Oppenheimer Issues Positive Forecast for Agilysys (NASDAQ:AGYS) Stock Price

Agilysys (NASDAQ:AGYS) had its target price boosted by Oppenheimer from $120.00 to $135.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price target points to a potential upside of 9.85% from the company’s current price.

A number of other analysts also recently issued reports on the company. BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and set a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Craig Hallum lifted their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $130.80.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $122.89 on Tuesday. The stock has a market cap of $3.43 billion, a PE ratio of 35.01 and a beta of 0.85. The company’s fifty day moving average is $108.71 and its 200 day moving average is $103.38. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys has a 52 week low of $73.52 and a 52 week high of $125.73.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. Research analysts anticipate that Agilysys will post 0.81 earnings per share for the current year.

Insider Transactions at Agilysys

In other Agilysys news, Director John Mutch sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the transaction, the director now directly owns 36,326 shares of the company’s stock, valued at $4,129,902.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the completion of the transaction, the director now owns 36,326 shares in the company, valued at $4,129,902.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William David Wood III sold 588 shares of Agilysys stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the transaction, the chief financial officer now owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,823 shares of company stock valued at $3,920,368 over the last three months. Company insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

A number of institutional investors have recently modified their holdings of AGYS. Swiss National Bank grew its position in shares of Agilysys by 1.1% in the first quarter. Swiss National Bank now owns 45,500 shares of the software maker’s stock valued at $3,834,000 after purchasing an additional 500 shares during the last quarter. Sei Investments Co. grew its stake in shares of Agilysys by 6.1% in the 1st quarter. Sei Investments Co. now owns 41,437 shares of the software maker’s stock valued at $3,492,000 after buying an additional 2,394 shares during the period. Russell Investments Group Ltd. boosted its stake in Agilysys by 23.4% during the 1st quarter. Russell Investments Group Ltd. now owns 16,803 shares of the software maker’s stock valued at $1,416,000 after purchasing an additional 3,183 shares during the last quarter. ProShare Advisors LLC boosted its stake in Agilysys by 8.2% during the 1st quarter. ProShare Advisors LLC now owns 4,077 shares of the software maker’s stock valued at $344,000 after purchasing an additional 309 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Agilysys by 31.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,531 shares of the software maker’s stock worth $621,000 after buying an additional 1,800 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

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.