Agilysys (NASDAQ:AGYS) Hits New 1-Year High – What’s Next?

Agilysys, Inc. (NASDAQ:AGYS)’s stock price hit a new 52-week high on Thursday . The company traded as high as $129.62 and last traded at $129.62, with a volume of 9013 shares. The stock had previously closed at $125.78.

Analysts Set New Price Targets

A number of brokerages have weighed in on AGYS. Needham & Company LLC increased their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. 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. Oppenheimer upped their price target on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Northland Securities restated an “outperform” rating and set a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.80.

Agilysys Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 39.17 and a beta of 0.85. The firm’s fifty day moving average is $112.01 and its 200 day moving average is $105.41.

Agilysys (NASDAQ:AGYS) last posted 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. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. On average, analysts predict that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total value of $402,915.20. Following the completion of the sale, the director now directly owns 34,407 shares in the company, valued at $4,226,555.88. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mutch sold 500 shares of Agilysys stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $104.24, for a total transaction of $52,120.00. Following the completion of the transaction, the director now directly owns 35,858 shares in the company, valued at approximately $3,737,837.92. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,023 shares of company stock worth $4,548,979 over the last ninety days. 19.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Agilysys

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares during the period. CWM LLC increased its position in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the period. Larson Financial Group LLC bought a new position in Agilysys during the second quarter worth $32,000. Advisors Asset Management Inc. increased 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 acquiring an additional 182 shares during the period. Finally, NBC Securities Inc. bought a new position in Agilysys during the third quarter worth $46,000. 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.