Agilysys (NASDAQ:AGYS) had its price objective upped by Maxim Group to $25.00 in a research note released on Thursday morning, The Fly reports. The firm currently has a buy rating on the software maker’s stock.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Agilysys from a hold rating to a buy rating in a research report on Monday, February 4th. BidaskClub cut Agilysys from a buy rating to a hold rating in a research report on Tuesday, December 4th.

Agilysys stock opened at $20.89 on Thursday. Agilysys has a 12 month low of $11.58 and a 12 month high of $21.38.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Thursday, January 24th. The software maker reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $36.01 million during the quarter. Agilysys had a negative return on equity of 9.12% and a negative net margin of 7.18%.

In other Agilysys news, Director Keith M. Kolerus sold 2,416 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $17.77, for a total value of $42,932.32. Following the completion of the transaction, the director now owns 143,930 shares in the company, valued at $2,557,636.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ramesh Srinivasan acquired 20,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was acquired at an average price of $18.40 per share, with a total value of $368,000.00. Following the transaction, the chief executive officer now directly owns 118,601 shares of the company’s stock, valued at approximately $2,182,258.40. The disclosure for this purchase can be found here. Insiders sold 7,922 shares of company stock valued at $151,607 in the last quarter. 26.80% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Agilysys by 12.7% in the third quarter. BlackRock Inc. now owns 2,539,194 shares of the software maker’s stock worth $41,389,000 after acquiring an additional 285,526 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Agilysys by 54.4% in the third quarter. Panagora Asset Management Inc. now owns 25,593 shares of the software maker’s stock valued at $417,000 after purchasing an additional 9,012 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Agilysys by 75.7% in the third quarter. William Blair Investment Management LLC now owns 1,018,829 shares of the software maker’s stock valued at $16,607,000 after purchasing an additional 438,842 shares during the last quarter. Algert Global LLC grew its holdings in Agilysys by 57.6% in the third quarter. Algert Global LLC now owns 125,655 shares of the software maker’s stock valued at $2,048,000 after purchasing an additional 45,919 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Agilysys in the fourth quarter valued at $1,406,000. Hedge funds and other institutional investors own 86.20% 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. The company offers point-of-sale, property management, reservation and table management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions to streamline operations, and enhance efficiency and guest experience.

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