Agilysys, Inc. (NASDAQ:AGYS) Short Interest Down 5.0% in September

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 484,500 shares, a decrease of 5.0% from the August 31st total of 510,100 shares. Based on an average trading volume of 223,000 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of research reports. Northland Securities lifted their price objective on Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. BTIG Research boosted their price target 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. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Oppenheimer boosted their target price on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Monday, September 16th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $124.00.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the transaction, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $3,734,810 over the last 90 days. Company insiders own 23.60% of the company’s stock.

Institutional Trading of Agilysys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP grew its holdings 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 purchasing an additional 820,840 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Agilysys by 12.3% during 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. American Century Companies Inc. increased its position in shares of Agilysys by 1,861.4% during the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after acquiring an additional 209,836 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Agilysys during the second quarter valued at approximately $21,039,000. Finally, Conestoga Capital Advisors LLC purchased a new stake in shares of Agilysys in the second quarter valued at approximately $16,546,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Trading Down 2.3 %

AGYS stock opened at $106.51 on Wednesday. The stock has a market cap of $2.92 billion, a PE ratio of 33.71 and a beta of 0.83. Agilysys has a 12 month low of $63.78 and a 12 month high of $114.70. The company has a 50-day moving average price of $107.36 and a 200 day moving average price of $97.15.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The business had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that Agilysys will post 0.62 EPS for the current year.

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.