Charles Schwab Investment Management Inc. Sells 5,610 Shares of Agilysys, Inc. $AGYS

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Agilysys, Inc. by 2.7%, now owning approximately 199,055 shares valued at $14.4 million.
• Agilysys has seen significant interest from institutional investors, with 88.00% of the stock currently held by them, including newly acquired positions worth tens of millions.
• Despite reporting $0.33 earnings per share this quarter, which missed estimates, Agilysys experienced a 20.7% increase in revenue year-over-year.

Charles Schwab Investment Management Inc. cut its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,055 shares of the software maker's stock after selling 5,610 shares during the period. Charles Schwab Investment Management Inc. owned about 0.71% of Agilysys worth $14,439,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AGYS. Harbor Investment Advisory LLC grew its stake in shares of Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after acquiring an additional 239 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Agilysys during the fourth quarter valued at about $64,000. Cloud Capital Management LLC acquired a new stake in shares of Agilysys during the first quarter valued at about $86,000. Canada Pension Plan Investment Board acquired a new stake in shares of Agilysys during the fourth quarter valued at about $145,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Agilysys during the fourth quarter valued at about $206,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 258 shares of the firm'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 sale, the insider owned 21,137 shares of the company's stock, valued at $2,396,724.43. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kyle C. Badger sold 326 shares of the firm'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 $36,965.14. Following the completion of the sale, the senior vice president directly owned 114,791 shares of the company's stock, valued at approximately $13,016,151.49. This trade represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,405 shares of company stock valued at $158,033. Insiders own 8.60% of the company's stock.

Agilysys Stock Performance

Shares of AGYS traded up $0.03 during mid-day trading on Friday, reaching $109.12. 160,920 shares of the company's stock traded hands, compared to its average volume of 190,635. The business's 50-day moving average price is $112.76 and its 200-day moving average price is $93.99. The stock has a market capitalization of $3.06 billion, a P/E ratio of 218.24 and a beta of 0.71. 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 12 month low of $63.71 and a 12 month high of $142.64.

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 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 the consensus estimate of $74.42 million. During the same period last year, the firm posted $0.30 EPS. The business's quarterly revenue was up 20.7% on a year-over-year basis. Agilysys has set its FY 2026 guidance at EPS. Equities analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

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.