Agilysys (NASDAQ:AGYS) Stock Price Down 5.4% – What’s Next?

Agilysys, Inc. (NASDAQ:AGYS) fell 5.4% during mid-day trading on Tuesday . The company traded as low as $110.86 and last traded at $111.13. 52,281 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 212,414 shares. The stock had previously closed at $117.44.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AGYS. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a report on Monday, September 16th. Northland Securities upped their price objective on shares of Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. William Blair initiated coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. Oppenheimer upped their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, BTIG Research upped their price target on shares of Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $124.00.

Agilysys Price Performance

The company’s 50-day moving average price is $109.05 and its two-hundred day moving average price is $100.61. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.18 and a beta of 0.83.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The company had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $64.52 million. During the same period in the prior year, the company posted $0.18 earnings per share. Agilysys’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that Agilysys, Inc. will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at $75,335,585.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the transaction, the chief executive officer now directly owns 738,367 shares in the company, valued at $75,335,585.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $3,734,810 over the last ninety days. 19.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. CWM LLC lifted its position in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys during the second quarter valued at about $32,000. NBC Securities Inc. bought a new position in shares of Agilysys during the third quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares in 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.