Agilysys, Inc. (NASDAQ:AGYS) Short Interest Update

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,120,000 shares, an increase of 23.3% from the November 30th total of 908,700 shares. Based on an average daily trading volume, of 213,700 shares, the days-to-cover ratio is currently 5.2 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AGYS. Northland Securities restated an "outperform" rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Oppenheimer boosted their price objective on shares of Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. BTIG Research lifted their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their price objective on Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, StockNews.com cut Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Agilysys has a consensus rating of "Moderate Buy" and a consensus target price of $137.80.

Agilysys Stock Performance

NASDAQ:AGYS traded down $2.51 during trading hours on Friday, reaching $135.58. 93,866 shares of the company's stock were exchanged, compared to its average volume of 216,531. Agilysys has a 1-year low of $73.52 and a 1-year 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 firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 38.63 and a beta of 0.93. The company has a 50-day moving average of $125.16 and a 200 day moving average of $113.15.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Research analysts anticipate that Agilysys will post 0.81 EPS for the current year.

Insider Transactions at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 729 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value of $97,693.29. Following the sale, the insider now directly owns 21,895 shares in the company, valued at $2,934,148.95. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William David Wood III sold 588 shares of the company'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 $59,305.68. Following the transaction, the chief financial officer now directly owns 49,479 shares of the company's stock, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,122 shares of company stock valued at $1,231,391. 19.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AGYS. Larson Financial Group LLC acquired a new stake in shares of Agilysys during the second quarter worth $32,000. Advisors Asset Management Inc. raised its position in 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 buying an additional 182 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after acquiring an additional 166 shares during the period. NBC Securities Inc. purchased a new stake in shares of Agilysys in the third quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock worth $52,000 after acquiring an additional 205 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

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.