Agilysys, Inc. $AGYS Holdings Cut by Riverbridge Partners LLC

Key Points

• Riverbridge Partners LLC reduced its holdings in Agilysys, Inc. by 12.4%, selling 56,178 shares, leaving it with approximately 397,539 shares valued at about $45.57 million.
• Agilysys reported $0.33 EPS for the last quarter, missing the analysts' estimates of $0.36, although its revenue increased by 20.7% year-over-year.
• Brokerages have shown optimism for Agilysys, with six analysts rating it as 'Buy' and a price target average of $121.57, indicating a generally favorable outlook.

Riverbridge Partners LLC lowered its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 12.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 397,539 shares of the software maker's stock after selling 56,178 shares during the period. Riverbridge Partners LLC owned about 1.42% of Agilysys worth $45,574,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AGYS. GAMMA Investing LLC lifted its holdings in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker's stock worth $35,000 after acquiring an additional 92 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Agilysys by 30.1% in 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 last quarter. AlphaQuest LLC lifted its holdings in Agilysys by 2,026.0% in the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock worth $77,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in Agilysys in the first quarter worth about $86,000. Institutional investors own 88.00% of the company's stock.

Agilysys Price Performance

NASDAQ AGYS opened at $104.24 on Thursday. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. 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 firm has a market capitalization of $2.92 billion, a PE ratio of 208.48 and a beta of 0.64. The company's 50 day simple moving average is $110.21 and its 200 day simple moving average is $97.24.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 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 company had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. During the same quarter in the prior year, the business earned $0.30 EPS. Agilysys's revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGYS. Cantor Fitzgerald initiated 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 lifted their price target on Agilysys from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Tuesday, September 9th. Finally, Zacks Research raised Agilysys from a "strong sell" rating to a "hold" rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $121.57.

Insider Activity 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 shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the firm'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 transaction of $36,965.14. Following the transaction, the senior vice president owned 114,791 shares in the company, valued at $13,016,151.49. This represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 905 shares of company stock worth $102,618 over the last quarter. 8.60% of the stock is currently owned by company insiders.

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.

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