TheStreet Lowers Agilysys (NASDAQ:AGYS) to D

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TheStreet cut shares of Agilysys (NASDAQ:AGYS) from a c- rating to a d rating in a research note published on Thursday, TheStreetRatingsTable reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Agilysys from a hold rating to a sell rating in a research note on Friday. Northland Securities began coverage on Agilysys in a research report on Friday. They set a buy rating and a $22.00 price objective for the company. BTIG Research assumed coverage on shares of Agilysys in a research report on Thursday, April 16th. They issued a neutral rating on the stock. National Securities lowered shares of Agilysys from a buy rating to a neutral rating and set a $20.00 target price for the company. in a research note on Friday. Finally, ValuEngine raised shares of Agilysys from a hold rating to a buy rating in a research note on Friday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $25.67.

Agilysys stock opened at $19.59 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $17.67 and a 200 day moving average price of $24.38. Agilysys has a 12-month low of $12.61 and a 12-month high of $37.17. The stock has a market cap of $475.27 million, a P/E ratio of -13.67 and a beta of 0.92.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.17. The business had revenue of $39.66 million during the quarter, compared to analysts’ expectations of $40.28 million. Agilysys had a negative net margin of 21.19% and a negative return on equity of 34.62%. As a group, analysts forecast that Agilysys will post -0.45 EPS for the current year.

In other Agilysys news, CFO Anthony Pritchett sold 4,224 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $34.02, for a total transaction of $143,700.48. Following the sale, the chief financial officer now directly owns 36,685 shares in the company, valued at approximately $1,248,023.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ramesh Srinivasan purchased 10,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $17.36 per share, with a total value of $173,600.00. Following the transaction, the chief executive officer now directly owns 175,348 shares in the company, valued at $3,044,041.28. The disclosure for this purchase can be found here. Insiders own 16.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGYS. Tower Research Capital LLC TRC increased its holdings in Agilysys by 5,337.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,305 shares of the software maker’s stock worth $33,000 after purchasing an additional 1,281 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Agilysys by 108.5% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,328 shares of the software maker’s stock worth $34,000 after buying an additional 691 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Agilysys during the fourth quarter worth approximately $41,000. Victory Capital Management Inc. raised its holdings in Agilysys by 10.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,647 shares of the software maker’s stock valued at $119,000 after acquiring an additional 347 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Agilysys in the fourth quarter worth approximately $200,000. 89.95% of the stock is owned by hedge funds and other institutional investors.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. The company offers point-of-sale, property management, reservation and table management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions to streamline operations, and enhance efficiency and guest experience.

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Analyst Recommendations for Agilysys (NASDAQ:AGYS)

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