Agilysys (NASDAQ:AGYS) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Agilysys (NASDAQ:AGYS) from a buy rating to a hold rating in a research report released on Tuesday.

Other analysts have also issued research reports about the stock. William Blair assumed coverage on shares of Agilysys in a research note on Monday. They set an outperform rating for the company. Oppenheimer lifted their price objective on shares of Agilysys from $95.00 to $100.00 and gave the stock an outperform rating in a report on Tuesday, May 14th. Finally, Needham & Company LLC lifted their price objective on shares of Agilysys from $100.00 to $125.00 and gave the stock a buy rating in a report on Thursday, May 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $103.33.

Agilysys Stock Up 3.1 %

NASDAQ:AGYS opened at $101.47 on Tuesday. The firm has a market capitalization of $2.79 billion, a P/E ratio of 32.11 and a beta of 0.78. The company has a fifty day moving average of $91.04 and a 200-day moving average of $84.95. Agilysys has a twelve month low of $63.08 and a twelve month high of $105.00.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.22 million during the quarter, compared to analyst estimates of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. Agilysys’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. On average, analysts anticipate that Agilysys will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kyle C. Badger sold 8,948 shares of the business’s 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 transaction, the senior vice president now directly 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 Securities & Exchange Commission, which is available through this link. In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the sale, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at $16,552,398.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mak Capital One Llc sold 116,653 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $100.12, for a total transaction of $11,679,298.36. Following the sale, the director now directly owns 1,903,850 shares in the company, valued at $190,613,462. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 700,392 shares of company stock valued at $67,319,669. 23.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Agilysys

Institutional investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC increased its position in shares of Agilysys by 53.2% during the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after buying an additional 133 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Agilysys during the first quarter valued at about $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 valued at $43,000 after buying 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 valued at $192,000 after buying an additional 1,138 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Agilysys by 6.2% during the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after buying an additional 204 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.