Agilysys (NASDAQ:AGYS) Downgraded to “Strong Sell” Rating by Zacks Research

Agilysys (NASDAQ:AGYS) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

AGYS has been the topic of a number of other research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $140.00 price target on shares of Agilysys in a research report on Tuesday, October 28th. Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of Agilysys in a report on Tuesday. Finally, Oppenheimer increased their price target on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $145.40.

Agilysys Trading Down 0.5%

NASDAQ:AGYS opened at $85.26 on Wednesday. The company has a market cap of $2.40 billion, a P/E ratio of 79.68 and a beta of 0.43. The company’s 50-day moving average price is $117.78 and its 200-day moving average price is $114.85. Agilysys has a twelve month low of $63.71 and a twelve month high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The firm had revenue of $80.39 million for the quarter, compared to analysts’ expectations of $79.07 million. During the same period last year, the firm earned $0.38 earnings per share. Agilysys’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts expect that Agilysys will post 0.8 earnings per share for the current year.

Insider Transactions at Agilysys

In related news, insider Sethuram Shivashankar sold 497 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $61,946.08. Following the sale, the insider directly owned 24,031 shares of the company’s stock, valued at approximately $2,995,223.84. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kyle C. Badger sold 502 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $62,569.28. Following the sale, the senior vice president directly owned 114,911 shares of the company’s stock, valued at approximately $14,322,507.04. This trade represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,576 shares of company stock worth $1,189,070 in the last quarter. 8.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC increased its holdings in Agilysys by 118.5% during the 3rd quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock worth $27,000 after purchasing an additional 141 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Agilysys during the second quarter worth approximately $30,000. GAMMA Investing LLC increased its stake in shares of Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after buying an additional 92 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Agilysys by 215.5% in the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock valued at $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Agilysys during the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.