Agilysys (NASDAQ:AGYS) Reaches New 12-Month Low – Time to Sell?

Agilysys, Inc. (NASDAQ:AGYS)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $73.50 and last traded at $73.70, with a volume of 178069 shares. The stock had previously closed at $78.01.

Wall Street Analysts Forecast Growth

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

Agilysys Stock Down 5.2 %

The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $100.52 and a two-hundred day simple moving average of $111.67. The stock has a market capitalization of $2.07 billion, a P/E ratio of 92.45 and a beta of 0.98.

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, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Equities research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the transaction, the director now owns 315,576 shares in the company, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 67,500 shares of company stock worth $8,496,000 in the last three months. Insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

A number of large investors have recently modified their holdings of AGYS. US Bancorp DE lifted its holdings in Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after buying an additional 122 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after acquiring an additional 180 shares during the period. Advisors Asset Management Inc. boosted its holdings in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Harbor Investment Advisory LLC increased its position in Agilysys by 109.0% in the fourth 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 period. Finally, Natixis Advisors LLC raised its holdings in Agilysys by 2.0% during 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 currently owned by institutional investors and hedge funds.

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.