Agilysys (NASDAQ:AGYS) Downgraded by StockNews.com

StockNews.com downgraded shares of Agilysys (NASDAQ:AGYS) from a buy rating to a hold rating in a research report report published on Wednesday morning.

A number of other brokerages also recently weighed in on AGYS. Needham & Company LLC restated a buy rating and set a $100.00 price objective on shares of Agilysys in a research report on Tuesday. Oppenheimer increased their price target on Agilysys from $95.00 to $100.00 and gave the company an outperform rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $95.00.

Agilysys Stock Up 0.9 %

Shares of NASDAQ AGYS opened at $99.94 on Wednesday. The firm has a market cap of $2.73 billion, a P/E ratio of 31.63 and a beta of 0.68. Agilysys has a twelve month low of $63.08 and a twelve month high of $100.20. The company has a 50 day moving average of $81.92 and a 200 day moving average of $83.16.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The firm had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. As a group, equities analysts expect that Agilysys will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC increased its stake in shares of Agilysys by 53.2% in 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 in the last quarter. YHB Investment Advisors Inc. bought a new stake in Agilysys during the first quarter valued at about $35,000. Pacer Advisors Inc. increased its position in Agilysys by 247.6% in the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock worth $43,000 after buying an additional 364 shares in the last quarter. Covestor Ltd raised its stake in shares of 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 buying an additional 312 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Agilysys during the 3rd quarter valued at about $225,000. 88.00% of the stock is currently owned by institutional investors.

About Agilysys

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.