Short Interest in Agilysys, Inc. (NASDAQ:AGYS) Rises By 5.4%

Agilysys, Inc. (NASDAQ:AGYS) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,180,000 shares, an increase of 5.4% from the December 31st total of 1,120,000 shares. Based on an average daily trading volume, of 213,800 shares, the short-interest ratio is presently 5.5 days.

Agilysys Price Performance

AGYS opened at $90.22 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 112.78 and a beta of 0.94. The firm’s fifty day moving average price is $126.60 and its two-hundred day moving average price is $116.11. Agilysys has a 1 year low of $74.03 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. As a group, analysts anticipate that Agilysys will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Oppenheimer lowered their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities boosted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, BTIG Research boosted their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the transaction, the director now owns 233,076 shares in the company, valued at approximately $22,533,787.68. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mutch sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.24, for a total transaction of $52,120.00. Following the transaction, the director now owns 35,858 shares of the company’s stock, valued at approximately $3,737,837.92. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,299 shares of company stock worth $9,593,953 in the last ninety days. Company insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On Agilysys

Hedge funds have recently bought and sold shares of the stock. Truist Financial Corp increased its stake in shares of Agilysys by 2.6% in the fourth quarter. Truist Financial Corp now owns 14,038 shares of the software maker’s stock worth $1,849,000 after buying an additional 357 shares during the period. Principal Financial Group Inc. increased its stake in shares of Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock worth $56,169,000 after buying an additional 310,573 shares during the period. Blue Trust Inc. increased its stake in shares of Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after buying an additional 180 shares during the period. Legato Capital Management LLC increased its stake in shares of Agilysys by 1.4% in the fourth quarter. Legato Capital Management LLC now owns 77,470 shares of the software maker’s stock worth $10,204,000 after buying an additional 1,085 shares during the period. Finally, Shaker Investments LLC OH purchased a new position in shares of Agilysys in the fourth quarter worth $1,084,000. 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.