Agilysys, Inc. $AGYS Shares Sold by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management Inc. reduced its holdings in Agilysys, Inc. by 15.7%, now owning 128,740 shares valued at approximately $9.34 million.
• Several large investors increased their stakes in Agilysys; notably, Conestoga Capital Advisors LLC raised its holdings by over 105% during the same period.
• Agilysys has a consensus rating of "Buy" from six equity research analysts, with a target price of $121.57, despite reporting lower than expected earnings per share for the latest quarter.

Osterweis Capital Management Inc. lowered its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 15.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 128,740 shares of the software maker's stock after selling 23,915 shares during the period. Osterweis Capital Management Inc. owned 0.46% of Agilysys worth $9,339,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock valued at $102,000 after purchasing an additional 141 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after buying an additional 159 shares during the last quarter. Harbor Investment Advisory LLC raised its position in shares of Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after purchasing an additional 239 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in Agilysys by 8.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker's stock valued at $240,000 after acquiring an additional 244 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in Agilysys by 2.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker's stock valued at $889,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Trading Up 2.2%

Shares of Agilysys stock traded up $2.38 on Wednesday, reaching $109.98. The company had a trading volume of 61,244 shares, compared to its average volume of 295,659. The firm's 50-day moving average price is $111.23 and its two-hundred day moving average price is $96.25. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 218.93 and a beta of 0.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $142.64.

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 for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $76.68 million during the quarter, compared to analysts' expectations of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The firm's revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. As a group, research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Northland Securities set a $152.00 price objective on shares of Agilysys in a research report on Tuesday, May 20th. Oppenheimer raised their target price on shares of Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Cantor Fitzgerald assumed coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Agilysys presently has an average rating of "Buy" and an average target price of $121.57.

Insider Activity

In other Agilysys news, insider Chris J. Robertson sold 258 shares of the 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 sale, the insider owned 21,137 shares in the company, valued at approximately $2,396,724.43. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 114,791 shares of the company's stock, valued at $13,016,151.49. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 905 shares of company stock worth $102,618 over the last quarter. 8.60% of the stock is currently owned by corporate insiders.

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.