Agilysys’ (AGYS) Outperform Rating Reaffirmed at Northland Securities

Agilysys (NASDAQ:AGYS)‘s stock had its “outperform” rating reissued by Northland Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $145.00 target price on the software maker’s stock, up from their previous target price of $132.00. Northland Securities’ price objective points to a potential upside of 30.06% from the stock’s previous close.

Several other equities analysts also recently commented on AGYS. BTIG Research increased their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Agilysys in a research note on Tuesday. Oppenheimer raised their price target on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Craig Hallum increased their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $127.80.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $111.49 on Tuesday. The stock has a market capitalization of $3.11 billion, a P/E ratio of 30.80 and a beta of 0.83. The business has a 50-day moving average of $109.17 and a two-hundred day moving average of $101.56. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $125.73.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now owns 22,888 shares of the company’s stock, valued at $2,490,901.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the transaction, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at $75,335,585.01. This trade 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. Also, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the completion of the transaction, the insider now directly owns 22,888 shares in the company, valued at $2,490,901.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,000 shares of company stock valued at $3,734,810. Company insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC increased its position in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the period. Larson Financial Group LLC bought a new stake in Agilysys during the 2nd quarter worth about $32,000. NBC Securities Inc. acquired a new position in Agilysys during the 3rd quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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.