Agilysys, Inc. (NASDAQ:AGYS) Sees Large Decrease in Short Interest

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 320,500 shares, a drop of 37.9% from the May 15th total of 516,500 shares. Based on an average daily volume of 196,200 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AGYS shares. Needham & Company LLC increased their price target on shares of Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Oppenheimer increased their price target on shares of Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Insider Transactions at Agilysys

In other news, Director Mak Capital One Llc sold 38,539 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $90.85, for a total value of $3,501,268.15. Following the completion of the sale, the director now directly owns 1,449,136 shares of the company’s stock, valued at approximately $131,654,005.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mak Capital One Llc sold 38,539 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $90.85, for a total value of $3,501,268.15. Following the completion of the sale, the director now directly owns 1,449,136 shares of the company’s stock, valued at approximately $131,654,005.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kyle C. Badger sold 8,948 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the sale, the senior vice president now directly owns 166,943 shares of the company’s stock, valued at $16,552,398.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 594,357 shares of company stock valued at $57,002,464. Company insiders own 23.60% of the company’s stock.

Institutional Trading of Agilysys

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in shares of Agilysys by 439.5% in the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after acquiring an additional 820,840 shares during the period. Wellington Management Group LLP grew its stake in shares of Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after acquiring an additional 369,780 shares during the period. Vanguard Group Inc. grew its stake in shares of Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after acquiring an additional 217,008 shares during the period. Geneva Capital Management LLC grew its stake in shares of Agilysys by 19.9% in the fourth quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock worth $52,619,000 after acquiring an additional 102,939 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in shares of Agilysys by 13.8% in the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after acquiring an additional 87,549 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Performance

NASDAQ:AGYS opened at $91.07 on Friday. The firm has a market cap of $2.50 billion, a P/E ratio of 28.82 and a beta of 0.78. Agilysys has a fifty-two week low of $63.08 and a fifty-two week high of $105.00. The firm has a 50-day simple moving average of $89.17 and a two-hundred day simple moving average of $84.48.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.22 million during the quarter, compared to analyst estimates of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. Agilysys’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. On average, equities research analysts predict that Agilysys will post 0.64 EPS for the current year.

Agilysys Company Profile

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.