Agilysys (NASDAQ:AGYS) Price Target Raised to $125.00 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 - Get Free Report) had its price objective hoisted by investment analysts at Oppenheimer from $120.00 to $125.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the software maker's stock. Oppenheimer's price objective points to a potential upside of 9.71% from the company's previous close.

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

Agilysys Price Performance

AGYS opened at $113.94 on Tuesday. The stock's 50 day simple moving average is $112.10 and its 200 day simple moving average is $95.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. Agilysys has a 1 year low of $63.71 and a 1 year high of $142.64. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 227.88 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted 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). Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The company had revenue of $76.68 million for the quarter, compared to the consensus estimate of $74.42 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. Agilysys'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, analysts predict that Agilysys will post 0.8 earnings per share for the current year.

Insider Activity at Agilysys

In related news, CFO William David Wood III sold 321 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the completion of the transaction, the chief financial officer owned 47,288 shares of the company's stock, valued at $5,361,986.32. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kyle C. Badger sold 326 shares of the firm'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 value of $36,965.14. Following the transaction, the senior vice president directly owned 114,791 shares of the company's stock, valued at approximately $13,016,151.49. This trade represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 905 shares of company stock valued at $102,618 in the last 90 days. Corporate insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of Agilysys in the 1st quarter worth $80,730,000. William Blair Investment Management LLC bought a new stake in shares of Agilysys in the 2nd quarter worth $58,993,000. Riverbridge Partners LLC bought a new stake in shares of Agilysys in the 1st quarter worth $32,913,000. Conestoga Capital Advisors LLC increased its holdings in shares of Agilysys by 105.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock worth $53,030,000 after purchasing an additional 374,800 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Agilysys in the 1st quarter worth $16,343,000. Institutional investors own 88.00% of the company's stock.

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.

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