Craig Hallum Issues Pessimistic Forecast for Agilysys (NASDAQ:AGYS) Stock Price

Agilysys (NASDAQ:AGYS) had its price target lowered by Craig Hallum from $125.00 to $120.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC reduced their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday. Northland Securities increased their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. BTIG Research boosted their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Oppenheimer lowered their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Agilysys Stock Performance

AGYS stock opened at $100.67 on Wednesday. The stock has a market cap of $2.81 billion, a P/E ratio of 28.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a 50 day simple moving average of $131.84 and a 200 day simple moving average of $116.90. Agilysys has a 52 week low of $74.03 and a 52 week high of $142.64.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73,149.20 billion. During the same period in the previous year, the company posted $0.35 EPS. Agilysys’s revenue was up 14.9% on a year-over-year basis. Research analysts anticipate that Agilysys will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 471 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 transaction of $47,505.06. Following the sale, the senior vice president now owns 115,117 shares in the company, valued at $11,610,700.62. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris J. Robertson sold 264 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,122 shares of company stock valued at $9,002,291 in the last ninety days. Company insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

Several institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its holdings in shares of Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after buying an additional 122 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after acquiring an additional 166 shares during the last quarter. Blue Trust Inc. boosted its holdings in Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after acquiring an additional 180 shares during the last quarter. Advisors Asset Management Inc. increased its position in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the period. Finally, Harbor Investment Advisory LLC lifted its position in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

About Agilysys

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.