Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 510,100 shares, a drop of 11.4% from the August 15th total of 575,700 shares. Based on an average daily volume of 221,000 shares, the short-interest ratio is presently 2.3 days.
Agilysys Price Performance
NASDAQ:AGYS opened at $102.92 on Tuesday. Agilysys has a 12 month low of $63.78 and a 12 month high of $114.70. The business’s 50-day moving average is $107.53 and its two-hundred day moving average is $95.04. The firm has a market capitalization of $2.87 billion, a PE ratio of 32.57 and a beta of 0.83.
Agilysys (NASDAQ:AGYS – Get Free Report) last announced its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $63.50 million for the quarter, compared to the consensus estimate of $64.52 million. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. Equities analysts anticipate that Agilysys will post 0.62 EPS for the current year.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Agilysys
Insiders Place Their Bets
In related news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at $85,441,345.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the completion of the sale, the insider now owns 22,888 shares in the company, valued at approximately $2,490,901.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. The disclosure for this sale can be found here. Insiders have sold 141,578 shares of company stock valued at $14,107,417 in the last ninety days. Insiders own 23.60% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares during the period. CWM LLC increased its holdings in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Agilysys during the second quarter worth approximately $32,000. YHB Investment Advisors Inc. bought a new stake in shares of Agilysys in the first quarter worth $35,000. Finally, RiverPark Advisors LLC increased its position in shares of Agilysys by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,383 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.
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.
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