Agilysys (NASDAQ:AGYS) Sets New 12-Month Low on Insider Selling

Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week low during trading 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. The stock had previously closed at $78.01.

Specifically, Director John Mutch sold 2,000 shares of the 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 directly owns 32,654 shares of the company’s stock, valued at $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Oppenheimer dropped their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Northland Securities lifted their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC lowered their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Craig Hallum cut their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, UBS Group set a $100.00 price objective on Agilysys in a research note on Wednesday, March 5th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Agilysys Stock Down 1.4 %

The stock has a 50-day simple moving average of $98.21 and a two-hundred day simple moving average of $111.18. The firm has a market cap of $2.07 billion, a PE ratio of 92.74 and a beta of 0.98. 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 announced its quarterly earnings data 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 analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after acquiring an additional 122 shares during the period. Amalgamated Bank boosted its stake in shares of Agilysys by 5.3% during the third quarter. Amalgamated Bank now owns 6,496 shares of the software maker’s stock valued at $708,000 after purchasing an additional 325 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Agilysys by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after purchasing an additional 2,949 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after buying an additional 2,687 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Agilysys by 4.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock worth $827,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

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.