Agilysys Inc. (AGYS) Downgraded by Sidoti
Sidoti cut shares of Agilysys Inc. (NASDAQ:AGYS) from a buy rating to a neutral rating in a report issued on Friday morning. Sidoti currently has $11.00 price objective on the stock, down from their prior price objective of $14.00.
Shares of Agilysys (NASDAQ:AGYS) opened at 10.29 on Friday. Agilysys has a 12-month low of $8.17 and a 12-month high of $12.15. The company’s market capitalization is $233.28 million. The firm’s 50-day moving average price is $10.29 and its 200-day moving average price is $10.74.
Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $32.70 million for the quarter, compared to analysts’ expectations of $32.39 million. Agilysys had a negative net margin of 6.23% and a negative return on equity of 6.47%. During the same period last year, the firm earned ($0.03) earnings per share. On average, analysts expect that Agilysys will post ($0.46) EPS for the current fiscal year.
In other news, Director Keith M. Kolerus sold 7,675 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $10.92, for a total transaction of $83,811.00. Following the sale, the director now directly owns 149,170 shares of the company’s stock, valued at $1,628,936.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 35.80% of the company’s stock.
Agilysys, Inc is a technology company. The Company provides software for point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions and services to the hospitality industry. The Company serves four market sectors: gaming, both corporate and tribal; hotels, resorts and cruise; foodservice management, and restaurants, universities, stadia and healthcare.
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