Agilysys (NASDAQ:AGYS) Hits New 1-Year Low – Time to Sell?

Agilysys, Inc. (NASDAQ:AGYS)’s stock price reached a new 52-week low on Monday . The stock traded as low as $70.40 and last traded at $71.30, with a volume of 7306 shares changing hands. The stock had previously closed at $73.11.

Analyst Ratings Changes

Several research analysts have commented on the stock. Northland Securities upped their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. Needham & Company LLC cut their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Craig Hallum decreased their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Oppenheimer dropped 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Agilysys Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The business has a 50 day moving average price of $81.72 and a 200 day moving average price of $107.79. The stock has a market capitalization of $2.02 billion, a PE ratio of 90.33 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. Agilysys’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. As a group, equities research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the transaction, the director now owns 315,576 shares in the company, valued at approximately $41,132,175.84. This trade represents a 2.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,250 shares of company stock worth $8,708,238 in the last three months. Insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in shares of Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after acquiring an additional 180 shares during the period. Harbor Investment Advisory LLC boosted its position in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Agilysys by 2.0% during the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock valued at $1,398,000 after purchasing an additional 208 shares during the period. State of Tennessee Department of Treasury increased its position in shares of Agilysys by 2.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker’s stock valued at $1,225,000 after purchasing an additional 246 shares during the last quarter. Finally, Albert D Mason Inc. lifted its stake in shares of Agilysys by 2.3% in the 4th quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock worth $1,554,000 after purchasing an additional 267 shares during the period. 88.00% of the stock is currently owned by hedge funds and other 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.