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

Agilysys (NASDAQ:AGYS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other analysts have also recently commented on the stock. William Blair assumed coverage on shares of Agilysys in a research note on Monday. They issued an “outperform” rating on the stock. Needham & Company LLC raised their price objective on Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Oppenheimer raised their price objective on Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.33.

Agilysys Trading Down 1.4 %

NASDAQ:AGYS opened at $100.05 on Tuesday. The stock has a 50-day moving average price of $91.39 and a 200 day moving average price of $85.06. The stock has a market capitalization of $2.75 billion, a P/E ratio of 31.66 and a beta of 0.78. Agilysys has a 12-month low of $63.08 and a 12-month high of $105.00.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $62.22 million during the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. On average, research analysts predict that Agilysys will post 0.69 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 8,948 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $99.15, for a total value of $887,194.20. Following the completion of the transaction, the senior vice president now owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mak Capital One Llc sold 45,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $98.48, for a total value of $4,431,600.00. Following the completion of the transaction, the director now owns 1,253,407 shares of the company’s stock, valued at approximately $123,435,521.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kyle C. Badger sold 8,948 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the sale, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 700,392 shares of company stock valued at $67,319,669. Insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently bought and sold shares of AGYS. RiverPark Advisors LLC lifted its holdings in Agilysys by 53.2% during the 4th quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after buying an additional 133 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Agilysys during the first quarter worth approximately $35,000. Pacer Advisors Inc. increased its position in shares of Agilysys by 247.6% during the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock worth $43,000 after acquiring an additional 364 shares during the period. Covestor Ltd increased its position in shares of Agilysys by 99.9% during the first quarter. Covestor Ltd now owns 2,277 shares of the software maker’s stock worth $192,000 after acquiring an additional 1,138 shares during the period. Finally, Vawter Financial Ltd. purchased a new position in shares of Agilysys during the third quarter worth approximately $245,000. Institutional investors own 88.00% 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. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.