Agilysys (NASDAQ:AGYS) Reaches New 1-Year Low on Insider Selling

Shares of Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week low on Monday following insider selling activity. The stock traded as low as $73.50 and last traded at $73.70, with a volume of 178069 shares changing hands. The stock had previously closed at $78.01.

Specifically, Director John Mutch sold 2,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the transaction, the director now directly owns 32,654 shares in the company, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

AGYS has been the topic of a number of analyst reports. Needham & Company LLC cut their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Northland Securities increased their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Craig Hallum lowered their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. Finally, Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Agilysys Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $98.21 and a 200 day moving average price of $111.18. The stock has a market cap of $2.07 billion, a PE ratio of 92.74 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC purchased a new stake in shares of Agilysys during the 4th quarter worth $64,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Agilysys by 35.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,814 shares of the software maker’s stock worth $7,746,000 after purchasing an additional 15,401 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Agilysys by 11.6% in the fourth quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker’s stock worth $632,000 after purchasing an additional 500 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Agilysys during the fourth quarter valued at about $23,906,000. Finally, Redwood Investments LLC boosted its holdings in shares of Agilysys by 148.1% in the 4th quarter. Redwood Investments LLC now owns 53,529 shares of the software maker’s stock valued at $7,050,000 after buying an additional 31,951 shares in the last quarter. 88.00% of the stock is currently 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.