Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 407,300 shares, an increase of 27.1% from the May 31st total of 320,500 shares. Based on an average trading volume of 213,700 shares, the short-interest ratio is currently 1.9 days.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Oppenheimer increased their price objective on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Needham & Company LLC raised 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. William Blair began coverage on shares of Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Agilysys currently has a consensus rating of “Moderate Buy” and an average target price of $103.33.
Get Our Latest Stock Analysis on Agilysys
Insider Buying and Selling at Agilysys
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Semanteon Capital Management LP bought a new position in Agilysys during the fourth quarter worth about $1,195,000. Axiom Investors LLC DE lifted its position in shares of Agilysys by 421.7% in the fourth quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock valued at $4,923,000 after buying an additional 46,915 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Agilysys during the 4th quarter worth approximately $3,522,000. Wellington Management Group LLP raised its stake in Agilysys by 159.4% in the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after acquiring an additional 369,780 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Agilysys by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock valued at $121,617,000 after purchasing an additional 106,026 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.
Agilysys Stock Up 2.2 %
AGYS stock opened at $104.14 on Monday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 32.96 and a beta of 0.78. Agilysys has a twelve month low of $63.78 and a twelve month high of $105.00. The business has a 50 day moving average price of $92.24 and a two-hundred day moving average price of $85.39.
Agilysys (NASDAQ:AGYS – Get Free Report) last released its earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The business had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the same period last year, the business earned $0.26 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts anticipate that Agilysys will post 0.69 EPS for the current fiscal year.
About Agilysys
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.
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