Agilysys (NASDAQ:AGYS) Given New $186.00 Price Target at Northland Securities

Agilysys (NASDAQ:AGYS) had its price target lifted by Northland Securities from $145.00 to $186.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Other equities research analysts also recently issued reports about the company. Oppenheimer lifted their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. BTIG Research upped their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC increased their target price on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Agilysys Price Performance

AGYS opened at $134.56 on Tuesday. Agilysys has a 12-month low of $73.52 and a 12-month high of $142.64. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 38.34 and a beta of 0.94. The stock has a fifty day simple moving average of $129.56 and a two-hundred day simple moving average of $115.29. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its 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. The business had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. Research analysts predict that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, CFO William David Wood III sold 588 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,990,451.94. This represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the sale, the director now owns 315,576 shares of the company’s stock, valued at $41,132,175.84. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,122 shares of company stock worth $3,188,066 in the last quarter. 19.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AGYS. US Bancorp DE lifted its position in shares of Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC grew its position in Agilysys by 66.7% during the 3rd 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 last quarter. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Agilysys by 76.2% in 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 last quarter. Finally, Larson Financial Group LLC purchased a new position in Agilysys during the 2nd quarter worth approximately $32,000. 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.