Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 407,300 shares, a growth of 27.1% from the May 31st total of 320,500 shares. Based on an average daily volume of 213,700 shares, the short-interest ratio is currently 1.9 days.
Agilysys Trading Down 0.7 %
NASDAQ:AGYS opened at $103.43 on Tuesday. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 32.73 and a beta of 0.82. Agilysys has a 1-year low of $63.78 and a 1-year high of $105.00. The business’s 50-day moving average price is $92.64 and its two-hundred day moving average price is $85.55.
Agilysys (NASDAQ:AGYS – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.22 million for the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. Agilysys’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. Sell-side analysts predict that Agilysys will post 0.69 earnings per share for the current year.
Insider Activity at Agilysys
Hedge Funds Weigh In On Agilysys
A number of hedge funds and other institutional investors have recently made changes to their positions in AGYS. RiverPark Advisors LLC lifted its holdings in Agilysys by 53.2% during the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after acquiring an additional 133 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Agilysys during the 1st quarter valued at about $35,000. Pacer Advisors Inc. lifted its holdings in shares of Agilysys by 247.6% during the 4th quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after purchasing an additional 364 shares in the last quarter. Covestor Ltd grew its position in shares of Agilysys by 99.9% in the 1st quarter. Covestor Ltd now owns 2,277 shares of the software maker’s stock valued at $192,000 after purchasing an additional 1,138 shares during the period. Finally, Vawter Financial Ltd. bought a new stake in Agilysys during the 3rd quarter worth approximately $245,000. 88.00% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on AGYS. Oppenheimer upped their price target on Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Needham & Company LLC upped their target price on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. William Blair started coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. Finally, StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.33.
Check Out Our Latest Stock Analysis on Agilysys
Agilysys Company Profile
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. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.
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