Oppenheimer Lowers Agilysys (NASDAQ:AGYS) Price Target to $135.00

Agilysys (NASDAQ:AGYS) had its target price dropped by equities research analysts at Oppenheimer from $150.00 to $135.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price suggests a potential upside of 7.23% from the stock’s current price.

A number of other brokerages also recently weighed in on AGYS. Needham & Company LLC dropped their price target on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities upped their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, BTIG Research increased their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $139.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $125.90 on Wednesday. The stock has a market cap of $3.52 billion, a PE ratio of 35.87 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 moving average of $131.80 and a 200-day moving average of $116.74. Agilysys has a 52-week low of $74.03 and a 52-week high of $142.64.

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

Insider Activity

In other Agilysys news, Director John Mutch sold 500 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.86, for a total transaction of $68,930.00. Following the transaction, the director now owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris J. Robertson sold 264 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 22,624 shares in the company, valued at $2,281,856.64. This represents a 1.15 % decrease in their ownership of the stock. 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 three months. 19.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Agilysys in the third quarter valued at about $46,000. Harbor Investment Advisory LLC grew its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 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.