Agilysys, Inc. (NASDAQ:AGYS) Sees Significant Decrease in Short Interest

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) saw a significant decline in short interest in 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 volume of 331,100 shares, the days-to-cover ratio is currently 2.7 days.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the completion of the transaction, the director now directly owns 315,576 shares of the company's stock, valued at approximately $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 67,500 shares of company stock valued at $8,496,000. 19.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Agilysys

Several institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. raised its stake in shares of 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 buying an additional 182 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Agilysys by 109.0% in the 4th 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 period. Smartleaf Asset Management LLC lifted its stake in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Agilysys in the 4th quarter worth $61,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Agilysys in the 4th quarter worth $64,000. Institutional investors and hedge funds own 88.00% of the company's stock.

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Agilysys Trading Down 1.1 %

NASDAQ:AGYS traded down $0.88 during trading hours on Friday, hitting $78.01. 271,124 shares of the stock were exchanged, compared to its average volume of 417,723. The company has a market capitalization of $2.18 billion, a P/E ratio of 97.51 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $100.52 and its two-hundred day moving average is $111.63. Agilysys has a twelve month low of $74.03 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, sell-side analysts anticipate that Agilysys will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of recent analyst reports. Craig Hallum reduced their price target on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Oppenheimer reduced their target price on Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC decreased their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Northland Securities lifted their price objective on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Agilysys presently has a consensus rating of "Moderate Buy" and an average target price of $133.00.

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.