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

Agilysys, Inc. (NASDAQ:AGYS) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 510,100 shares, a decline of 11.4% from the August 15th total of 575,700 shares. Based on an average trading volume of 221,000 shares, the short-interest ratio is currently 2.3 days.

Analysts Set New Price Targets

Several research firms recently weighed in on AGYS. Northland Securities increased their price target on shares of Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday. StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Agilysys in a research note on Monday. Oppenheimer upped their price objective on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Craig Hallum raised their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Agilysys currently has a consensus rating of “Buy” and an average price target of $124.00.

Agilysys Trading Up 0.5 %

Shares of AGYS stock opened at $103.48 on Wednesday. Agilysys has a 12 month low of $63.78 and a 12 month high of $114.70. The stock has a market capitalization of $2.89 billion, a P/E ratio of 32.75 and a beta of 0.83. The firm’s 50 day moving average is $107.51 and its 200 day moving average is $95.23.

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

Insider Transactions at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the transaction, the chief executive officer now directly owns 738,367 shares in the company, valued at approximately $75,335,585.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now owns 738,367 shares in the company, valued at approximately $75,335,585.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mak Capital One Llc sold 61,035 shares of Agilysys stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $96.43, for a total transaction of $5,885,605.05. Following the transaction, the director now directly owns 1,298,407 shares in the company, valued at approximately $125,205,387.01. The disclosure for this sale can be found here. Insiders sold a total of 141,578 shares of company stock valued at $14,107,417 over the last three months. Corporate insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in Agilysys by 7.0% in the 4th quarter. Russell Investments Group Ltd. now owns 13,620 shares of the software maker’s stock worth $1,155,000 after purchasing an additional 894 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Agilysys by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,864 shares of the software maker’s stock worth $14,323,000 after buying an additional 3,997 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Agilysys in the 4th quarter worth about $589,000. Trexquant Investment LP raised its holdings in shares of Agilysys by 181.3% in the 4th quarter. Trexquant Investment LP now owns 19,080 shares of the software maker’s stock valued at $1,618,000 after acquiring an additional 12,297 shares in the last quarter. Finally, Evoke Wealth LLC purchased a new stake in Agilysys in the fourth quarter valued at approximately $448,000. 88.00% of the stock is currently owned by institutional investors.

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.