Short Interest in Agilysys, Inc. (NASDAQ:AGYS) Rises By 23.3%

Agilysys, Inc. (NASDAQ:AGYS) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,120,000 shares, a growth of 23.3% from the November 30th total of 908,700 shares. Based on an average daily volume of 213,700 shares, the short-interest ratio is currently 5.2 days.

Agilysys Trading Down 1.8 %

AGYS traded down $2.51 on Friday, hitting $135.58. 93,866 shares of the company were exchanged, compared to its average volume of 216,531. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a fifty day simple moving average of $125.16 and a two-hundred day simple moving average of $113.01. The stock has a market capitalization of $3.79 billion, a PE ratio of 38.63 and a beta of 0.93. Agilysys has a 12 month low of $73.52 and a 12 month high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. Sell-side analysts expect that Agilysys will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $250,598.70. Following the completion of the sale, the chief financial officer now owns 47,609 shares in the company, valued at approximately $6,380,082.09. This trade represents a 3.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares in the company, valued at $2,281,856.64. This represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,122 shares of company stock valued at $1,231,391. Corporate insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently modified their holdings of AGYS. US Bancorp DE raised its stake in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after buying an additional 122 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares in 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 valued at $37,000 after purchasing an additional 182 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the period. Finally, Larson Financial Group LLC bought a new position in Agilysys in the second quarter worth $32,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AGYS has been the topic of several research reports. BTIG Research raised their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities reiterated an “outperform” rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Oppenheimer raised their price objective on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Needham & Company LLC increased their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.80.

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.