Agilysys (NASDAQ:AGYS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a buy rating in a report released on Wednesday.

Several other equities analysts have also recently commented on the company. Oppenheimer upped their price target on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Monday, September 16th. Northland Securities upped their price target on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Craig Hallum upped their price target on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, BTIG Research upped their price target on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $124.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $110.19 on Wednesday. Agilysys has a twelve month low of $73.52 and a twelve month high of $125.73. The stock has a market capitalization of $3.07 billion, a PE ratio of 30.44 and a beta of 0.83. The stock has a 50-day simple moving average of $109.12 and a 200 day simple moving average of $101.11.

Insider Transactions at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the transaction, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at approximately $75,335,585.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the sale, the chief executive officer now directly owns 738,367 shares in the company, valued at $75,335,585.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mutch sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now owns 36,326 shares in the company, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,000 shares of company stock valued at $3,734,810. Corporate insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

A number of large investors have recently bought and sold shares of AGYS. GAMMA Investing LLC boosted its position in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. CWM LLC boosted its position in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after buying an additional 199 shares during the last quarter. Larson Financial Group LLC bought a new position in Agilysys in the 2nd quarter valued at $32,000. NBC Securities Inc. bought a new position in Agilysys in the 3rd quarter valued at $46,000. Finally, Exchange Traded Concepts LLC boosted its position in Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

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.