Northland Securities analyst Tim Klasell reiterated a Buy rating on Agilysys (AGYS) today and set a price target of $32.00. The company’s shares closed last Monday at $25.97, close to its 52-week high of $28.50.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 17.2% and a 64.5% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Zix Corporation, and Proofpoint Inc.
Currently, the analyst consensus on Agilysys is a Moderate Buy with an average price target of $33.50, representing a 27.6% upside. In a report released yesterday, National Securities Corp also initiated coverage with a Buy rating on the stock with a $35.00 price target.
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Based on Agilysys’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.58 million. In comparison, last year the company had a GAAP net loss of $3.79 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AGYS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Agilysys, Inc. operates as a technology company. It offers innovative software for point-of-sale, payment gateway, reservation and table management, guest offers management, property management, inventory and procurement, analytics, document management, and mobile and wireless solutions and services to the hospitality industry.
