Craig Hallum Cuts Agilysys (NASDAQ:AGYS) Price Target to $120.00

Agilysys (NASDAQ:AGYS) had its price target decreased by Craig Hallum from $125.00 to $120.00 in a research note published on Wednesday,Benzinga reports. Craig Hallum currently has a buy rating on the software maker’s stock.

AGYS has been the topic of a number of other reports. Oppenheimer decreased their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC reduced their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Northland Securities upped their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Agilysys Price Performance

Shares of AGYS opened at $92.24 on Wednesday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 115.30 and a beta of 0.94. The company’s fifty day simple moving average is $130.27 and its 200 day simple moving average is $116.55. Agilysys has a 1-year low of $74.03 and a 1-year high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.07 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, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $73,149.20 billion. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. On average, research analysts forecast that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the transaction, the director now owns 330,576 shares in the company, valued at approximately $43,156,696.80. The trade was a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,622 shares of company stock worth $9,727,391 in the last quarter. 19.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AGYS. Envestnet Asset Management Inc. lifted its position in Agilysys by 19.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,024 shares of the software maker’s stock valued at $9,688,000 after acquiring an additional 15,164 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Agilysys by 20.1% in the second quarter. XTX Topco Ltd now owns 3,401 shares of the software maker’s stock valued at $354,000 after purchasing an additional 570 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Agilysys during the second quarter valued at approximately $681,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Agilysys during the second quarter valued at approximately $268,000. Finally, Sei Investments Co. grew its holdings in Agilysys by 32.8% during the second quarter. Sei Investments Co. now owns 55,032 shares of the software maker’s stock worth $5,731,000 after buying an additional 13,595 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Company Profile

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.