Public Sector Pension Investment Board Acquires 15,501 Shares of Agilysys, Inc. $AGYS

Key Points

• The Public Sector Pension Investment Board increased its stake in Agilysys, Inc. by 27.8% during the first quarter, owning 71,230 shares valued at approximately $5.17 million.
• Analysts have set a consensus price target of $120.86 for Agilysys, with Northland Securities establishing a target of $152.00 and others rating the stock as a "Moderate Buy."
• Agilysys reported earnings per share (EPS) of $0.33 for the last quarter, which was below analysts' estimates of $0.36, despite a revenue increase of 20.7% year-over-year.

Public Sector Pension Investment Board lifted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 27.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,230 shares of the software maker's stock after acquiring an additional 15,501 shares during the period. Public Sector Pension Investment Board owned approximately 0.25% of Agilysys worth $5,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGYS. Harbor Investment Advisory LLC lifted its holdings in shares of Agilysys by 64.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Agilysys in the 4th quarter valued at approximately $64,000. Cloud Capital Management LLC acquired a new position in Agilysys in the 1st quarter valued at approximately $86,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Agilysys by 11.2% in 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 acquiring an additional 141 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Agilysys during the fourth quarter worth $145,000. Institutional investors own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Agilysys Trading Up 3.7%

Shares of AGYS traded up $3.96 during mid-day trading on Friday, reaching $110.90. The company's stock had a trading volume of 32,473 shares, compared to its average volume of 308,018. The stock has a market cap of $3.11 billion, a PE ratio of 222.11 and a beta of 0.71. 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 52 week low of $63.71 and a 52 week high of $142.64. The company's fifty day moving average price is $112.75 and its two-hundred day moving average price is $93.05.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 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 firm had revenue of $76.68 million for the quarter, compared to the consensus estimate of $74.42 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company's quarterly revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. On average, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other news, CFO William David Wood III sold 321 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,398.19. Following the sale, the chief financial officer owned 47,288 shares of the company's stock, valued at $5,361,986.32. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris J. Robertson sold 258 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 21,137 shares in the company, valued at approximately $2,396,724.43. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,405 shares of company stock worth $158,033. Insiders own 8.60% of the company's stock.

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.