Short Interest in Agilysys, Inc. (NASDAQ:AGYS) Rises By 5.4%

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 1,180,000 shares, an increase of 5.4% from the December 31st total of 1,120,000 shares. Based on an average daily trading volume, of 213,800 shares, the short-interest ratio is currently 5.5 days.

Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total transaction of $725,100.00. Following the sale, the director now owns 233,076 shares in the company, valued at approximately $22,533,787.68. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Mutch sold 500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $104.24, for a total transaction of $52,120.00. Following the completion of the transaction, the director now owns 35,858 shares in the company, valued at approximately $3,737,837.92. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,299 shares of company stock worth $9,593,953. Corporate insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Several hedge funds and other institutional investors have recently made changes to their positions in AGYS. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. GAMMA Investing LLC increased its holdings in Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares in the last quarter. NBC Securities Inc. purchased a new stake in Agilysys in the 3rd quarter worth approximately $46,000. Harbor Investment Advisory LLC increased its holdings in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities upped their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. BTIG Research upped their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer dropped their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC decreased their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $90.22 on Monday. Agilysys has a fifty-two week low of $74.03 and a fifty-two week high of $142.64. The business has a 50-day simple moving average of $126.60 and a two-hundred day simple moving average of $116.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 112.78 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts expect that Agilysys will post 0.8 earnings per share for the current year.

About Agilysys

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.