Advantage Alpha Capital Partners LP Acquires New Stake in Agilysys, Inc. $AGYS

Key Points

• Advantage Alpha Capital Partners LP has acquired 71,751 shares of Agilysys, Inc., totaling around $5.2 million, making it the firm's 26th largest holding.
• Agilysys reported earnings of $0.33 EPS for the last quarter, slightly missing the analysts' estimate, although the company saw a 20.7% revenue increase year-over-year.
• Recent analyst ratings for Agilysys include an "overweight" rating with a price target of $125.00, indicating strong confidence among investment analysts.

Advantage Alpha Capital Partners LP purchased a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 71,751 shares of the software maker's stock, valued at approximately $5,205,000. Agilysys accounts for about 1.3% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 26th largest position. Advantage Alpha Capital Partners LP owned about 0.26% of Agilysys at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AGYS. NewEdge Advisors LLC increased its stake in shares of Agilysys by 151.8% during the fourth quarter. NewEdge Advisors LLC now owns 7,038 shares of the software maker's stock valued at $927,000 after buying an additional 4,243 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Agilysys during the fourth quarter valued at approximately $145,000. MetLife Investment Management LLC increased its stake in shares of Agilysys by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 13,650 shares of the software maker's stock valued at $1,798,000 after buying an additional 884 shares during the period. State of Tennessee Department of Treasury increased its stake in shares of Agilysys by 2.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock valued at $1,225,000 after buying an additional 246 shares during the period. Finally, Dark Forest Capital Management LP increased its stake in shares of Agilysys by 199.1% during the fourth quarter. Dark Forest Capital Management LP now owns 6,191 shares of the software maker's stock valued at $815,000 after buying an additional 4,121 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Agilysys Stock Up 0.5%

Agilysys stock traded up $0.51 during mid-day trading on Wednesday, hitting $108.76. The company had a trading volume of 49,943 shares, compared to its average volume of 305,855. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average price is $112.72 and its two-hundred day moving average price is $93.55. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The company has a market capitalization of $3.05 billion, a PE ratio of 217.59 and a beta of 0.71.

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

Insiders Place Their Bets

In other news, Director John Mutch sold 500 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the transaction, the director owned 31,404 shares in the company, valued at $3,480,505.32. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris J. Robertson sold 258 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 21,137 shares of the company's stock, valued at $2,396,724.43. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,405 shares of company stock worth $158,033 over the last three months. Company insiders own 8.60% of the company's stock.

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.