Agilysys (NASDAQ:AGYS) Sets New 1-Year Low - Should You Sell?

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $66.29 and last traded at $67.68, with a volume of 101245 shares trading hands. The stock had previously closed at $69.35.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Needham & Company LLC decreased their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Northland Securities lifted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Oppenheimer cut their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday. Craig Hallum lowered their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, UBS Group set a $100.00 target price on Agilysys in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

Agilysys Trading Down 1.8 %

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 business's fifty day moving average is $77.35 and its 200 day moving average is $105.32. The stock has a market cap of $1.92 billion, a PE ratio of 85.90 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly 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. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. During the same quarter in the previous year, the company earned $0.35 EPS. The company's quarterly revenue was up 14.9% on a year-over-year basis. As a group, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00. Following the completion of the sale, the director now owns 270,576 shares in the company, valued at approximately $35,981,196.48. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mutch sold 750 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,250 shares of company stock valued at $4,784,088 in the last ninety days. Insiders own 19.30% of the company's stock.

Institutional Investors Weigh In On Agilysys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synergy Asset Management LLC grew its position in shares of Agilysys by 19.1% during the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock valued at $11,157,000 after buying an additional 13,785 shares during the last quarter. State Street Corp raised its position in shares of Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker's stock worth $100,124,000 after purchasing an additional 43,760 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock worth $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Agilysys by 381.8% during 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 period. Finally, Atria Investments Inc bought a new position in Agilysys during the 4th quarter worth $315,000. 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.