Craig Hallum Issues Pessimistic Forecast for Agilysys (NASDAQ:AGYS) Stock Price

Agilysys (NASDAQ:AGYS) had its price objective decreased by equities researchers at Craig Hallum from $125.00 to $120.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Craig Hallum’s target price suggests a potential upside of 25.43% from the company’s previous close.

AGYS has been the subject of a number of other reports. Needham & Company LLC cut their price target on Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer dropped their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Northland Securities lifted their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $138.00.

Agilysys Stock Performance

Shares of Agilysys stock opened at $95.67 on Wednesday. The business has a fifty day simple moving average of $131.35 and a 200-day simple moving average of $116.79. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.67 billion, a PE ratio of 119.59 and a beta of 0.94. Agilysys has a 12 month low of $74.03 and a 12 month high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data 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. Agilysys had a net margin of 8.45% and a return on equity of 9.44%. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73,149.20 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts anticipate that Agilysys will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the sale, the director now owns 34,654 shares in the company, valued at approximately $4,777,400.44. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total transaction of $941,175.00. Following the completion of the sale, the director now owns 248,076 shares in the company, valued at $31,131,057.24. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,122 shares of company stock valued at $9,002,291. Company insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. acquired a new stake in Agilysys during the third quarter worth approximately $46,000. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds 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.