Downgrades Agilysys (NASDAQ:AGYS) to Hold

Agilysys (NASDAQ:AGYSGet Free Report) was downgraded by analysts at from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Agilysys in a report on Tuesday. Oppenheimer increased their target price on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

Check Out Our Latest Stock Report on AGYS

Agilysys Stock Performance

AGYS stock traded up $4.02 during mid-day trading on Wednesday, reaching $96.18. 284,817 shares of the stock traded hands, compared to its average volume of 201,714. Agilysys has a one year low of $62.00 and a one year high of $96.80. The stock has a market capitalization of $2.63 billion, a PE ratio of 30.44 and a beta of 0.68. The business has a 50-day moving average price of $81.50 and a two-hundred day moving average price of $83.04.

Agilysys (NASDAQ:AGYSGet Free Report) last released its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 17.64%. The firm had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the same period in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities analysts expect that Agilysys will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Agilysys

A number of large investors have recently modified their holdings of the company. RiverPark Advisors LLC increased its holdings in Agilysys by 53.2% during the 4th quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after purchasing an additional 133 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of Agilysys during the first quarter valued at $35,000. Pacer Advisors Inc. raised its holdings in shares of Agilysys by 247.6% in the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after acquiring an additional 364 shares in the last quarter. Covestor Ltd lifted its stake in Agilysys by 20.0% in the third quarter. Covestor Ltd now owns 1,871 shares of the software maker’s stock worth $124,000 after acquiring an additional 312 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Agilysys during the 3rd quarter worth about $225,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

(Get Free Report)

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. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.

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