Agilysys, Inc. (NASDAQ:AGYS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Agilysys, Inc. (NASDAQ:AGYS – Get Rating) have earned a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $91.75.

AGYS has been the topic of a number of analyst reports. BTIG Research upped their target price on shares of Agilysys from $83.00 to $95.00 in a research note on Wednesday, January 25th. Oppenheimer initiated coverage on shares of Agilysys in a research report on Wednesday, April 19th. They issued an “outperform” rating and a $105.00 target price for the company. StockNews.com initiated coverage on shares of Agilysys in a research report on Thursday, March 16th. They issued a “buy” rating for the company. Finally, Craig Hallum raised their target price on shares of Agilysys from $80.00 to $100.00 in a research note on Wednesday, January 25th.

Agilysys Price Performance

NASDAQ AGYS opened at $77.06 on Friday. The firm has a market capitalization of $1.94 billion, a PE ratio of 187.95 and a beta of 0.94. Agilysys has a 12 month low of $33.97 and a 12 month high of $88.16. The company’s 50 day simple moving average is $80.53 and its 200 day simple moving average is $76.22.

Insider Activity at Agilysys

In other news, SVP Prabuddha Biswas sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $83.27, for a total value of $416,350.00. Following the transaction, the senior vice president now owns 69,040 shares in the company, valued at $5,748,960.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Kyle C. Badger sold 6,800 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $83.10, for a total transaction of $565,080.00. Following the completion of the transaction, the senior vice president now directly owns 110,218 shares in the company, valued at approximately $9,159,115.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabuddha Biswas sold 5,000 shares of Agilysys stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $83.27, for a total value of $416,350.00. Following the sale, the senior vice president now owns 69,040 shares of the company’s stock, valued at $5,748,960.80. The disclosure for this sale can be found here. Insiders have sold 12,800 shares of company stock valued at $1,066,040 over the last three months. 22.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Agilysys by 22.6% during the first quarter. JPMorgan Chase & Co. now owns 15,435 shares of the software maker’s stock worth $616,000 after purchasing an additional 2,847 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Agilysys by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 219,525 shares of the software maker’s stock worth $8,754,000 after buying an additional 4,356 shares during the last quarter. Citigroup Inc. lifted its position in Agilysys by 2.6% during the 1st quarter. Citigroup Inc. now owns 18,889 shares of the software maker’s stock worth $753,000 after acquiring an additional 487 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Agilysys by 51.2% in the 1st quarter. MetLife Investment Management LLC now owns 11,027 shares of the software maker’s stock valued at $440,000 after buying an additional 3,732 shares during the period. Finally, Rhumbline Advisers raised its holdings in Agilysys by 6.4% during the first quarter. Rhumbline Advisers now owns 51,494 shares of the software maker’s stock worth $2,054,000 after purchasing an additional 3,116 shares during the last quarter. Institutional investors and hedge funds own 97.78% of the company’s stock.

Agilysys Company Profile

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Agilysys, Inc operates as a technology company. It offers innovative software for point-of-sale, payment gateway, reservation and table management, guest offers management, property management, inventory and procurement, analytics, document management, and mobile and wireless solutions and services to the hospitality industry.