Short Interest in Agilysys, Inc. (NASDAQ:AGYS) Drops By 18.1%

Agilysys, Inc. (NASDAQ:AGYS) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 909,300 shares, a decline of 18.1% from the January 31st total of 1,110,000 shares. Based on an average daily trading volume, of 331,100 shares, the days-to-cover ratio is currently 2.7 days.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $80.10 on Wednesday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 100.13 and a beta of 0.93. Agilysys has a one year low of $74.03 and a one year high of $142.64. The business has a fifty day simple moving average of $104.01 and a 200 day simple moving average of $112.29. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue was up 14.9% on a year-over-year basis. Sell-side analysts expect that Agilysys will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on AGYS shares. Craig Hallum dropped their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC cut their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Oppenheimer decreased their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Insider Transactions at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares in the company, valued at approximately $41,132,175.84. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 67,500 shares of company stock worth $8,496,000. 19.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its position in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after buying an additional 122 shares during the period. Blue Trust Inc. raised its stake in Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after acquiring an additional 180 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock valued at $1,398,000 after purchasing an additional 208 shares in 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.