Agilysys (NASDAQ:AGYS) Given New $90.00 Price Target at Oppenheimer

Agilysys (NASDAQ:AGYS - Free Report) had its price objective decreased by Oppenheimer from $135.00 to $90.00 in a research note published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the software maker's stock.

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

Agilysys Stock Performance

Agilysys stock traded down $0.79 during mid-day trading on Wednesday, reaching $67.93. The company had a trading volume of 74,059 shares, compared to its average volume of 258,088. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 84.91 and a beta of 0.64. The company has a 50 day moving average of $77.35 and a 200-day moving average of $105.28. Agilysys has a 52 week low of $63.71 and a 52 week high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million during 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 firm's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. On average, sell-side analysts expect that Agilysys will post 0.8 EPS for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the transaction, the director now owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Friday, January 17th. The shares were sold at an average price of $128.17, for a total value of $961,275.00. Following the completion of the sale, the director now directly owns 255,576 shares of the company's stock, valued at $32,757,175.92. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,750 shares of company stock valued at $3,837,138 in the last three months. Corporate insiders own 19.30% of the company's stock.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after purchasing an additional 180 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after buying an additional 193 shares during the period. Natixis Advisors LLC boosted its stake in Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after acquiring an additional 208 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in Agilysys by 2.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock worth $1,225,000 after acquiring an additional 246 shares during the period. Finally, Albert D Mason Inc. raised its position in shares of Agilysys by 2.3% during the 4th quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock valued at $1,554,000 after acquiring an additional 267 shares during the last quarter. Institutional investors 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.