Agilysys, Inc. (NASDAQ:AGYS) Receives $116.00 Average Target Price from Analysts

Agilysys, Inc. (NASDAQ:AGYS) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $116.00.

AGYS has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a research report on Wednesday, June 17th. Oppenheimer lifted their price objective on shares of Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Agilysys in a research report on Tuesday, May 19th. Finally, Piper Sandler assumed coverage on shares of Agilysys in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 price target for the company.

Agilysys Trading Up 3.3%

Shares of AGYS stock opened at $110.03 on Tuesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 80.91 and a beta of 0.37. Agilysys has a 12-month low of $61.50 and a 12-month high of $145.25. The stock’s 50-day moving average price is $90.53 and its 200-day moving average price is $85.79.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The company had revenue of $82.95 million during the quarter, compared to analyst estimates of $81.56 million. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts predict that Agilysys will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after purchasing an additional 172 shares during the period. Optiver Holding B.V. increased its position in shares of Agilysys by 700.0% during the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after purchasing an additional 399 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Agilysys during the 4th quarter valued at $34,000. Measured Wealth Private Client Group LLC purchased a new stake in Agilysys during the 3rd quarter valued at $43,000. Finally, Versant Capital Management Inc lifted its position in Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after buying an additional 233 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.