Needham & Company LLC Cuts Agilysys (NASDAQ:AGYS) Price Target to $100.00

Agilysys (NASDAQ:AGYS) had its price objective lowered by research analysts at Needham & Company LLC from $125.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target points to a potential upside of 26.76% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Oppenheimer lowered their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Craig Hallum decreased their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Northland Securities upped their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

Agilysys Stock Down 3.3 %

AGYS stock opened at $78.89 on Wednesday. Agilysys has a 1-year low of $74.03 and a 1-year high of $142.64. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 98.61 and a beta of 0.93. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $101.68 and its 200 day moving average is $111.84.

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

Insider Buying and Selling

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the transaction, the director now owns 233,076 shares in the company, valued at $22,533,787.68. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 67,500 shares of company stock worth $8,496,000 in the last ninety days. 19.30% of the stock is owned by insiders.

Institutional Trading of Agilysys

A number of hedge funds have recently made changes to their positions in AGYS. US Bancorp DE grew its stake in shares of Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after acquiring an additional 122 shares during the period. Blue Trust Inc. increased its holdings in shares of Agilysys by 18.9% in the 4th 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 worth $37,000 after acquiring an additional 182 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares during the period. Finally, Natixis Advisors LLC boosted its position in Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock valued at $1,398,000 after buying an additional 208 shares during the last quarter. 88.00% of the stock is owned by 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.