Agilysys (NASDAQ:AGYS) Price Target Cut to $125.00 by Analysts at Needham & Company LLC

Agilysys (NASDAQ:AGYS) had its price objective dropped by equities researchers at Needham & Company LLC from $145.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s target price would suggest a potential downside of 0.71% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Oppenheimer lifted their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. BTIG Research upped their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Securities upped their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $142.00.

Agilysys Price Performance

Shares of AGYS opened at $125.90 on Wednesday. The firm has a fifty day moving average price of $131.80 and a 200 day moving average price of $116.74. The stock has a market cap of $3.52 billion, a PE ratio of 35.87 and a beta of 0.94. Agilysys has a 1-year low of $74.03 and a 1-year high of $142.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73,149.20 billion. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, sell-side analysts anticipate that Agilysys will post 0.81 EPS for the current year.

Insider Transactions at Agilysys

In other Agilysys news, CFO William David Wood III sold 588 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the transaction, the chief financial officer now directly owns 49,479 shares in the company, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the sale, the insider now owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 70,122 shares of company stock valued at $9,002,291. Corporate insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently bought and sold shares of AGYS. Linden Thomas Advisory Services LLC grew its holdings in Agilysys by 21.1% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,065 shares of the software maker’s stock valued at $404,000 after purchasing an additional 535 shares during the last quarter. SG Americas Securities LLC grew its stake in Agilysys by 320.5% in the 4th quarter. SG Americas Securities LLC now owns 4,192 shares of the software maker’s stock valued at $552,000 after acquiring an additional 3,195 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in 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 in the last quarter. Albert D Mason Inc. raised its position in Agilysys by 2.3% during the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock worth $1,554,000 after acquiring an additional 267 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Agilysys by 2.6% in the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock valued at $12,630,000 after purchasing an additional 2,949 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.