Agilysys (NASDAQ:AGYS) Price Target Raised to $125.00 at Oppenheimer

Agilysys (NASDAQ:AGYS) had its price target lifted by Oppenheimer from $120.00 to $125.00 in a research report released on Tuesday morning, MarketBeat Ratings reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

Several other analysts have also weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $125.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Finally, Northland Securities set a $152.00 target price on Agilysys in a report on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Agilysys currently has an average rating of “Buy” and an average price target of $121.57.

Agilysys Stock Performance

AGYS opened at $108.14 on Tuesday. The stock’s 50 day simple moving average is $111.96 and its 200-day simple moving average is $95.31. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.03 billion, a PE ratio of 216.28 and a beta of 0.64. Agilysys has a 1 year low of $63.71 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. Sell-side analysts forecast that Agilysys will post 0.8 EPS for the current year.

Insider Activity at Agilysys

In other news, insider Chris J. Robertson sold 258 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the completion of the sale, the insider directly owned 21,137 shares in the company, valued at approximately $2,396,724.43. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kyle C. Badger sold 326 shares of Agilysys stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the transaction, the senior vice president directly owned 114,791 shares of the company’s stock, valued at $13,016,151.49. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 905 shares of company stock valued at $102,618 in the last three months. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its position in shares of Agilysys by 174.7% during the fourth quarter. Ameriprise Financial Inc. now owns 202,017 shares of the software maker’s stock worth $26,608,000 after purchasing an additional 128,475 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Agilysys in the 4th quarter worth approximately $680,000. Cresset Asset Management LLC acquired a new position in Agilysys during the 4th quarter worth $248,000. Deutsche Bank AG boosted its position in Agilysys by 2.1% in the 4th quarter. Deutsche Bank AG now owns 211,548 shares of the software maker’s stock valued at $27,863,000 after buying an additional 4,352 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Agilysys in the 4th quarter valued at $206,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

About Agilysys

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.