Agilysys (NASDAQ:AGYS) Trading Down 6.3% - What's Next?

Key Points

• Agilysys shares fell 6.3%, trading at $98.58 and down from a previous close of $105.25.
• Despite the drop, analysts maintain a consensus target price of $121.57, with six analysts rating it a Buy.
• The company reported an earnings miss with an EPS of $0.33 against estimates of $0.36, although revenue increased by 20.7% year-over-year.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) traded down 6.3% during mid-day trading on Wednesday . The company traded as low as $100.21 and last traded at $98.58. 65,941 shares were traded during trading, a decline of 77% from the average session volume of 292,395 shares. The stock had previously closed at $105.25.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Agilysys from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Cantor Fitzgerald assumed coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price for the company. Finally, Oppenheimer raised their target price on shares of Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.57.

Agilysys Stock Down 3.8%

The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm's 50 day simple moving average is $109.29 and its two-hundred day simple moving average is $98.25. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 202.51 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. Agilysys's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. On average, equities analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Agilysys during the first quarter worth $1,078,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Agilysys by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock worth $102,000 after buying an additional 141 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Agilysys by 11.6% during the fourth quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock worth $632,000 after buying an additional 500 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Agilysys by 32.7% during the first quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker's stock worth $10,202,000 after buying an additional 34,660 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Agilysys by 22.9% during the first quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker's stock worth $436,000 after buying an additional 1,118 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.