Sei Investments Co. Has $3.09 Million Stake in Agilysys, Inc. $AGYS

Key Points

• Sei Investments Co. has reduced its holdings in Agilysys, Inc. by 7.4% in the first quarter, now owning approximately 0.15% of the company, valued at $3.08 million.
• Agilysys reported a 20.7% increase in revenue year-over-year for the last quarter, reaching $76.68 million, but missed earnings per share estimates by $0.03.
• Analysts maintain a consensus rating of "Moderate Buy" with an average price target of $120.86 for Agilysys, following recent upgrades in price objectives from several brokerages.

Sei Investments Co. lowered its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,532 shares of the software maker's stock after selling 3,401 shares during the quarter. Sei Investments Co. owned approximately 0.15% of Agilysys worth $3,085,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AGYS. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 worth $102,000 after acquiring an additional 141 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in 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 last quarter. Linden Thomas Advisory Services LLC boosted its stake 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 worth $240,000 after acquiring an additional 244 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in Agilysys by 2.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock worth $1,225,000 after acquiring an additional 246 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in Agilysys by 2.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker's stock worth $889,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Insider Activity

In related news, SVP Kyle C. Badger sold 326 shares of the company'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 $36,965.14. Following the completion of the sale, the senior vice president owned 114,791 shares of the company's stock, valued at $13,016,151.49. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the company's stock in a transaction dated 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 directly owned 21,137 shares of the company's stock, valued at $2,396,724.43. This represents 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. 8.60% of the stock is owned by company insiders.

Agilysys Stock Performance

Shares of NASDAQ:AGYS traded down $0.09 on Thursday, hitting $106.41. The company had a trading volume of 24,842 shares, compared to its average volume of 309,310. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 212.92 and a beta of 0.71. The stock has a 50 day moving average price of $112.83 and a 200 day moving average price of $92.90. 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 (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. Agilysys's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. Analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. 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. Northland Securities set a $152.00 price target on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Oppenheimer lifted their price target on shares of Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $120.86.

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.