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

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,230,000 shares, a growth of 35.3% from the February 13th total of 909,300 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average daily volume of 355,900 shares, the days-to-cover ratio is currently 3.5 days.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 2,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the sale, the director now directly owns 315,576 shares in the company, valued at $41,132,175.84. The trade was a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,500 shares of company stock worth $8,651,740. 19.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGYS. US Bancorp DE increased its holdings in shares of 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 acquiring an additional 122 shares in the last quarter. Blue Trust Inc. grew its position in Agilysys by 18.9% during the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after purchasing an additional 180 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock worth $1,398,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AGYS. Needham & Company LLC dropped their price target on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Northland Securities raised their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. UBS Group set a $100.00 target price on shares of Agilysys in a research note on Wednesday, March 5th. Oppenheimer decreased their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Finally, Craig Hallum cut their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Agilysys Stock Up 4.1 %

Shares of Agilysys stock opened at $74.35 on Monday. Agilysys has a 1 year low of $71.37 and a 1 year high of $142.64. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 92.94 and a beta of 0.98. The company has a 50-day moving average of $94.71 and a 200 day moving average of $110.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, sell-side analysts anticipate 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.