Shares of Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) reached a new 52-week low during mid-day trading on Monday following insider selling activity. The company traded as low as $73.50 and last traded at $73.70, with a volume of 178069 shares trading hands. The stock had previously closed at $78.01.
Specifically, Director John Mutch sold 2,000 shares of the company's 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 transaction, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. This represents a 5.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Analyst Ratings Changes
AGYS has been the topic of a number of research analyst reports. UBS Group set a $100.00 target price on shares of Agilysys in a research note on Wednesday, March 5th. Northland Securities upped their target price 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. Oppenheimer dropped their target price on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 22nd. Craig Hallum dropped 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. Finally, Needham & Company LLC dropped their target price on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.50.
View Our Latest Stock Analysis on AGYS
Agilysys Stock Up 3.5 %
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market capitalization of $2.07 billion, a PE ratio of 92.55 and a beta of 0.98. The business has a 50 day moving average of $95.89 and a two-hundred day moving average of $110.64.
Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to analysts' expectations of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in Agilysys during the fourth quarter worth about $64,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Agilysys by 35.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,814 shares of the software maker's stock worth $7,746,000 after purchasing an additional 15,401 shares in the last quarter. Two Sigma Advisers LP boosted its position in Agilysys by 11.6% during the fourth quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock worth $632,000 after purchasing an additional 500 shares in the last quarter. Tidal Investments LLC purchased a new position in Agilysys during the fourth quarter worth approximately $23,906,000. Finally, Redwood Investments LLC boosted its position in Agilysys by 148.1% during the fourth quarter. Redwood Investments LLC now owns 53,529 shares of the software maker's stock worth $7,050,000 after purchasing an additional 31,951 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.
About Agilysys
(
Get Free Report)
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.
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