Agilysys (NASDAQ:AGYS) Rating Increased to Buy at StockNews.com

Agilysys (NASDAQ:AGYS) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Needham & Company LLC raised their price target on shares of Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agilysys currently has an average rating of “Buy” and a consensus price target of $88.75.

Agilysys Stock Down 0.1 %

Shares of NASDAQ AGYS opened at $80.59 on Tuesday. The business has a fifty day simple moving average of $80.62 and a 200-day simple moving average of $82.72. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 25.26 and a beta of 0.68. Agilysys has a 12 month low of $62.00 and a 12 month high of $91.61.

Insider Transactions at Agilysys

In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total value of $71,665,738.11. Following the sale, the insider now directly owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

Several large investors have recently added to or reduced their stakes in AGYS. Vanguard Group Inc. boosted its stake in Agilysys by 6.1% during the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock worth $121,617,000 after buying an additional 106,026 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Agilysys by 6.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,213,452 shares of the software maker’s stock worth $80,282,000 after buying an additional 72,111 shares during the period. Wasatch Advisors LP boosted its stake in Agilysys by 439.5% in the 1st 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 in the last quarter. Geneva Capital Management LLC grew its position in Agilysys by 10.6% in the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after acquiring an additional 65,672 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Agilysys by 159.4% during the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after acquiring an additional 369,780 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Company Profile

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.