Short Interest in Agilysys, Inc. (NASDAQ:AGYS) Declines By 18.1%

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 909,300 shares, a decline of 18.1% from the January 31st total of 1,110,000 shares. Based on an average daily volume of 331,100 shares, the short-interest ratio is presently 2.7 days.

Agilysys Stock Down 3.3 %

Shares of AGYS stock opened at $78.89 on Friday. Agilysys has a 12 month low of $74.03 and a 12 month high of $142.64. The stock has a market cap of $2.21 billion, a P/E ratio of 98.61 and a beta of 0.93. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $101.68 and a two-hundred day simple moving average of $111.84.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on AGYS shares. Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Northland Securities boosted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC decreased their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Craig Hallum decreased their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Activity

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the sale, the director now owns 330,576 shares of the company’s stock, valued at $43,156,696.80. The trade was a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 67,500 shares of company stock valued at $8,496,000. Corporate insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On Agilysys

Hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its position 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 worth $133,000 after acquiring an additional 122 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after acquiring an additional 180 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Agilysys by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock worth $1,398,000 after acquiring an additional 208 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

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.