Agilysys, Inc. (NASDAQ:AGYS) Short Interest Up 35.3% in February

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,230,000 shares, an increase of 35.3% from the February 13th total of 909,300 shares. Based on an average daily volume of 355,900 shares, the days-to-cover ratio is currently 3.5 days. Approximately 5.5% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several equities analysts have recently commented on AGYS shares. Northland Securities upped their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Needham & Company LLC lowered their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Craig Hallum cut their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Oppenheimer lowered their target price on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd. Finally, UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Agilysys currently has an average rating of "Moderate Buy" and a consensus price target of $127.50.

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Agilysys Stock Up 2.3 %

AGYS stock traded up $1.73 during mid-day trading on Wednesday, reaching $77.23. The company had a trading volume of 170,845 shares, compared to its average volume of 244,882. The firm has a fifty day simple moving average of $92.52 and a 200 day simple moving average of $109.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys has a fifty-two week low of $71.37 and a fifty-two week high of $142.64. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 96.65 and a beta of 0.98.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate 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 previous year, the business posted $0.35 EPS. The firm's revenue was up 14.9% on a year-over-year basis. Analysts forecast that Agilysys will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the transaction, the director now directly owns 315,576 shares in the company, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares in the company, valued at $2,542,766.98. This represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Agilysys

Several large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in shares of Agilysys by 117.4% during the 3rd 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 increased its stake in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after purchasing an additional 193 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after purchasing an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Agilysys during the fourth quarter worth approximately $61,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Agilysys during the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

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.