StockNews.com lowered shares of Agilysys (NASDAQ:AGYS – Free Report) from a buy rating to a hold rating in a report released on Tuesday morning.
Separately, Needham & Company LLC boosted their target price on Agilysys from $92.00 to $100.00 and gave the stock a buy rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Agilysys presently has a consensus rating of Moderate Buy and an average price target of $88.75.
Check Out Our Latest Research Report on AGYS
Agilysys Stock Performance
AGYS traded down $2.80 during midday trading on Tuesday, reaching $82.05. 203,311 shares of the company were exchanged, compared to its average volume of 217,348. The company’s fifty day moving average price is $81.48 and its 200 day moving average price is $80.10. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 25.72 and a beta of 0.66. Agilysys has a one year low of $62.00 and a one year high of $91.61.
Agilysys (NASDAQ:AGYS – Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The software maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The firm had revenue of $60.57 million during the quarter, compared to analyst estimates of $60.07 million. During the same period in the previous year, the company posted $0.26 EPS. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Agilysys will post 0.55 earnings per share for the current fiscal year.
Insider Transactions at Agilysys
In related news, major shareholder Mak Capital One Llc sold 13,356 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.08, for a total value of $1,002,768.48. Following the transaction, the insider now owns 3,063,071 shares in the company, valued at $229,975,370.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO William David Wood III sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $85.45, for a total value of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares in the company, valued at $4,305,910.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Mak Capital One Llc sold 13,356 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $75.08, for a total value of $1,002,768.48. Following the completion of the transaction, the insider now owns 3,063,071 shares in the company, valued at approximately $229,975,370.68. The disclosure for this sale can be found here. Insiders have sold 1,116,159 shares of company stock worth $90,852,116 in the last 90 days. Insiders own 23.60% of the company’s stock.
Institutional Investors Weigh In On Agilysys
Several institutional investors have recently made changes to their positions in AGYS. Fred Alger Management LLC purchased a new stake in shares of Agilysys during the fourth quarter worth $44,630,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Agilysys by 72.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 929,473 shares of the software maker’s stock worth $73,559,000 after acquiring an additional 389,710 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Agilysys by 159.4% during the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after acquiring an additional 369,780 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Agilysys by 2,224.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 272,201 shares of the software maker’s stock worth $22,460,000 after purchasing an additional 260,492 shares during the period. Finally, FMR LLC increased its holdings in shares of Agilysys by 333.4% in the first quarter. FMR LLC now owns 203,122 shares of the software maker’s stock worth $16,760,000 after purchasing an additional 156,251 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.
About Agilysys
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.