Agilysys (NASDAQ:AGYS) Price Target Increased to $67.00 by Analysts at Northland Securities

Agilysys (NASDAQ:AGYSGet Rating) had its target price raised by Northland Securities from $61.00 to $67.00 in a report issued on Friday morning, The Fly reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other research analysts also recently weighed in on AGYS. Craig Hallum downgraded Agilysys from a buy rating to a hold rating and set a $50.00 target price on the stock. in a report on Wednesday, July 27th. TheStreet raised Agilysys from a d+ rating to a c- rating in a report on Friday, May 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $58.00.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $49.68 on Friday. Agilysys has a 1 year low of $31.49 and a 1 year high of $55.75. The stock’s fifty day moving average price is $50.31 and its 200-day moving average price is $43.69. The company has a market cap of $1.24 billion, a P/E ratio of 225.83 and a beta of 1.09.

Insiders Place Their Bets

In other Agilysys news, Director John Mutch sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $49.46, for a total value of $98,920.00. Following the completion of the sale, the director now owns 38,423 shares in the company, valued at $1,900,401.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 22.60% of the company’s stock.

Institutional Trading of Agilysys

Institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund grew its position in shares of Agilysys by 5.9% during the first quarter. New York State Common Retirement Fund now owns 127,318 shares of the software maker’s stock worth $5,077,000 after purchasing an additional 7,089 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Agilysys by 153.6% during the 4th quarter. GSA Capital Partners LLP now owns 27,807 shares of the software maker’s stock valued at $1,236,000 after buying an additional 16,842 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new position in Agilysys during the 4th quarter valued at approximately $314,000. Rhumbline Advisers grew its holdings in Agilysys by 2.7% during the 4th quarter. Rhumbline Advisers now owns 48,378 shares of the software maker’s stock valued at $2,151,000 after buying an additional 1,276 shares in the last quarter. Finally, Roubaix Capital LLC grew its holdings in Agilysys by 53.2% during the 1st quarter. Roubaix Capital LLC now owns 107,991 shares of the software maker’s stock valued at $4,307,000 after buying an additional 37,485 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

About Agilysys

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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, reservations management, and seat solutions to enhance guest experience.

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