Agilysys (NASDAQ:AGYS) Lowered to Hold at StockNews.com

Agilysys (NASDAQ:AGYSGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Needham & Company LLC raised their target price on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.75.

Read Our Latest Research Report on AGYS

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $84.85 on Tuesday. The stock has a market cap of $2.32 billion, a PE ratio of 26.60 and a beta of 0.66. The business has a fifty day moving average of $81.58 and a two-hundred day moving average of $80.01. Agilysys has a 52-week low of $62.00 and a 52-week high of $91.61.

Agilysys (NASDAQ:AGYSGet Free Report) last issued its quarterly earnings data on Monday, January 22nd. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. The company had revenue of $60.57 million during the quarter, compared to analysts’ expectations of $60.07 million. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The business’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. Analysts predict that Agilysys will post 0.55 earnings per share for the current year.

Insider Activity

In other news, major shareholder Mak Capital One Llc sold 13,710 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $78.16, for a total value of $1,071,573.60. Following the completion of the sale, the insider now directly owns 3,278,683 shares in the company, valued at $256,261,863.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Mak Capital One Llc sold 13,710 shares of Agilysys stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $78.16, for a total value of $1,071,573.60. Following the completion of the sale, the insider now directly owns 3,278,683 shares in the company, valued at $256,261,863.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William David Wood III sold 10,000 shares of Agilysys stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $85.45, for a total value of $854,500.00. Following the completion of the sale, the chief financial officer now owns 50,391 shares of the company’s stock, valued at $4,305,910.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,116,159 shares of company stock worth $90,852,116. 23.60% of the stock is owned by corporate insiders.

Institutional Trading of Agilysys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its position in Agilysys by 1.4% in the fourth quarter. Comerica Bank now owns 9,174 shares of the software maker’s stock worth $778,000 after purchasing an additional 123 shares during the period. Arizona State Retirement System increased its position in Agilysys by 2.0% in the third quarter. Arizona State Retirement System now owns 6,502 shares of the software maker’s stock worth $430,000 after purchasing an additional 129 shares during the period. RiverPark Advisors LLC increased its position in 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 purchasing an additional 133 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Agilysys by 13.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,185 shares of the software maker’s stock worth $94,000 after buying an additional 139 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Agilysys by 31.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 584 shares of the software maker’s stock worth $40,000 after buying an additional 141 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

About Agilysys

(Get Free Report)

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.

Read More

Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.