Agilysys (NASDAQ:AGYS) Price Target Increased to $125.00 by Analysts at Needham & Company LLC

Agilysys (NASDAQ:AGYS) had its target price increased by Needham & Company LLC from $100.00 to $125.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

AGYS has been the subject of a number of other reports. StockNews.com downgraded shares of Agilysys from a buy rating to a hold rating in a research note on Wednesday, May 15th. Oppenheimer increased their price target on shares of Agilysys from $95.00 to $100.00 and gave the stock an outperform rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $103.33.

Agilysys Trading Up 2.4 %

Shares of NASDAQ:AGYS opened at $104.05 on Thursday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 32.93 and a beta of 0.68. The company has a 50-day moving average price of $85.15 and a 200-day moving average price of $83.76. Agilysys has a 12 month low of $63.08 and a 12 month high of $105.00.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $62.22 million during the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, research analysts forecast that Agilysys will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the transaction, the senior vice president now owns 166,943 shares of the company’s stock, valued at $16,552,398.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jerry C. Jones sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $102.89, for a total transaction of $1,028,900.00. Following the sale, the director now owns 40,982 shares in the company, valued at $4,216,637.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kyle C. Badger sold 8,948 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the sale, the senior vice president now owns 166,943 shares in the company, valued at approximately $16,552,398.45. The disclosure for this sale can be found here. Insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently made changes to their positions in AGYS. Wasatch Advisors LP grew its holdings in shares of Agilysys by 439.5% during the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after buying an additional 820,840 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after purchasing an additional 369,780 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in Agilysys by 19.9% in the fourth quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock worth $52,619,000 after purchasing an additional 102,939 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Agilysys by 13.8% in the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after purchasing an additional 87,549 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.