Agilysys, Inc. (NASDAQ:AGYS) Short Interest Up 5.4% in January

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,180,000 shares, an increase of 5.4% from the December 31st total of 1,120,000 shares. Based on an average trading volume of 213,800 shares, the days-to-cover ratio is presently 5.5 days.

Analysts Set New Price Targets

AGYS has been the topic of a number of research reports. BTIG Research upped their price target on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Oppenheimer reduced their price target on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 22nd. Craig Hallum dropped their price objective on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Needham & Company LLC decreased their price target on shares of Agilysys from $145.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Agilysys Stock Down 2.0 %

NASDAQ:AGYS traded down $1.80 during mid-day trading on Thursday, hitting $86.34. The stock had a trading volume of 204,353 shares, compared to its average volume of 422,761. Agilysys has a twelve month low of $74.03 and a twelve month high of $142.64. The stock has a 50-day simple moving average of $123.62 and a two-hundred day simple moving average of $115.66. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.41 billion, a PE ratio of 107.93 and a beta of 0.93.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company's revenue was up 14.9% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. On average, equities research analysts anticipate that Agilysys will post 0.8 EPS for the current year.

Insider Activity

In other Agilysys news, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction on Monday, November 11th. The stock was sold at an average price of $122.84, for a total value of $402,915.20. Following the sale, the director now owns 34,407 shares in the company, valued at $4,226,555.88. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mutch sold 500 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the sale, the director now owns 34,654 shares in the company, valued at approximately $4,777,400.44. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,879 shares of company stock valued at $9,316,137. 19.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Agilysys during the 4th quarter worth about $19,637,000. Arizona State Retirement System increased its stake in Agilysys by 7.9% in the fourth quarter. Arizona State Retirement System now owns 7,676 shares of the software maker's stock valued at $1,011,000 after purchasing an additional 561 shares during the last quarter. Atria Investments Inc acquired a new stake in Agilysys during the fourth quarter worth approximately $315,000. Assetmark Inc. purchased a new stake in shares of Agilysys during the 4th quarter worth approximately $115,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Agilysys in the 4th quarter valued at $226,000. 88.00% of the stock is owned by institutional investors and hedge funds.

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.