Agilysys (NASDAQ:AGYS) Price Target Lowered to $90.00 at Oppenheimer

Key Points

• Oppenheimer cut its price target on Agilysys from $140 to $90 but kept an "outperform" rating, with the new target implying roughly a 42% upside from the prior close.
• Agilysys reported $0.42 EPS for the quarter (missing estimates by $0.04) while revenue of $80.39 million beat expectations and rose 15.6% year‑over‑year.
• Shares opened at $63.34 (near the 1‑year low) with a $1.78 billion market cap; the 50‑day SMA ($75.91) is well below the 200‑day SMA ($102.87), signaling recent weakness, while institutional ownership is about 88% and insiders hold ~8.6%.

Agilysys (NASDAQ:AGYS - Get Free Report) had its target price dropped by investment analysts at Oppenheimer from $140.00 to $90.00 in a report released on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the software maker's stock. Oppenheimer's target price suggests a potential upside of 42.09% from the stock's previous close.

Several other brokerages also recently commented on AGYS. BTIG Research assumed coverage on Agilysys in a report on Tuesday, December 16th. They set a "neutral" rating for the company. Needham & Company LLC lowered their price objective on Agilysys from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. Zacks Research raised Agilysys from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. UBS Group reissued a "buy" rating on shares of Agilysys in a report on Monday, December 15th. Finally, Wall Street Zen lowered Agilysys from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.40.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $63.34 on Thursday. Agilysys has a 1 year low of $63.97 and a 1 year high of $145.25. The stock has a market capitalization of $1.78 billion, a P/E ratio of 58.53 and a beta of 0.43. The stock has a 50-day simple moving average of $75.91 and a 200-day simple moving average of $102.87.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.04). The firm had revenue of $80.39 million for the quarter, compared to analysts' expectations of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. Analysts predict that Agilysys will post 0.8 earnings per share for the current year.

Insider Activity at Agilysys

In other Agilysys news, Director Melvin L. Keating bought 300 shares of the firm's stock in a transaction on Tuesday, February 3rd. The stock was purchased at an average cost of $83.62 per share, with a total value of $25,086.00. Following the completion of the purchase, the director owned 35,007 shares in the company, valued at approximately $2,927,285.34. The trade was a 0.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 1,000 shares of company stock worth $77,669 over the last ninety days. 8.60% of the stock is owned by insiders.

Institutional Trading of Agilysys

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Agilysys by 419.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker's stock valued at $25,000 after purchasing an additional 172 shares in the last quarter. Global Retirement Partners LLC increased its position in Agilysys by 118.5% during the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker's stock worth $27,000 after buying an additional 141 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Agilysys during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC increased its position in Agilysys by 215.5% during the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker's stock worth $39,000 after buying an additional 250 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Agilysys during the third quarter worth approximately $43,000. 88.00% of the stock is currently owned by institutional investors.

About Agilysys

Agilysys, Inc is a publicly traded technology company NASDAQ: AGYS that specializes in providing software and services to the hospitality industry. The company's solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.

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