Agilysys (NASDAQ:AGYS – Free Report) has raised its price objective from $95.00 to $118.00 by BTIG Research in a report issued on Friday, Benzinga reports. BTIG Research currently has a Buy rating on the software maker’s stock.

AGYS has been the subject of several other reports. StockNews.com downgraded shares of Agilysys from a buy rating to a hold rating in a research report on Thursday, July 4th. Oppenheimer increased 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. Needham & Company LLC increased their price target on shares of Agilysys from $100.00 to $125.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. Finally, William Blair initiated coverage on shares of Agilysys in a research report on Monday, June 24th. They set an outperform rating for the company. One research analyst has rated the stock with a hold rating and five have given it a buy rating. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $112.00.

Get our latest stock report on Agilysys

Agilysys Stock Return

Agilysys shares opened at $107.91 on Friday. Agilysys has a 52-week low of $63.78 and a 52-week high of $110.98. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 34.15 and a beta of 0.82. The stock has a 50-day simple moving average of $99.28 and a 200-day simple moving average of $87.53.

Agilysys (NASDAQ:AGYS – Get Free Report) last released its quarterly earnings results on Monday, May 13. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The company had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the year-ago quarter, the company posted $0.26 EPS. Agilysys’ quarterly revenue increased 17.6% year over year. Research analysts predict that Agilysys will post 0.69 EPS for the current year.

Insider Buying and Selling at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $96.50, for a total transaction of $4,825,000.00. Following the completion of the transaction, the CEO now directly owns 988,367 shares of the company’s stock, valued at $95,377,415.50. The sale was disclosed in a document filed with the SEC, which is available for access on the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $96.50, for a total transaction of $4,825,000.00. Following the completion of the transaction, the CEO now directly owns 988,367 shares of the company’s stock, valued at $95,377,415.50. The sale was disclosed in a document filed with the SEC, which is available for review at the SEC website. Also, Director Mak Capital One Llc sold 38,539 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $90.85, for a total transaction of $3,501,268.15. Following the transaction, the Director now owns 1,449,136 shares of the company’s stock, valued at $131,654,005.60. The disclosure for this sale can be found here. Insiders sold a total of 700,935 shares of the company’s stock worth $67,375,071 over the last three months. Company insiders own 23.60% of the company’s shares.

Agilysys Institutional Trading

A number of hedge funds and other institutional investors have recently made changes to their holdings of AGYS. Wasatch Advisors LP increased its position in shares of Agilysys by 439.5% in the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after purchasing an additional 820,840 shares during the period. Vanguard Group Inc. increased its holdings of shares of 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 in the last quarter. Geneva Capital Management LLC increased its position in shares of 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 acquiring an additional 102,939 shares in the last quarter. Lord Abbett & CO. LLC increased 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 acquiring an additional 87,549 shares in the last quarter. Finally, Brown Capital Management LLC acquired a new stake in shares of Agilysys in the first quarter worth approximately $6,054,000. Institutional investors own 88.00% of the company’s stock.

Company Profile of Agilysys

(Get free report)

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

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