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

Agilysys, Inc. (NASDAQ:AGYS) 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.

Insider Buying and Selling at Agilysys

In other news, Director Mak Capital One Llc sold 39,955 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $103.34, for a total transaction of $4,128,949.70. Following the sale, the director now owns 2,020,503 shares of the company’s stock, valued at $208,798,780.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Ramesh Srinivasan sold 50,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $93.24, for a total value of $4,662,000.00. Following the completion of the transaction, the chief executive officer now directly owns 838,367 shares of the company’s stock, valued at approximately $78,169,339.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mak Capital One Llc sold 39,955 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $103.34, for a total value of $4,128,949.70. Following the transaction, the director now owns 2,020,503 shares of the company’s stock, valued at approximately $208,798,780.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 700,392 shares of company stock valued at $67,319,669. Company insiders own 23.60% of the company’s stock.

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) 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.