Russell Investments Group Ltd. Acquires 11,046 Shares of Agilysys, Inc. $AGYS

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Agilysys, Inc. by 97.2%, acquiring an additional 11,046 shares, bringing its total ownership to about 22,415 shares valued at approximately $1.6 million.
• Analysts have rated Agilysys positively, with a consensus rating of "Buy" and a price target of $120.86, reflecting confidence in the company's growth prospects.
• In the most recent earnings report, Agilysys posted revenues of $76.68 million for the quarter, exceeding expectations, but reported earnings per share of $0.33, which missed the consensus estimate by $0.03.

Russell Investments Group Ltd. boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 97.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,415 shares of the software maker's stock after purchasing an additional 11,046 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Agilysys worth $1,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in Agilysys during the fourth quarter worth $64,000. Harbor Investment Advisory LLC lifted its position in Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares during the period. Cloud Capital Management LLC bought a new stake in Agilysys during the first quarter worth about $86,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Agilysys by 11.2% during 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. Finally, Graham Capital Management L.P. bought a new stake in Agilysys during the fourth quarter worth about $206,000. 88.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Northland Securities set a $152.00 target price on Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Oppenheimer boosted 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. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $120.86.

Agilysys Trading Up 0.0%

Shares of Agilysys stock traded up $0.03 on Friday, hitting $109.12. The stock had a trading volume of 160,920 shares, compared to its average volume of 190,635. The stock has a 50 day moving average of $112.76 and a 200 day moving average of $94.07. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11. The firm has a market capitalization of $3.06 billion, a P/E ratio of 218.24 and a beta of 0.71.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The firm had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. During the same period in the prior year, the company earned $0.30 EPS. 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. Sell-side analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Activity

In other Agilysys news, Director John Mutch sold 500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the sale, the director owned 31,404 shares of the company's stock, 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 can be accessed through this hyperlink. Also, SVP Kyle C. Badger sold 326 shares of the 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 sale, the senior vice president directly owned 114,791 shares of the company's stock, valued at $13,016,151.49. This represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,405 shares of company stock worth $158,033. 8.60% of the stock is 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.