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

Agilysys (NASDAQ:AGYS - Get Free Report) announced its quarterly earnings results on Monday. The software maker reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03), Briefing.com reports. The business had revenue of $76.68 million for the quarter, compared to the consensus estimate of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. Agilysys updated its FY 2026 guidance to EPS.

Agilysys Trading Up 0.8%

Shares of AGYS traded up $0.86 during trading hours on Thursday, reaching $113.49. The stock had a trading volume of 252,412 shares, compared to its average volume of 304,277. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. Agilysys has a 52 week low of $63.71 and a 52 week high of $142.64. The firm has a 50-day moving average of $109.59 and a 200 day moving average of $93.32. The company has a market cap of $3.18 billion, a P/E ratio of 226.98 and a beta of 0.75.

Insider Transactions at Agilysys

In other news, SVP Kyle C. Badger sold 326 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction 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. This represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William David Wood III sold 321 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the transaction, 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 90 days. Company insiders own 19.30% of the company's stock.

Hedge Funds Weigh In On Agilysys

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its stake in Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker's stock valued at $24,080,000 after purchasing an additional 184,402 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Agilysys by 1,025.2% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Agilysys by 4.4% during 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 period. Finally, Advisors Asset Management Inc. increased its stake in Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after acquiring an additional 159 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AGYS shares. Needham & Company LLC reiterated a "buy" rating and issued a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Northland Securities set a $152.00 price objective on shares of Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald started coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price for the company. Finally, Oppenheimer upped their target price on shares of Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.86.

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.