Agilysys (NASDAQ:AGYS) Price Target Cut to $90.00 by Analysts at Oppenheimer

Agilysys (NASDAQ:AGYS) had its price objective lowered by equities research analysts at Oppenheimer from $140.00 to $90.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price indicates a potential upside of 42.09% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Needham & Company LLC reduced their price target on Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. UBS Group restated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.40.

Agilysys Trading Down 3.5%

Agilysys stock opened at $63.34 on Thursday. Agilysys has a 12 month low of $63.97 and a 12 month high of $145.25. The stock’s 50 day moving average is $75.91 and its 200-day moving average is $102.87. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 58.53 and a beta of 0.43.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The firm had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. During the same period in the previous year, the company posted $0.38 EPS. Agilysys’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities research analysts predict that Agilysys will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director Melvin L. Keating bought 300 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were purchased at an average price of $83.62 per share, for a total transaction of $25,086.00. Following the purchase, the director directly owned 35,007 shares of the company’s stock, valued at approximately $2,927,285.34. This represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 1,000 shares of company stock valued at $77,669. 8.60% of the stock is owned by insiders.

Institutional Trading of Agilysys

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in Agilysys by 419.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after buying an additional 172 shares during the period. Global Retirement Partners LLC lifted its holdings in Agilysys by 118.5% in the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock worth $27,000 after buying an additional 141 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Agilysys in the fourth quarter worth about $34,000. Farther Finance Advisors LLC increased its stake in shares of Agilysys by 215.5% during the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Agilysys during the third quarter valued at approximately $43,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

About Agilysys

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.