Agilysys (NASDAQ:AGYS) Sets New 1-Year Low - Time to Sell?

Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $70.40 and last traded at $71.30, with a volume of 7306 shares trading hands. The stock had previously closed at $73.11.

Analyst Ratings Changes

AGYS has been the subject of a number of research reports. UBS Group set a $100.00 target price on shares of Agilysys in a report on Wednesday, March 5th. Needham & Company LLC dropped their price objective on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Craig Hallum decreased their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Oppenheimer dropped their price target on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. 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 analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Agilysys has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

Agilysys Stock Performance

The firm has a 50 day simple moving average of $80.71 and a 200-day simple moving average of $107.31. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 86.69 and a beta of 0.98. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. Agilysys's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. As a group, analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00. Following the transaction, the director now owns 300,576 shares of the company's stock, valued at approximately $39,688,055.04. This represents a 2.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction dated 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 directly owns 32,654 shares of the company's stock, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,750 shares of company stock worth $7,729,113. 19.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AGYS. Harbor Investment Advisory LLC grew its position in shares of 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 in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Agilysys in the 4th quarter valued at approximately $61,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Agilysys during the 4th quarter worth $64,000. Finally, Assetmark Inc. purchased a new stake in shares of Agilysys during the 4th quarter worth $115,000. 88.00% of the stock is owned by institutional investors and hedge funds.

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.