Oppenheimer Lowers Agilysys (NASDAQ:AGYS) Price Target to $90.00

Agilysys (NASDAQ:AGYS) had its price target lowered by Oppenheimer from $135.00 to $90.00 in a report published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

Other equities analysts have also issued research reports about the company. Craig Hallum cut their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC cut their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Northland Securities lifted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $120.00.

Agilysys Stock Performance

Shares of AGYS traded down $3.27 during mid-day trading on Wednesday, reaching $69.64. The company had a trading volume of 90,721 shares, compared to its average volume of 360,369. The stock has a market capitalization of $1.95 billion, a P/E ratio of 86.98 and a beta of 0.64. Agilysys has a 52-week low of $63.71 and a 52-week high of $142.64. The stock has a 50 day moving average of $78.02 and a two-hundred day moving average of $105.85. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

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

Insiders Place Their Bets

In other news, Director John Mutch sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares in the company, valued at $2,542,766.98. This trade represents a 5.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $130.29, for a total value of $977,175.00. Following the completion of the transaction, the director now directly owns 293,076 shares in the company, valued at approximately $38,184,872.04. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,750 shares of company stock valued at $5,761,263 in the last 90 days. 19.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Synergy Asset Management LLC lifted its holdings in shares of Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock worth $11,157,000 after acquiring an additional 13,785 shares during the last quarter. State Street Corp lifted its stake in Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after buying an additional 30,655 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after buying an additional 336 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in Agilysys during the 4th quarter valued at about $315,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.