Agilysys (NASDAQ:AGYS) Stock Price Down 5.4% - Time to Sell?

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report)'s share price fell 5.4% on Tuesday . The company traded as low as $110.86 and last traded at $111.13. 52,281 shares traded hands during trading, a decline of 75% from the average session volume of 212,414 shares. The stock had previously closed at $117.44.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AGYS. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Agilysys in a report on Monday, September 16th. StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Craig Hallum increased their price target on Agilysys from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. BTIG Research increased their price target on Agilysys from $95.00 to $118.00 and gave the stock a "buy" rating in a report on Friday, July 19th. Finally, Oppenheimer increased their price target on Agilysys from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, July 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

Agilysys Stock Performance

The company has a 50 day moving average price of $109.02 and a 200 day moving average price of $100.80. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.06 and a beta of 0.83.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $63.50 million during the quarter, compared to the consensus estimate of $64.52 million. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. Research analysts forecast that Agilysys, Inc. will post 0.62 EPS for the current year.

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the transaction, the insider now owns 22,888 shares of the company's stock, valued at approximately $2,490,901.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares of the company's stock, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,000 shares of company stock valued at $3,734,810. 19.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock worth $26,000 after buying an additional 154 shares in the last quarter. RiverPark Advisors LLC lifted its position in shares of Agilysys by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker's stock worth $202,000 after buying an additional 170 shares in the last quarter. CWM LLC lifted its position in shares of Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after buying an additional 199 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Agilysys by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker's stock worth $1,062,000 after buying an additional 200 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Agilysys by 6.2% during the 1st quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker's stock worth $294,000 after buying an additional 204 shares in the last quarter. 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.