Agilysys (NASDAQ:AGYS) Price Target Lowered to $135.00 at Oppenheimer

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

A number of other equities analysts have also weighed in on AGYS. Needham & Company LLC reduced their price objective on Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday. BTIG Research upped their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have assigned 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 target price of $138.00.

Agilysys Trading Down 20.0 %

Shares of Agilysys stock opened at $100.67 on Wednesday. Agilysys has a 12-month low of $74.03 and a 12-month high of $142.64. The firm’s 50 day simple moving average is $131.84 and its two-hundred day simple moving average is $116.90. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 28.68 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73,149.20 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts predict that Agilysys will post 0.81 EPS for the current year.

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 264 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the transaction, the director now directly owns 330,576 shares in the company, valued at approximately $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 70,122 shares of company stock worth $9,002,291. Corporate insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. KBC Group NV increased its holdings in shares of Agilysys by 71.3% in 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 during the last quarter. Blue Trust Inc. grew its holdings in 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 increased its stake 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 acquiring an additional 535 shares during the last quarter. SG Americas Securities LLC raised its holdings 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 during the period. Finally, Harbor Investment Advisory LLC boosted its position in shares of Agilysys by 109.0% during the 4th 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.