Agilysys, Inc. (AGYS) Reaches $14.41 52-Week High; Shorts at Penske Automotive Group (PAG) Raised By 4.68%

June 10, 2018 - By Louis Casey

Penske Automotive Group, Inc. (NYSE:PAG) Logo

The stock of Agilysys, Inc. (NASDAQ:AGYS) hit a new 52-week high and has $14.84 target or 3.00% above today’s $14.41 share price. The 7 months bullish chart indicates low risk for the $335.94 million company. The 1-year high was reported on Jun, 10 by Barchart.com. If the $14.84 price target is reached, the company will be worth $10.08 million more. The stock increased 2.13% or $0.3 during the last trading session, reaching $14.41. About 101,552 shares traded or 123.15% up from the average. Agilysys, Inc. (NASDAQ:AGYS) has risen 46.11% since June 10, 2017 and is uptrending. It has outperformed by 33.54% the S&P500. Some Historical AGYS News: ; 23/03/2018 – Agilysys: Prabuddha Biswas Appointed Chief Technology Officer, Effective April 19; 23/03/2018 – Agilysys Appoints Two New Senior Executives to Lead Technology and Marketing Initiatives; 21/04/2018 – DJ Agilysys Inc, Inst Holders, 1Q 2018 (AGYS); 08/03/2018 – Agilysys to Highlight Next-Generation Hospitality Software Solutions at HT-NEXT in San Diego; 23/03/2018 – AGILYSYS NAMES PRABUDDHA BISWAS CTO, REPLACING LARRY STEINBERG; 15/03/2018 – Agilysys to Sponsor Crescent Hotels & Resorts Leadership Conference; 24/05/2018 – Agilysys Fiscal 2018 Fourth Quarter Revenue Rises 5% to $32.1 Million Inclusive of 32% Increase in SAAS Revenue; 22/03/2018 – Agilysys Participates in HTNG Whitepaper on GDPR; 15/05/2018 – Release of New Eatec® Version Brings Simplified Installation and Enhanced Integrations; 23/03/2018 – Agilysys: Heather Varian Foster Appointed VP of Marketing, a New Position at Agilysys, Effective March 29

Penske Automotive Group Inc (NYSE:PAG) had an increase of 4.68% in short interest. PAG’s SI was 4.34 million shares in June as released by FINRA. Its up 4.68% from 4.15M shares previously. With 560,000 avg volume, 8 days are for Penske Automotive Group Inc (NYSE:PAG)’s short sellers to cover PAG’s short positions. The SI to Penske Automotive Group Inc’s float is 12.27%. The stock increased 1.10% or $0.55 during the last trading session, reaching $50.77. About 371,632 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has risen 13.29% since June 10, 2017 and is uptrending. It has outperformed by 0.72% the S&P500. Some Historical PAG News: ; 13/04/2018 – Hong Kong’s PAG seeks as much as $6 bln for new Asia PE fund; 03/04/2018 – LEXMARK PERFORMS AHEAD OF BUDGET, BOND TO RECOVER: PAG CHAIRMAN; 05/03/2018 – FITCH SEES TO RATE PENSKE’S SR UNSECURED NOTES ‘BBB+’; 11/04/2018 – KSS: Consortium Led by KSS Parent Ningbo Joyson Electronic Corp, PAG, Future Industry Investment Fund Provided Funding for Deal to Be Completed; 11/05/2018 – Penske Automotive Elects Wolfgang Durheimer as New Bd Member; 11/04/2018 – JOYSON, PAG FUND KSS TO BUY AIR-BAG MAKER TAKATA IN ASSET DEAL; 25/04/2018 – PENSKE AUTOMOTIVE GROUP INC QTRLY AUTOMOTIVE RETAIL SAME-STORE RETAIL UNIT SALES UP 0.4%; 25/04/2018 – Penske Auto 1Q Rev $5.8B; 07/05/2018 – Fitch Expects to Rate Penske’s Senior Unsecured Debt ‘BBB+’; 10/05/2018 – Penske Automotive Increases Dividend

Another recent and important Penske Automotive Group, Inc. (NYSE:PAG) news was published by Bizjournals.com which published an article titled: “Penske Truck Leasing Co. opens largest Houston facility, hiring” on June 01, 2018.

Since March 27, 2018, it had 1 insider purchase, and 3 selling transactions for $50.15 million activity. Another trade for 4,000 shares valued at $194,056 was bought by THOMPSON H BRIAN. Another trade for 2,150 shares valued at $103,953 was made by Spradlin Shane M. on Friday, June 1. Another trade for 1.13M shares valued at $50.00 million was made by MITSUI & CO LTD on Tuesday, March 27. MCWATERS KIMBERLY J sold $242,886 worth of stock.

Penske Automotive Group, Inc. operates as a transportation services company. The company has market cap of $4.31 billion. The firm operates through Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments divisions. It has a 7.11 P/E ratio. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.18, from 1.08 in 2017Q4. It is negative, as 29 investors sold Penske Automotive Group, Inc. shares while 72 reduced holdings. 36 funds opened positions while 55 raised stakes. 35.06 million shares or 1.98% more from 34.38 million shares in 2017Q4 were reported. Sei Investments has invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). United Serv Automobile Association invested in 0.02% or 142,762 shares. Lord Abbett And Llc invested in 0.01% or 100,400 shares. Utah Retirement Sys holds 0.01% in Penske Automotive Group, Inc. (NYSE:PAG) or 6,600 shares. Lowe Brockenbrough has 0.16% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 24,760 shares. 202,100 were reported by Renaissance Tech Ltd Liability Corporation. Ftb Incorporated reported 0% stake. Guggenheim Ltd Liability Co holds 0.01% in Penske Automotive Group, Inc. (NYSE:PAG) or 46,855 shares. Manufacturers Life Insur Co The reported 2,488 shares. Aristotle Management Limited Company reported 30,465 shares. Huntington Commercial Bank holds 2 shares or 0% of its portfolio. Wells Fargo Mn stated it has 0% in Penske Automotive Group, Inc. (NYSE:PAG). Great West Life Assurance Can invested in 4,269 shares or 0% of the stock. Dreman Value Mgmt L L C accumulated 1,010 shares. Amalgamated Natl Bank reported 6,756 shares.

Among 10 analysts covering Penske Automotive Group (NYSE:PAG), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Penske Automotive Group had 15 analyst reports since October 14, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, November 13 by KeyBanc Capital Markets. On Tuesday, October 3 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The rating was downgraded by Evercore to “Sell” on Thursday, October 13. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, March 14. KeyBanc Capital Markets downgraded Penske Automotive Group, Inc. (NYSE:PAG) on Tuesday, June 28 to “Sector Perform” rating. The firm has “Hold” rating given on Thursday, August 31 by KeyBanc Capital Markets. The firm earned “Positive” rating on Thursday, February 2 by Susquehanna. Seaport Global initiated the shares of PAG in report on Tuesday, August 9 with “Neutral” rating. On Friday, April 28 the stock rating was upgraded by Gabelli to “Buy”. The firm has “Buy” rating by Northcoast given on Thursday, September 28.

Analysts await Agilysys, Inc. (NASDAQ:AGYS) to report earnings on August, 2. They expect $-0.11 EPS, up 15.38% or $0.02 from last year’s $-0.13 per share. After $-0.01 actual EPS reported by Agilysys, Inc. for the previous quarter, Wall Street now forecasts 1,000.00% negative EPS growth.

Agilysys, Inc., together with its subsidiaries, operates as a developer and marketer of hardware and software services and products to the hospitality industry in North America, Europe, and Asia. The company has market cap of $335.94 million. It specializes in point-of-sale, property management, inventory and procurement, workforce management, and mobile and wireless solutions that are designed to streamline operations, enhance efficiency, increasing guest recruitment and wallet share, and enhance the overall guest experience. It currently has negative earnings. The firm also offers support and maintenance of software and hardware products, and subscription services; and professional services.

Penske Automotive Group, Inc. (NYSE:PAG) Institutional Positions Chart

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