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 July. As of July 15th, there was short interest totalling 448,800 shares, a growth of 17.9% from the June 30th total of 380,800 shares. Based on an average trading volume of 240,900 shares, the days-to-cover ratio is presently 1.9 days.

Insider Transactions at Agilysys

In other news, Director Mak Capital One Llc sold 39,955 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $103.34, for a total value of $4,128,949.70. Following the completion of the transaction, the director now owns 2,020,503 shares of the company’s stock, valued at $208,798,780.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Kyle C. Badger sold 249 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $102.03, for a total value of $25,405.47. Following the completion of the transaction, the senior vice president now owns 115,834 shares in the company, valued at approximately $11,818,543.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mak Capital One Llc sold 39,955 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $103.34, for a total transaction of $4,128,949.70. Following the completion of the transaction, the director now owns 2,020,503 shares of the company’s stock, valued at approximately $208,798,780.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 700,935 shares of company stock valued at $67,375,071. 23.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Agilysys

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake 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 period. CWM LLC lifted its holdings in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in Agilysys during the first quarter valued at about $35,000. Pacer Advisors Inc. lifted its holdings in Agilysys by 247.6% during the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after purchasing an additional 364 shares during the last quarter. Finally, RiverPark Advisors LLC lifted its holdings in Agilysys by 361.1% during the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock valued at $149,000 after purchasing an additional 1,383 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Agilysys in a report on Tuesday, July 23rd. William Blair assumed coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Craig Hallum raised their price objective on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, BTIG Research raised their price objective on shares of Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Agilysys Price Performance

AGYS opened at $110.62 on Wednesday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 35.01 and a beta of 0.82. The firm’s fifty day moving average price is $101.09 and its two-hundred day moving average price is $89.21. Agilysys has a 1 year low of $63.78 and a 1 year high of $112.91.

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

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.