Axiom Investors LLC DE Sells 55,896 Shares of Agilysys, Inc. $AGYS

Key Points

• Axiom Investors LLC DE has reduced its stock position in Agilysys by 64.0%, now holding about 0.11% of the company, worth approximately $2.3 million.
• Several hedge funds increased their positions in Agilysys during the fourth quarter, with institutional investors now owning 88.00% of the company's stock.
• Agilysys reported earnings of $0.33 per share for the latest quarter, missing analyst expectations, despite a 20.7% increase in revenue compared to the previous year.

Axiom Investors LLC DE lessened its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 64.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,390 shares of the software maker's stock after selling 55,896 shares during the quarter. Axiom Investors LLC DE owned about 0.11% of Agilysys worth $2,277,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AGYS. Harbor Investment Advisory LLC increased its holdings 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 worth $44,000 after acquiring an additional 239 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Agilysys during the fourth quarter worth about $64,000. AlphaQuest LLC boosted its position in shares of Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock worth $77,000 after buying an additional 1,013 shares during the period. Cloud Capital Management LLC acquired a new position in Agilysys during the first quarter valued at approximately $86,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Agilysys by 11.2% during the first 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 during the last quarter. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Agilysys Trading Up 0.0%

AGYS traded up $0.03 during midday trading on Friday, hitting $109.12. 160,920 shares of the company were exchanged, compared to its average volume of 190,635. The firm has a market capitalization of $3.06 billion, a P/E ratio of 218.24 and a beta of 0.71. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The firm's 50 day moving average price is $112.76 and its 200-day moving average price is $94.07. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share (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 business had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter 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 forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 258 shares of the business's stock in a transaction dated 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 directly owned 21,137 shares of the company's stock, valued at $2,396,724.43. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Mutch sold 500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the sale, the director directly owned 31,404 shares of the company's stock, valued at $3,480,505.32. This represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,405 shares of company stock valued at $158,033. 8.60% of the stock is currently owned by corporate 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.