Agilysys (NASDAQ:AGYS) Hits New 12-Month Low – Here’s Why

Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week low on Monday . The company traded as low as $70.40 and last traded at $71.30, with a volume of 7306 shares trading hands. The stock had previously closed at $73.11.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AGYS. Northland Securities increased their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC reduced their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. UBS Group set a $100.00 price target on Agilysys in a research note on Wednesday, March 5th. Oppenheimer decreased their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Finally, Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Agilysys Price Performance

The business’s fifty day moving average price is $83.78 and its 200 day moving average price is $108.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market cap of $2.00 billion, a P/E ratio of 89.25 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. Sell-side analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the transaction, the director now owns 315,576 shares in the company, valued at $41,132,175.84. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Mutch sold 750 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,250 shares of company stock valued at $8,708,238 in the last 90 days. 19.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after buying an additional 180 shares during the period. Advisors Asset Management Inc. increased its position in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Harbor Investment Advisory LLC raised 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 worth $49,000 after purchasing an additional 193 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of 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 period. Finally, State of Tennessee Department of Treasury boosted its stake in shares of Agilysys by 2.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker’s stock valued at $1,225,000 after purchasing an additional 246 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

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.