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

Agilysys, Inc. (NASDAQ:AGYS) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 472,900 shares, a drop of 13.3% from the March 15th total of 545,500 shares. Based on an average trading volume of 217,000 shares, the short-interest ratio is currently 2.2 days.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $82.39 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 25.83 and a beta of 0.66. The company has a 50-day moving average price of $81.10 and a 200-day moving average price of $80.80. Agilysys has a 1 year low of $62.00 and a 1 year high of $91.61.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, January 22nd. The software maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. Agilysys had a net margin of 38.27% and a return on equity of 20.54%. The company had revenue of $60.57 million for the quarter, compared to analyst estimates of $60.07 million. During the same period last year, the firm earned $0.26 earnings per share. The firm’s revenue was up 21.3% on a year-over-year basis. As a group, equities research analysts anticipate that Agilysys will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AGYS shares. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Needham & Company LLC lifted their price objective on shares of Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.75.

Insider Activity

In other news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the completion of the transaction, the insider now owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the completion of the transaction, the insider now owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William David Wood III sold 10,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $85.45, for a total transaction of $854,500.00. Following the transaction, the chief financial officer now directly owns 50,391 shares of the company’s stock, valued at approximately $4,305,910.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 978,585 shares of company stock valued at $80,315,632. Insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. RiverPark Advisors LLC lifted its position in shares of Agilysys by 53.2% during the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after purchasing an additional 133 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Agilysys by 370.9% during the first quarter. Captrust Financial Advisors now owns 890 shares of the software maker’s stock valued at $35,000 after purchasing an additional 701 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Agilysys by 751.9% during the first quarter. Tower Research Capital LLC TRC now owns 443 shares of the software maker’s stock valued at $37,000 after purchasing an additional 391 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Agilysys by 247.6% during the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after purchasing an additional 364 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Agilysys during the fourth quarter valued at about $80,000. 88.00% of the stock is owned by institutional investors.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.