Agilysys, Inc. (NASDAQ:AGYS) Short Interest Update

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 709,800 shares, a growth of 13.0% from the October 15th total of 628,100 shares. Based on an average trading volume of 202,500 shares, the short-interest ratio is presently 3.5 days.

Agilysys Stock Up 0.3 %

Agilysys stock opened at $121.19 on Friday. Agilysys has a 1-year low of $73.52 and a 1-year high of $128.61. The business has a fifty day moving average price of $109.68 and a 200-day moving average price of $103.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 34.53 and a beta of 0.85.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AGYS. Needham & Company LLC lifted their price objective on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research upped their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Craig Hallum lifted their target price on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $134.80.

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. This trade represents a 14.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William David Wood III sold 588 shares of the business’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 value of $59,305.68. Following the completion of the sale, the chief financial officer now owns 49,479 shares of the company’s stock, valued at $4,990,451.94. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,023 shares of company stock valued at $4,548,979. Insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

Several large investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Agilysys by 1,197.1% during the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after buying an additional 466,704 shares during the period. Vanguard Group Inc. lifted its position in Agilysys by 12.3% during the 1st 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. American Century Companies Inc. grew its stake in Agilysys by 1,861.4% during the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock valued at $23,026,000 after purchasing an additional 209,836 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Agilysys in the second quarter valued at about $21,039,000. Finally, Conestoga Capital Advisors LLC purchased a new position in shares of Agilysys in the second quarter worth about $16,546,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.