Comerica Bank Has $4.95 Million Position in Agilysys, Inc. $AGYS

Key Points

• Comerica Bank increased its stake in Agilysys, Inc. by 102.0% in the 1st quarter, owning 68,208 shares worth approximately $4.95 million by the end of the period.
• Agilysys reported a revenue increase of 20.7% year-over-year, generating $76.68 million but missed earnings estimates by $0.03 per share, ending with an EPS of $0.33.
• Analysts have a consensus "Buy" rating on Agilysys, with price targets ranging from $105.00 to $152.00, reflecting optimism about the software maker's prospects.

Comerica Bank lifted its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 102.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,208 shares of the software maker's stock after acquiring an additional 34,437 shares during the period. Comerica Bank owned approximately 0.24% of Agilysys worth $4,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Agilysys in the first quarter worth $1,078,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Agilysys by 11.2% in the first 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. Two Sigma Advisers LP lifted its position in Agilysys by 11.6% in the fourth 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 period. Envestnet Asset Management Inc. lifted its position in Agilysys by 32.7% in the first 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 period. Finally, Fifth Third Bancorp lifted its position in Agilysys by 22.9% in the first 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 period. 88.00% of the stock is owned by institutional investors.

Agilysys Price Performance

Shares of Agilysys stock traded down $1.19 during trading on Wednesday, reaching $106.38. The company's stock had a trading volume of 53,469 shares, compared to its average volume of 302,092. The stock has a 50-day moving average price of $112.53 and a two-hundred day moving average price of $94.38. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The stock has a market capitalization of $2.98 billion, a P/E ratio of 212.66 and a beta of 0.64.

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). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The business had revenue of $76.68 million during the quarter, compared to the consensus estimate of $74.42 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business's quarterly revenue 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 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,398.19. Following the completion of the transaction, the chief financial officer directly owned 47,288 shares of the company's stock, valued at $5,361,986.32. The trade was a 0.67% decrease in their ownership of the stock. 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 Agilysys stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $29,254.62. Following the completion of the transaction, the insider directly owned 21,137 shares of the company's stock, valued at $2,396,724.43. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,405 shares of company stock valued at $158,033. 8.60% of the stock is owned by corporate 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.