Agilysys (NASDAQ:AGYS) Price Target Cut to $135.00 by Analysts at Oppenheimer

Agilysys (NASDAQ:AGYS) had its price objective decreased by Oppenheimer from $150.00 to $135.00 in a research note released on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

A number of other equities analysts have also recently commented on the company. Northland Securities lifted their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC dropped their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday. BTIG Research increased their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Agilysys Stock Down 20.0 %

NASDAQ AGYS opened at $100.67 on Wednesday. The stock has a 50 day moving average price of $131.84 and a 200-day moving average price of $116.90. Agilysys has a one year low of $74.03 and a one year high of $142.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a market capitalization of $2.81 billion, a P/E ratio of 28.68 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73,149.20 billion. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. As a group, equities analysts predict that Agilysys will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $125.49, for a total transaction of $941,175.00. Following the transaction, the director now directly owns 248,076 shares in the company, valued at $31,131,057.24. This trade represents a 2.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris J. Robertson sold 264 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,122 shares of company stock valued at $9,002,291 in the last 90 days. Company insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Several institutional investors have recently bought and sold shares of AGYS. KBC Group NV boosted its position in Agilysys by 71.3% during the fourth quarter. KBC Group NV now owns 1,127 shares of the software maker’s stock valued at $148,000 after purchasing an additional 469 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after buying an additional 180 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Agilysys by 21.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,065 shares of the software maker’s stock worth $404,000 after buying an additional 535 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Agilysys by 320.5% during the 4th quarter. SG Americas Securities LLC now owns 4,192 shares of the software maker’s stock worth $552,000 after acquiring an additional 3,195 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other 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.