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

Key Points

• Axiom Investors LLC DE has reduced its stake in Agilysys, Inc. by 64% to 31,390 shares, valued at approximately $2.28 million.
• Recent earnings reveal that Agilysys missed analysts' consensus EPS estimate by $0.03, reporting $0.33 EPS and revenues of $76.68 million, a 20.7% increase year-over-year.
• Brokerages have given Agilysys a consensus rating of "Buy" with target prices ranging from $105 to $152, highlighting positive growth projections.

Axiom Investors LLC DE reduced its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 64.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,390 shares of the software maker's stock after selling 55,896 shares during the period. Axiom Investors LLC DE owned 0.11% of Agilysys worth $2,277,000 at the end of the most recent quarter.

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

Insider Activity

In related news, 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris J. Robertson sold 258 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 $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. This trade represents a 1.21% 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 insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AGYS shares. Oppenheimer boosted their price objective on Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Cantor Fitzgerald started coverage on 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 reissued a "buy" rating and set a $105.00 price objective (up from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Northland Securities set a $152.00 price objective on Agilysys in a research note on Tuesday, May 20th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $121.57.

Agilysys Trading Down 2.9%

Shares of AGYS traded down $3.17 during mid-day trading on Friday, reaching $105.88. 193,562 shares of the company's stock traded hands, compared to its average volume of 159,062. The stock has a market cap of $2.97 billion, a P/E ratio of 211.76 and a beta of 0.64. The stock's 50-day moving average is $111.57 and its two-hundred day moving average is $95.99. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. 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 (NASDAQ:AGYS - Get Free Report) last released its 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). The business had revenue of $76.68 million for the quarter, compared to the consensus estimate of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. Research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

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.