StockNews.com Upgrades Agilysys (NASDAQ:AGYS) to Buy

StockNews.com upgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

A number of other equities research analysts have also commented on the stock. Northland Securities upped their price target on shares of Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Oppenheimer increased their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Agilysys in a research note on Monday, September 16th. BTIG Research raised their price target on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Craig Hallum boosted their price objective on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $124.00.

Agilysys Price Performance

Shares of AGYS stock opened at $110.19 on Wednesday. Agilysys has a 1-year low of $73.52 and a 1-year high of $125.73. The business has a 50-day moving average of $109.12 and a 200 day moving average of $101.23. The stock has a market capitalization of $3.07 billion, a PE ratio of 30.44 and a beta of 0.83.

Insider Buying and Selling

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the transaction, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Chris J. Robertson sold 4,000 shares of the company’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 sale, the insider now owns 22,888 shares in the company, valued at $2,490,901.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the transaction, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $3,734,810 over the last ninety days. Company insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently bought and sold shares of AGYS. Wasatch Advisors LP boosted its stake in Agilysys by 439.5% during the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after purchasing an additional 820,840 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Agilysys by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 115,398 shares of the software maker’s stock worth $9,723,000 after buying an additional 2,341 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Agilysys in the 1st quarter worth about $584,000. BNP Paribas Financial Markets lifted its stake in Agilysys by 91.6% during the 1st quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock valued at $2,797,000 after acquiring an additional 15,870 shares during the period. Finally, RiverPark Advisors LLC boosted its holdings in shares of Agilysys by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,383 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.