BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys Shares of 225,297 Agilysys, Inc. $AGYS

Key Points

• BNP Paribas Asset Management has acquired 225,297 shares of Agilysys, Inc., valued at approximately $16.34 million, representing 0.81% of the company's stock.
• Agilysys reported a quarterly earnings of $0.33 per share, missing estimates, but saw a 20.7% year-over-year revenue growth, totaling $76.68 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" with a price target of $120.86 for Agilysys, with some firms raising their target prices significantly.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 225,297 shares of the software maker's stock, valued at approximately $16,343,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.81% of Agilysys as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock worth $102,000 after purchasing an additional 141 shares during the period. Harbor Investment Advisory LLC lifted its stake in Agilysys by 64.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Agilysys by 8.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker's stock worth $240,000 after acquiring an additional 244 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in Agilysys by 2.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock worth $1,225,000 after acquiring an additional 246 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in Agilysys by 2.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker's stock worth $889,000 after acquiring an additional 257 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Agilysys

In related news, CFO William David Wood III sold 321 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $5,361,986.32. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the transaction, the insider owned 21,137 shares in the company, valued at $2,396,724.43. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,405 shares of company stock worth $158,033. 8.60% of the stock is owned by corporate insiders.

Agilysys Stock Up 0.3%

Shares of AGYS traded up $0.30 during mid-day trading on Wednesday, reaching $106.50. The company's stock had a trading volume of 162,437 shares, compared to its average volume of 224,591. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The stock has a market cap of $2.99 billion, a PE ratio of 213.00 and a beta of 0.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. The company's 50 day moving average is $112.83 and its 200 day moving average is $92.90.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $76.68 million for the quarter, compared to analysts' expectations of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. Equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Oppenheimer increased their target price on Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Northland Securities set a $152.00 price target on Agilysys in a research report on Tuesday, May 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Cantor Fitzgerald started coverage on Agilysys in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $120.86.

Agilysys 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.