Agilysys (NASDAQ:AGYS) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Agilysys (NASDAQ:AGYS - Get Free Report) released its earnings results on Monday. The software maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03), Briefing.com reports. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. During the same period last year, the business posted $0.30 earnings per share. Agilysys's quarterly revenue was up 20.7% on a year-over-year basis. Agilysys updated its FY 2026 guidance to EPS.

Agilysys Trading Up 1.5%

Shares of AGYS traded up $1.73 during trading hours on Monday, hitting $116.94. The company had a trading volume of 387,539 shares, compared to its average volume of 271,486. The firm has a market cap of $3.28 billion, a P/E ratio of 140.89 and a beta of 0.75. The stock's 50 day moving average price is $107.79 and its 200 day moving average price is $93.18. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. Agilysys has a 52-week low of $63.71 and a 52-week high of $142.64.

Analyst Upgrades and Downgrades

AGYS has been the subject of a number of analyst reports. Oppenheimer decreased their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Cantor Fitzgerald started coverage on Agilysys in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective for the company. Northland Securities set a $152.00 price target on Agilysys in a report on Tuesday, May 20th. Finally, Needham & Company LLC reissued a "buy" rating and set a $105.00 price target (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and an average target price of $116.57.

Insider Buying and Selling

In related news, SVP Kyle C. Badger sold 326 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the transaction, the senior vice president directly owned 114,791 shares in the company, valued at $13,016,151.49. The trade was a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William David Wood III sold 321 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,398.19. Following the sale, the chief financial officer owned 47,288 shares of the company's stock, valued at approximately $5,361,986.32. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,405 shares of company stock worth $158,033 in the last ninety days. Corporate insiders own 19.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its position in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after acquiring an additional 159 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Agilysys by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker's stock worth $972,000 after purchasing an additional 569 shares during the last quarter. Jane Street Group LLC grew its holdings in Agilysys by 1,025.2% in the first quarter. Jane Street Group LLC now owns 37,750 shares of the software maker's stock worth $2,738,000 after purchasing an additional 34,395 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker's stock worth $24,080,000 after buying an additional 184,402 shares during the period. Institutional investors own 88.00% of the company's stock.

Agilysys Company Profile

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.