Agilysys (NASDAQ:AGYS) Stock Price Expected to Rise, Northland Securities Analyst Says

Agilysys (NASDAQ:AGYS) had its price objective increased by Northland Securities from $145.00 to $186.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Northland Securities’ target price would indicate a potential upside of 42.91% from the stock’s current price.

AGYS has been the topic of a number of other research reports. Oppenheimer lifted their price target on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. BTIG Research lifted their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC lifted their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.00.

Agilysys Price Performance

Shares of Agilysys stock opened at $130.15 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $127.23 and its two-hundred day moving average price is $114.55. Agilysys has a 52 week low of $73.52 and a 52 week high of $142.64. The stock has a market cap of $3.64 billion, a PE ratio of 37.08 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $67.54 million. During the same period in the previous year, the business earned $0.25 earnings per share. Agilysys’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Agilysys will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In related news, CFO William David Wood III sold 588 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the transaction, the chief financial officer now owns 49,479 shares in the company, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Mutch sold 500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the transaction, the director now owns 34,654 shares in the company, valued at $4,777,400.44. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,122 shares of company stock valued at $3,188,066 in the last 90 days. 19.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new stake in Agilysys during the second quarter worth approximately $32,000. Advisors Asset Management Inc. boosted its position in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the period. GAMMA Investing LLC boosted its position in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. bought a new stake in Agilysys during the third quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC boosted its position in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the period. 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.