Agilysys, Inc. (NASDAQ:AGYS) Short Interest Up 26.0% in September

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 610,700 shares, a growth of 26.0% from the September 15th total of 484,500 shares. Based on an average trading volume of 207,800 shares, the days-to-cover ratio is currently 2.9 days.

Insider Transactions at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the sale, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the sale, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the sale, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at approximately $75,335,585.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $3,734,810 over the last three months. 23.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Agilysys

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the period. CWM LLC lifted its holdings in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares during the period. Larson Financial Group LLC bought a new stake in Agilysys during the 2nd quarter valued at $32,000. Exchange Traded Concepts LLC increased its holdings in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after acquiring an additional 205 shares during the period. Finally, RiverPark Advisors LLC increased its holdings 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 valued at $149,000 after acquiring an additional 1,383 shares during the period. 88.00% of the stock is owned by institutional investors.

Agilysys Trading Up 2.1 %

AGYS stock opened at $114.90 on Friday. The stock has a market cap of $3.15 billion, a PE ratio of 36.36 and a beta of 0.83. Agilysys has a 12 month low of $63.78 and a 12 month high of $115.52. The company has a 50-day moving average price of $107.33 and a 200 day moving average price of $98.76.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data 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 company 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%. Agilysys’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. Sell-side analysts forecast that Agilysys will post 0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of a number of recent analyst reports. BTIG Research raised their price target on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. William Blair began coverage on Agilysys in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Northland Securities increased their price objective on shares of Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Craig Hallum raised their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Agilysys Company Profile

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.