BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases New Position in 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. purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 225,297 shares of the software maker's stock, valued at approximately $16,343,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.81% of Agilysys at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Agilysys in the 1st quarter worth about $1,078,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Agilysys by 11.2% in 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 last quarter. Two Sigma Advisers LP grew its holdings in shares of Agilysys by 11.6% in the 4th quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock worth $632,000 after purchasing an additional 500 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Agilysys by 32.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker's stock worth $10,202,000 after purchasing an additional 34,660 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Agilysys by 22.9% in the 1st quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker's stock worth $436,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

Analyst Ratings Changes

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

Agilysys Trading Up 3.4%

Agilysys stock traded up $3.59 during trading hours on Friday, reaching $110.53. 196,055 shares of the company's stock traded hands, compared to its average volume of 209,208. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 221.06 and a beta of 0.71. The firm's 50 day moving average is $112.77 and its 200-day moving average is $93.21.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its 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). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The business had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business's revenue for the quarter was up 20.7% on a year-over-year basis. Agilysys has set its FY 2026 guidance at EPS. On average, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the transaction, the director directly owned 31,404 shares in the company, valued at approximately $3,480,505.32. This represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kyle C. Badger sold 326 shares of the company's 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 transaction, the senior vice president owned 114,791 shares in the company, valued at approximately $13,016,151.49. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,405 shares of company stock valued at $158,033. 8.60% of the stock is currently owned by company insiders.

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.