Agilysys, Inc. (NASDAQ:AGYS) Short Interest Up 13.0% in October

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 709,800 shares, an increase of 13.0% from the October 15th total of 628,100 shares. Based on an average daily volume of 202,500 shares, the days-to-cover ratio is currently 3.5 days.

Insider Buying and Selling

In related news, insider Chris J. Robertson sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the completion of the sale, the insider now owns 22,888 shares in the company, valued at $2,490,901.04. This trade represents a 14.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kyle C. Badger sold 471 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $47,505.06. Following the sale, the senior vice president now owns 115,117 shares of the company's stock, valued at approximately $11,610,700.62. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,023 shares of company stock valued at $4,548,979 over the last three months. 19.30% of the stock is currently owned by company insiders.

Institutional Trading of Agilysys

Several institutional investors have recently made changes to their positions in AGYS. Swiss National Bank boosted its holdings in Agilysys by 1.1% in the 1st quarter. Swiss National Bank now owns 45,500 shares of the software maker's stock valued at $3,834,000 after purchasing an additional 500 shares during the period. Sei Investments Co. raised its stake in shares of Agilysys by 6.1% in the first quarter. Sei Investments Co. now owns 41,437 shares of the software maker's stock valued at $3,492,000 after acquiring an additional 2,394 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Agilysys by 23.4% in the first quarter. Russell Investments Group Ltd. now owns 16,803 shares of the software maker's stock worth $1,416,000 after purchasing an additional 3,183 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Agilysys by 8.2% during the first quarter. ProShare Advisors LLC now owns 4,077 shares of the software maker's stock valued at $344,000 after purchasing an additional 309 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Agilysys by 31.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 7,531 shares of the software maker's stock valued at $621,000 after acquiring an additional 1,800 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Performance

AGYS traded up $0.35 during trading hours on Friday, hitting $121.19. The company's stock had a trading volume of 186,988 shares, compared to its average volume of 217,184. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Agilysys has a fifty-two week low of $73.52 and a fifty-two week high of $128.61. The company has a 50-day simple moving average of $110.04 and a 200 day simple moving average of $104.20. The firm has a market capitalization of $3.39 billion, a PE ratio of 34.53 and a beta of 0.85.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analysts' expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business's revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. As a group, sell-side analysts expect that Agilysys will post 0.81 EPS for the current year.

Analysts Set New Price Targets

AGYS has been the topic of several recent analyst reports. Northland Securities reissued an "outperform" rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Needham & Company LLC raised their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Friday. Craig Hallum raised their target price on Agilysys from $105.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. BTIG Research upped their price target on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Finally, StockNews.com lowered shares of Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Agilysys currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.80.

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.