Agilysys, Inc. (NASDAQ:AGYS) Short Interest Update

Agilysys, Inc. (NASDAQ:AGYS) saw a significant 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 volume of 213,800 shares, the days-to-cover ratio is currently 5.5 days.

Insider Activity at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the sale, the director now directly owns 233,076 shares in the company, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value of $250,598.70. Following the sale, the chief financial officer now owns 47,609 shares of the company’s stock, valued at approximately $6,380,082.09. This trade represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,799 shares of company stock valued at $9,541,833 over the last 90 days. 19.30% of the stock is owned by corporate insiders.

Institutional Trading of Agilysys

Several large investors have recently bought and sold shares of AGYS. Synergy Asset Management LLC grew its holdings in shares of Agilysys by 19.1% during the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after buying an additional 13,785 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Agilysys by 59.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after purchasing an additional 53,026 shares during the last quarter. State Street Corp increased its holdings in shares of Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares during the period. Geode Capital Management LLC raised its stake in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Agilysys by 169.2% during the third quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $73,000 after purchasing an additional 423 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC cut their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer cut their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Finally, Craig Hallum decreased their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Agilysys Stock Performance

Shares of AGYS opened at $85.17 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.38 billion, a PE ratio of 106.46 and a beta of 0.93. Agilysys has a 12 month low of $74.03 and a 12 month high of $142.64. The stock has a fifty day moving average price of $126.60 and a 200-day moving average price of $116.17.

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