Agilysys, Inc. (NASDAQ:AGYS – Get Rating) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 262,000 shares, an increase of 6.9% from the November 30th total of 245,200 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 167,100 shares, the short-interest ratio is currently 1.6 days.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on AGYS shares. Northland Securities increased their price objective on shares of Agilysys from $61.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, September 16th. StockNews.com assumed coverage on shares of Agilysys in a report on Wednesday, October 12th. They set a “buy” rating on the stock. BTIG Research raised shares of Agilysys from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Friday, December 16th. Finally, Craig Hallum raised their target price on shares of Agilysys from $65.00 to $80.00 in a research note on Thursday, December 15th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $71.75.
Agilysys Trading Down 1.3 %
AGYS stock opened at $79.14 on Tuesday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 247.32 and a beta of 0.92. Agilysys has a 12 month low of $31.49 and a 12 month high of $82.17. The firm has a 50-day moving average price of $67.55 and a 200-day moving average price of $56.27.
Agilysys (NASDAQ:AGYS – Get Rating) last posted its earnings results on Tuesday, October 25th. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $47.74 million during the quarter, compared to analysts’ expectations of $46.02 million. Agilysys had a net margin of 5.59% and a return on equity of 24.56%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, equities analysts predict that Agilysys will post 0.73 EPS for the current fiscal year.
Insider Transactions at Agilysys
In other news, SVP Prabuddha Biswas sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $64.52, for a total transaction of $64,520.00. Following the completion of the transaction, the senior vice president now directly owns 73,965 shares of the company’s stock, valued at approximately $4,772,221.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.60% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AGYS. JPMorgan Chase & Co. increased its stake in shares of Agilysys by 22.6% in the first quarter. JPMorgan Chase & Co. now owns 15,435 shares of the software maker’s stock valued at $616,000 after buying an additional 2,847 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Agilysys by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 219,525 shares of the software maker’s stock valued at $8,754,000 after buying an additional 4,356 shares during the period. Citigroup Inc. increased its stake in shares of Agilysys by 2.6% in the first quarter. Citigroup Inc. now owns 18,889 shares of the software maker’s stock valued at $753,000 after buying an additional 487 shares during the period. MetLife Investment Management LLC increased its stake in shares of Agilysys by 51.2% in the first quarter. MetLife Investment Management LLC now owns 11,027 shares of the software maker’s stock valued at $440,000 after buying an additional 3,732 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Agilysys by 6.4% in the first quarter. Rhumbline Advisers now owns 51,494 shares of the software maker’s stock valued at $2,054,000 after buying an additional 3,116 shares during the period. Institutional investors and hedge funds own 97.78% of the company’s stock.
About Agilysys
Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, reservations management, and seat solutions to enhance guest experience.