compared to the consensus estimate of $74.42 million. During the same quarter last year, the company earned $0.30 earnings per share. The company's revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. As a group, equities analysts expect that Agilysys will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 258 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $29,254.62. Following the completion of the transaction, the insider directly owned 21,137 shares of the company's stock, valued at $2,396,724.43. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William David Wood III sold 321 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,398.19. Following the transaction, the chief financial officer directly owned 47,288 shares of the company's stock, valued at $5,361,986.32. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 905 shares of company stock valued at $102,618 in the last ninety days. Company insiders own 8.60% of the company's stock.

Institutional Trading of Agilysys

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cim LLC raised its position in shares of Agilysys by 3.8% during the 2nd quarter. Cim LLC now owns 4,514 shares of the software maker's stock worth $517,000 after buying an additional 167 shares in the last quarter. State of Wyoming raised its position in shares of Agilysys by 4.3% during the 2nd quarter. State of Wyoming now owns 3,945 shares of the software maker's stock worth $452,000 after buying an additional 164 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Agilysys by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 76,485 shares of the software maker's stock worth $8,768,000 after buying an additional 5,255 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Agilysys by 162.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,677 shares of the software maker's stock worth $307,000 after buying an additional 1,658 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Agilysys during the 2nd quarter worth about $264,000. 88.00% of the stock is currently 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.