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

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 902,700 shares, an increase of 27.2% from the October 31st total of 709,800 shares. Based on an average trading volume of 216,000 shares, the days-to-cover ratio is presently 4.2 days.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. BTIG Research boosted 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 increased their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Northland Securities reaffirmed an “outperform” rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.80.

Insider Activity

In related news, SVP Kyle C. Badger sold 471 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the transaction, the senior vice president now directly owns 115,117 shares of the company’s stock, valued at $11,610,700.62. This represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the sale, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,523 shares of company stock worth $4,068,899 over the last 90 days. 19.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. RiverPark Advisors LLC lifted its stake in Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after buying an additional 170 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Finally, CWM LLC increased its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 0.3 %

AGYS stock opened at $134.30 on Monday. Agilysys has a 52-week low of $73.52 and a 52-week high of $139.99. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.75 billion, a P/E ratio of 38.26 and a beta of 0.85. The company’s 50-day simple moving average is $115.92 and its 200-day simple moving average is $107.90.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, equities analysts forecast that Agilysys will post 0.81 EPS 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.