TheStreet Lowers Agilysys (NASDAQ:AGYS) to D

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TheStreet lowered shares of Agilysys (NASDAQ:AGYS) from a c- rating to a d rating in a report published on Thursday morning, TheStreetRatingsTable reports.

A number of other equities analysts also recently issued reports on AGYS. BidaskClub raised Agilysys from a sell rating to a hold rating in a research report on Saturday. BTIG Research started coverage on shares of Agilysys in a report on Thursday, April 16th. They set a neutral rating on the stock. Sidoti reduced their price target on shares of Agilysys from $35.00 to $29.00 and set a buy rating for the company in a report on Wednesday, March 25th. Zacks Investment Research cut shares of Agilysys from a hold rating to a sell rating in a research report on Friday. Finally, Craig Hallum cut their price objective on shares of Agilysys from $40.00 to $27.00 and set a buy rating on the stock in a report on Monday, March 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Agilysys has a consensus rating of Hold and a consensus target price of $25.67.

Agilysys stock opened at $19.59 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.35 and a quick ratio of 1.32. The stock has a market cap of $475.27 million, a price-to-earnings ratio of -13.67 and a beta of 0.92. The firm has a 50-day moving average of $17.67 and a two-hundred day moving average of $24.38. Agilysys has a 1 year low of $12.61 and a 1 year high of $37.17.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.17. Agilysys had a negative net margin of 21.19% and a negative return on equity of 34.62%. The firm had revenue of $39.66 million during the quarter, compared to the consensus estimate of $40.28 million. Research analysts expect that Agilysys will post -0.45 earnings per share for the current year.

In other Agilysys news, CEO Ramesh Srinivasan purchased 10,000 shares of Agilysys stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $17.36 per share, with a total value of $173,600.00. Following the completion of the transaction, the chief executive officer now owns 175,348 shares in the company, valued at approximately $3,044,041.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Anthony Pritchett sold 4,224 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $34.02, for a total value of $143,700.48. Following the transaction, the chief financial officer now directly owns 36,685 shares in the company, valued at $1,248,023.70. The disclosure for this sale can be found here. Corporate insiders own 16.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Zebra Capital Management LLC raised its stake in Agilysys by 51.5% in the first quarter. Zebra Capital Management LLC now owns 15,944 shares of the software maker’s stock valued at $267,000 after buying an additional 5,423 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Agilysys by 84.6% during the first quarter. Engineers Gate Manager LP now owns 29,027 shares of the software maker’s stock valued at $485,000 after acquiring an additional 13,299 shares in the last quarter. Nine Ten Capital Management LLC raised its position in shares of Agilysys by 570.3% in the 1st quarter. Nine Ten Capital Management LLC now owns 591,108 shares of the software maker’s stock valued at $9,872,000 after purchasing an additional 502,917 shares during the last quarter. Invesco Ltd. boosted its stake in Agilysys by 196.0% in the 1st quarter. Invesco Ltd. now owns 457,405 shares of the software maker’s stock worth $7,638,000 after purchasing an additional 302,893 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in Agilysys by 29.5% during the 1st quarter. Two Sigma Advisers LP now owns 141,866 shares of the software maker’s stock worth $2,369,000 after purchasing an additional 32,300 shares during the last quarter. 89.95% 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. The company offers point-of-sale, property management, reservation and table management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions to streamline operations, and enhance efficiency and guest experience.

Further Reading: Total Return

Analyst Recommendations for Agilysys (NASDAQ:AGYS)

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