StockNews.com Downgrades Agilysys (NASDAQ:AGYS) to Hold

Agilysys (NASDAQ:AGYS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

AGYS has been the topic of several other research reports. Oppenheimer boosted their price target on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Needham & Company LLC upped their target price on Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, William Blair began coverage on Agilysys in a research note on Monday, June 24th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Agilysys Stock Performance

NASDAQ:AGYS opened at $104.02 on Thursday. Agilysys has a 1 year low of $63.78 and a 1 year high of $105.00. The stock has a fifty day moving average price of $93.44 and a two-hundred day moving average price of $85.82. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 32.92 and a beta of 0.82.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share (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 the consensus estimate of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. On average, analysts predict that Agilysys will post 0.69 EPS for the current year.

Insider Buying and Selling

In other Agilysys news, 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 value of $11,679,298.36. Following the transaction, the director now directly owns 1,903,850 shares in the company, valued at approximately $190,613,462. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Jerry C. Jones sold 10,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $102.89, for a total transaction of $1,028,900.00. Following the transaction, the director now directly owns 40,982 shares in the company, valued at $4,216,637.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mak Capital One Llc sold 116,653 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $100.12, for a total value of $11,679,298.36. Following the completion of 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 quarter, insiders sold 700,935 shares of company stock worth $67,375,071. 23.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. RiverPark Advisors LLC increased its position in Agilysys by 53.2% during the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after purchasing an additional 133 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Agilysys by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock worth $1,558,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares during the period. Lazard Asset Management LLC boosted its holdings in Agilysys by 6.2% in the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after acquiring an additional 204 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Agilysys by 2.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock valued at $1,000,000 after acquiring an additional 306 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Company Profile

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.