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. cut its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 15.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Agilysys by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,228,018 shares of the software maker's stock valued at $161,620,000 after acquiring an additional 18,744 shares during the last quarter. Nuveen LLC acquired a new position in Agilysys in the first quarter valued at approximately $80,730,000. Geneva Capital Management LLC lifted its holdings in Agilysys by 14.9% in the first quarter. Geneva Capital Management LLC now owns 765,363 shares of the software maker's stock valued at $55,519,000 after acquiring an additional 99,419 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in Agilysys by 105.2% in the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock valued at $53,030,000 after acquiring an additional 374,800 shares during the last quarter. Finally, Riverbridge Partners LLC acquired a new position in Agilysys in the first quarter valued at approximately $32,913,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price target on the stock. Oppenheimer upped their price target on Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Tuesday. Northland Securities set a $152.00 price target on Agilysys in a research note on Tuesday, May 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $105.00 price target (up from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $121.57.

Agilysys Stock Up 0.8%

Agilysys stock opened at $109.05 on Friday. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64. The stock's fifty day simple moving average is $111.75 and its 200-day simple moving average is $95.61. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $3.06 billion, a P/E ratio of 218.10 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted 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). Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The company had revenue of $76.68 million for the quarter, compared to analysts' expectations of $74.42 million. During the same period in the prior year, the company posted $0.30 EPS. The firm'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 analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In other news, insider Chris J. Robertson sold 258 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $29,254.62. Following the sale, the insider owned 21,137 shares of the company's stock, valued at approximately $2,396,724.43. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the company'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 sale, the senior vice president directly 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. Over the last 90 days, insiders have sold 905 shares of company stock valued at $102,618. 8.60% of the stock is currently owned by company insiders.

About Agilysys

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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