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

Agilysys, Inc. (NASDAQ:AGYS) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,180,000 shares, a growth 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 presently 5.5 days.

Analyst Upgrades and Downgrades

AGYS has been the subject of several research reports. BTIG Research raised their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Craig Hallum reduced 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. Needham & Company LLC lowered their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities lifted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Oppenheimer lowered their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and an average price target of $138.00.

Insider Buying and Selling

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the transaction, the director now owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO William David Wood III sold 1,870 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $250,598.70. Following the completion of the sale, the chief financial officer now directly owns 47,609 shares in the company, valued at approximately $6,380,082.09. This represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,799 shares of company stock valued at $9,541,833 over the last quarter. 19.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in Agilysys by 20.7% in the second quarter. AQR Capital Management LLC now owns 37,404 shares of the software maker’s stock worth $3,895,000 after purchasing an additional 6,420 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Agilysys by 9.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,505 shares of the software maker’s stock worth $1,406,000 after buying an additional 1,174 shares during the last quarter. Truist Financial Corp increased its position in Agilysys by 43.6% during the 2nd quarter. Truist Financial Corp now owns 15,651 shares of the software maker’s stock valued at $1,630,000 after buying an additional 4,752 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Agilysys by 20.6% during the third quarter. Handelsbanken Fonder AB now owns 5,259 shares of the software maker’s stock valued at $573,000 after buying an additional 900 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Agilysys by 66.7% in the third 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. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of Agilysys stock opened at $85.17 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys has a 52-week low of $74.03 and a 52-week high of $142.64. The company has a fifty day moving average of $126.60 and a 200-day moving average of $116.17. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 106.46 and a beta of 0.93.

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