Oppenheimer Has Lowered Expectations for Agilysys (NASDAQ:AGYS) Stock Price

Agilysys (NASDAQ:AGYS) had its price target dropped by stock analysts at Oppenheimer from $135.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price would suggest a potential upside of 36.86% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Northland Securities raised their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Craig Hallum reduced their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Needham & Company LLC dropped their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group set a $100.00 price objective on shares of Agilysys in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

Agilysys Trading Down 2.1 %

NASDAQ:AGYS opened at $65.76 on Wednesday. Agilysys has a one year low of $64.25 and a one year high of $142.64. The company’s 50-day simple moving average is $78.75 and its 200 day simple moving average is $106.32. The firm has a market capitalization of $1.84 billion, a P/E ratio of 82.20 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

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

Insider Transactions at Agilysys

In related news, Director John Mutch sold 2,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $126.26, for a total value of $946,950.00. Following the sale, the director now directly owns 285,576 shares in the company, valued at approximately $36,056,825.76. This represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,750 shares of company stock worth $5,761,263 in the last three months. Corporate insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

Institutional investors have recently made changes to their positions in the business. Harbor Investment Advisory LLC boosted its stake in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC grew its position in Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after acquiring an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Agilysys in the 4th quarter worth about $61,000. Mpwm Advisory Solutions LLC bought a new stake in Agilysys in the fourth quarter worth about $64,000. Finally, Assetmark Inc. purchased a new position in shares of Agilysys during the fourth quarter valued at approximately $115,000. Hedge funds and other 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.