Agilysys (NASDAQ:AGYS) Upgraded to “Buy” by StockNews.com

Agilysys (NASDAQ:AGYS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Separately, Needham & Company LLC boosted their price target on Agilysys from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $88.75.

Agilysys Trading Down 0.1 %

NASDAQ:AGYS opened at $80.59 on Tuesday. The firm has a fifty day simple moving average of $80.62 and a 200 day simple moving average of $82.72. Agilysys has a 1-year low of $62.00 and a 1-year high of $91.61. The stock has a market capitalization of $2.20 billion, a PE ratio of 25.26 and a beta of 0.68.

Insider Transactions at Agilysys

In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total value of $71,665,738.11. Following the transaction, the insider now directly owns 2,060,458 shares of the company’s stock, valued at approximately $170,173,226.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. RiverPark Advisors LLC grew its stake in Agilysys by 53.2% during the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after buying an additional 133 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Agilysys in the 1st quarter valued at approximately $35,000. Pacer Advisors Inc. grew its holdings in shares of Agilysys by 247.6% during the 4th quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after purchasing an additional 364 shares during the last quarter. Covestor Ltd boosted its position in Agilysys by 20.0% in the third quarter. Covestor Ltd now owns 1,871 shares of the software maker’s stock valued at $124,000 after buying an additional 312 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Agilysys during the 3rd quarter worth $225,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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, activity scheduling, reservations management, and related solutions to enhance guest experience.