Agilysys (NASDAQ:AGYS - Get Free Report) had its price target cut by research analysts at Needham & Company LLC from $125.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the software maker's stock. Needham & Company LLC's target price suggests a potential upside of 28.19% from the company's previous close.
Several other research analysts have also recently weighed in on AGYS. Oppenheimer decreased their target price on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, January 22nd. Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, Craig Hallum decreased 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $133.00.
View Our Latest Stock Analysis on Agilysys
Agilysys Stock Performance
Shares of NASDAQ:AGYS traded down $0.88 on Wednesday, hitting $78.01. The company's stock had a trading volume of 271,124 shares, compared to its average volume of 417,723. Agilysys has a 12 month low of $74.03 and a 12 month high of $142.64. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 97.51 and a beta of 0.98. The stock's 50-day moving average is $100.52 and its two-hundred day moving average is $111.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.
Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (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 company had revenue of $69.60 million during the quarter, compared to analysts' expectations of $73.15 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities research analysts forecast that Agilysys will post 0.8 EPS for the current year.
Insider Buying and Selling
In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the sale, the director now directly owns 315,576 shares of the company's stock, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 67,500 shares of company stock valued at $8,496,000. Corporate insiders own 19.30% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its position in Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock worth $133,000 after purchasing an additional 122 shares during the last quarter. Blue Trust Inc. increased its position in Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock worth $149,000 after purchasing an additional 180 shares during the last quarter. Advisors Asset Management Inc. increased its position in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC increased its position in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock worth $1,398,000 after purchasing an additional 208 shares during 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.
Read More
Before you consider Agilysys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agilysys wasn't on the list.
While Agilysys currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
