Agilysys (NASDAQ:AGYS) Hits New 12-Month Low on Analyst Downgrade
by Mitch Edgeman · The Markets DailyAgilysys, Inc. (NASDAQ:AGYS – Get Free Report)’s share price reached a new 52-week low on Thursday after Oppenheimer lowered their price target on the stock from $140.00 to $90.00. Oppenheimer currently has an outperform rating on the stock. Agilysys traded as low as $63.97 and last traded at $62.6910, with a volume of 7671 shares traded. The stock had previously closed at $65.61.
Several other equities analysts have also weighed in on the stock. Needham & Company LLC cut their price objective on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. BTIG Research began coverage on shares of Agilysys in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a report on Monday, December 15th. Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $131.40.
Check Out Our Latest Analysis on Agilysys
Insider Transactions at Agilysys
In related news, Director Melvin L. Keating acquired 300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was acquired at an average price of $83.62 per share, for a total transaction of $25,086.00. Following the completion of the acquisition, the director owned 35,007 shares of the company’s stock, valued at approximately $2,927,285.34. This represents a 0.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 1,000 shares of company stock worth $77,669 in the last three months. Company insiders own 8.60% of the company’s stock.
Institutional Investors Weigh In On Agilysys
A number of hedge funds have recently made changes to their positions in AGYS. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after acquiring an additional 172 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Agilysys by 118.5% in the 3rd quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock worth $27,000 after acquiring an additional 141 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Agilysys in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in Agilysys by 215.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock valued at $39,000 after buying an additional 250 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Agilysys in the 3rd quarter worth $43,000. 88.00% of the stock is currently owned by institutional investors.
Agilysys Stock Performance
The stock’s 50-day moving average price is $75.91 and its two-hundred day moving average price is $102.87. The stock has a market capitalization of $1.78 billion, a PE ratio of 59.20 and a beta of 0.43.
Agilysys (NASDAQ:AGYS – Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). The firm had revenue of $80.39 million for the quarter, compared to analysts’ expectations of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. On average, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.
Agilysys Company Profile
Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.
Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.