Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 255,900 shares, a decrease of 6.4% from the August 15th total of 273,500 shares. Based on an average daily trading volume, of 149,100 shares, the short-interest ratio is presently 1.7 days.
Analysts Set New Price Targets
AGYS has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Agilysys in a report on Thursday, August 17th. They set a "hold" rating on the stock. Northland Securities reduced their target price on shares of Agilysys from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Tuesday, July 25th. Needham & Company LLC initiated coverage on shares of Agilysys in a report on Monday, August 14th. They set a "buy" rating and a $92.00 target price on the stock. Finally, Oppenheimer reduced their target price on shares of Agilysys from $105.00 to $85.00 and set an "outperform" rating on the stock in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.40.
View Our Latest Analysis on Agilysys
Insider Transactions at Agilysys
In other news, Director John Mutch sold 1,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $70.91, for a total value of $70,910.00. Following the transaction, the director now owns 36,358 shares of the company's stock, valued at approximately $2,578,145.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 23.60% of the company's stock.
Institutional Investors Weigh In On Agilysys
Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Agilysys by 13.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,185 shares of the software maker's stock worth $94,000 after purchasing an additional 139 shares during the period. Tower Research Capital LLC TRC lifted its position in Agilysys by 31.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 584 shares of the software maker's stock valued at $40,000 after acquiring an additional 141 shares during the period. State of Tennessee Treasury Department lifted its position in Agilysys by 1.5% during the 2nd quarter. State of Tennessee Treasury Department now owns 12,343 shares of the software maker's stock valued at $847,000 after acquiring an additional 179 shares during the period. Arizona State Retirement System lifted its position in Agilysys by 2.8% during the 1st quarter. Arizona State Retirement System now owns 6,899 shares of the software maker's stock valued at $569,000 after acquiring an additional 189 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Agilysys by 0.7% during the 2nd quarter. Alliancebernstein L.P. now owns 26,535 shares of the software maker's stock valued at $1,821,000 after acquiring an additional 189 shares during the period. 97.65% of the stock is owned by hedge funds and other institutional investors.
Agilysys Stock Down 1.2 %
Shares of Agilysys stock opened at $67.94 on Tuesday. The firm has a market cap of $1.72 billion, a PE ratio of 158.00 and a beta of 0.90. Agilysys has a 12-month low of $46.99 and a 12-month high of $88.16. The company's fifty day simple moving average is $70.11 and its two-hundred day simple moving average is $73.97.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Monday, July 24th. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Agilysys had a net margin of 6.34% and a return on equity of 23.95%. The firm had revenue of $56.10 million during the quarter, compared to analysts' expectations of $55.24 million. During the same period last year, the company posted $0.21 EPS. The company's quarterly revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts expect that Agilysys will post 0.73 earnings per share for the current fiscal year.
Agilysys Company Profile
(Get Free Report
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.
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