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

Agilysys, Inc. (NASDAQ:AGYS) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 610,700 shares, a growth of 26.0% from the September 15th total of 484,500 shares. Based on an average daily volume of 207,800 shares, the days-to-cover ratio is presently 2.9 days.

Agilysys Trading Up 1.8 %

Agilysys stock opened at $116.96 on Tuesday. Agilysys has a 52 week low of $63.78 and a 52 week high of $117.33. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 37.01 and a beta of 0.83. The company’s 50-day moving average price is $107.64 and its two-hundred day moving average price is $99.24.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The business had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Research analysts expect that Agilysys will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AGYS. Northland Securities upped their price target on shares of Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. William Blair assumed coverage on Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. BTIG Research raised their price objective on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, July 19th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Oppenheimer raised their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Activity

In related news, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the transaction, the insider now directly owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at $85,441,345.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now directly owns 22,888 shares in the company, valued at $2,490,901.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $3,734,810 in the last 90 days. 23.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Agilysys

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. RiverPark Advisors LLC grew its holdings in shares of Agilysys by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after acquiring an additional 170 shares in the last quarter. CWM LLC increased its stake in shares of Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Agilysys by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock worth $1,062,000 after acquiring an additional 200 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Agilysys by 6.2% during the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after purchasing an additional 204 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Company Profile

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.