Agilysys, Inc. (NASDAQ:AGYS) Short Interest Up 23.3% in December

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,120,000 shares, a growth of 23.3% from the November 30th total of 908,700 shares. Based on an average daily trading volume, of 213,700 shares, the short-interest ratio is presently 5.2 days.

Agilysys Trading Down 1.6 %

NASDAQ:AGYS opened at $133.44 on Tuesday. The firm has a market capitalization of $3.73 billion, a P/E ratio of 38.02 and a beta of 0.93. Agilysys has a 52 week low of $73.52 and a 52 week high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $125.48 and a 200 day moving average of $113.46.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. On average, research analysts predict that Agilysys will post 0.81 earnings per share for the current year.

Insider Activity

In other Agilysys news, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the transaction, the insider now owns 22,624 shares in the company, valued at $2,281,856.64. This trade represents a 1.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William David Wood III sold 1,870 shares of the company’s stock in a transaction dated 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 represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,122 shares of company stock valued at $1,231,391 in the last 90 days. Insiders own 19.30% of the company’s stock.

Institutional Trading of Agilysys

Several large investors have recently added to or reduced their stakes in AGYS. FMR LLC boosted its holdings in shares of Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after buying an additional 466,704 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Agilysys by 47.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after purchasing an additional 340,424 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Agilysys by 1,861.4% in the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after buying an additional 209,836 shares during the last quarter. William Blair Investment Management LLC bought a new position in Agilysys during the 2nd quarter valued at approximately $21,039,000. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of Agilysys by 79.4% during the third quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker’s stock valued at $31,064,000 after acquiring an additional 126,193 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AGYS. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer raised their price target on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their target price on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Northland Securities reissued an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.80.

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.