Agilysys (NASDAQ:AGYS) Upgraded at StockNews.com

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

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

Agilysys Stock Up 1.5 %

Shares of NASDAQ AGYS traded up $1.18 during midday trading on Tuesday, reaching $80.69. 250,405 shares of the stock were exchanged, compared to its average volume of 197,575. The firm has a 50-day simple moving average of $80.57 and a two-hundred day simple moving average of $82.74. Agilysys has a twelve month low of $62.00 and a twelve month high of $91.61. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 25.29 and a beta of 0.68.

Insider Activity at Agilysys

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

Institutional Investors Weigh In On Agilysys

Large investors have recently bought and sold shares of the company. RiverPark Advisors LLC boosted its stake in shares of Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after acquiring an additional 133 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in Agilysys during the 1st quarter worth $35,000. Pacer Advisors Inc. grew its holdings in shares of Agilysys by 247.6% during the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock worth $43,000 after buying an additional 364 shares in the last quarter. Covestor Ltd raised its position in shares of 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 during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Agilysys in the third quarter worth about $225,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

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.