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

Insider Buying and Selling

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the transaction, the director now directly owns 330,576 shares in the company, valued at $43,156,696.80. The trade was a 2.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William David Wood III sold 1,870 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $250,598.70. Following the sale, the chief financial officer now owns 47,609 shares in the company, valued at approximately $6,380,082.09. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,799 shares of company stock worth $9,541,833 in the last quarter. Company insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGYS. AQR Capital Management LLC lifted its position in Agilysys by 20.7% during the second quarter. AQR Capital Management LLC now owns 37,404 shares of the software maker’s stock valued at $3,895,000 after buying an additional 6,420 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Agilysys by 9.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,505 shares of the software maker’s stock valued at $1,406,000 after acquiring an additional 1,174 shares in the last quarter. Truist Financial Corp boosted its position in Agilysys by 43.6% during the 2nd quarter. Truist Financial Corp now owns 15,651 shares of the software maker’s stock worth $1,630,000 after purchasing an additional 4,752 shares during the period. Handelsbanken Fonder AB increased its holdings in Agilysys by 20.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 5,259 shares of the software maker’s stock valued at $573,000 after purchasing an additional 900 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Ratings Changes

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

Get Our Latest Analysis on AGYS

Agilysys Trading Up 2.5 %

Shares of AGYS stock opened at $87.28 on Wednesday. The firm’s 50-day simple moving average is $125.55 and its 200-day simple moving average is $116.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys has a 1-year low of $74.03 and a 1-year high of $142.64. The firm has a market cap of $2.44 billion, a P/E ratio of 109.10 and a beta of 0.93.

Agilysys (NASDAQ:AGYS – Get Free Report) last posted 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%. Agilysys’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, equities analysts forecast that Agilysys will post 0.8 EPS for the current year.

Agilysys Company Profile

(Get Free Report)

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.

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