Agilysys, Inc. (NASDAQ:AGYS – Get Rating)’s share price was up 2.7% during mid-day trading on Friday after Northland Securities raised their price target on the stock from $61.00 to $67.00. Northland Securities currently has an outperform rating on the stock. Agilysys traded as high as $48.02 and last traded at $48.02. Approximately 656 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 54,477 shares. The stock had previously closed at $46.77.
Other analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Agilysys from a “d+” rating to a “c-” rating in a research note on Friday, May 27th. Craig Hallum cut shares of Agilysys from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Wednesday, July 27th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.
Insiders Place Their Bets
In other Agilysys news, Director John Mutch sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $49.46, for a total transaction of $98,920.00. Following the completion of the transaction, the director now owns 38,423 shares in the company, valued at approximately $1,900,401.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 22.60% of the stock is owned by insiders.
Hedge Funds Weigh In On Agilysys
Agilysys Trading Up 6.2 %
The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 225.83 and a beta of 1.09. The stock’s 50 day moving average is $50.31 and its 200 day moving average is $43.69.
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, reservations management, and seat solutions to enhance guest experience.
- Get a free copy of the StockNews.com research report on Agilysys (AGYS)
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