Agilysys, Inc. (NASDAQ:AGYS) Stock Has Average Price Target of $124.60

Key Points

• Analyst sentiment is moderately positive: Eight analysts rate Agilysys a consensus “Moderate Buy,” with five buys and three holds. The average 12-month price target is $124.60.
• Agilysys exceeded quarterly expectations, reporting earnings per share of $0.49 versus a $0.40 estimate and revenue of $87.68 million, up 14.3% year over year.
• Insiders sold 212,812 shares worth approximately $23.05 million over the past 90 days, while institutional investors own 88% of the company. Shares opened at $116.02, with a 52-week range of $61.50 to $145.25.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $124.60.

Several research firms recently commented on AGYS. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Agilysys in a research note on Friday, October 9th. Zacks Research lowered shares of Agilysys from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Needham & Company LLC boosted their price objective on shares of Agilysys from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Cantor Fitzgerald restated an "overweight" rating on shares of Agilysys in a research note on Tuesday, July 28th. Finally, Oppenheimer restated an "outperform" rating on shares of Agilysys in a research note on Monday, October 12th.

Insider Activity at Agilysys

In related news, CFO William Wood, III sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares in the company, valued at approximately $4,021,165.44. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kyle Badger sold 8,400 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total value of $958,104.00. Following the completion of the transaction, the senior vice president directly owned 75,037 shares in the company, valued at approximately $8,558,720.22. This trade represents a 10.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 212,812 shares of company stock worth $23,046,675. Insiders own 8.70% of the company's stock.

Hedge Funds Weigh In On Agilysys

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Agilysys by 702.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the software maker's stock valued at $39,000 after buying an additional 288 shares during the period. Versant Capital Management Inc raised its holdings in shares of Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker's stock valued at $44,000 after acquiring an additional 233 shares in the last quarter. Optiver Holding B.V. raised its holdings in shares of Agilysys by 700.0% in the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker's stock valued at $32,000 after acquiring an additional 399 shares in the last quarter. MCF Advisors LLC lifted its stake in Agilysys by 120.3% in the second quarter. MCF Advisors LLC now owns 478 shares of the software maker's stock worth $50,000 after acquiring an additional 261 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Agilysys in the second quarter worth about $85,000. Institutional investors own 88.00% of the company's stock.

Agilysys Stock Down 0.3%

Shares of Agilysys stock opened at $116.02 on Thursday. The stock's fifty day moving average is $107.84 and its two-hundred day moving average is $94.89. The company has a market capitalization of $3.27 billion, a PE ratio of 76.83, a price-to-earnings-growth ratio of 3.36 and a beta of 0.37. Agilysys has a 52 week low of $61.50 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.09. The business had revenue of $87.68 million for the quarter, compared to analyst estimates of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%. The business's revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, research analysts anticipate that Agilysys will post 1.73 earnings per share for the current year.

About Agilysys

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company's product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.

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