Deutsche Bank AG Sells 6,854 Shares of Agilysys, Inc. $AGYS

Key Points

• Deutsche Bank AG has reduced its position in Agilysys by 3.2%, now holding 204,694 shares worth approximately $14.8 million.
• A variety of institutional investors have altered their stakes in Agilysys, with Harbor Investment Advisory increasing theirs by 64.6% in the first quarter.
• Agilysys reported a 20.7% increase in revenue year-over-year but missed EPS estimates, posting $0.33 against a consensus of $0.36.

Deutsche Bank AG lowered its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,694 shares of the software maker's stock after selling 6,854 shares during the quarter. Deutsche Bank AG owned approximately 0.73% of Agilysys worth $14,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Agilysys during the 4th quarter valued at about $64,000. Harbor Investment Advisory LLC increased its position 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 valued at $44,000 after purchasing an additional 239 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Agilysys during the 4th quarter valued at about $145,000. Cloud Capital Management LLC purchased a new stake in shares of Agilysys during the 1st quarter valued at about $86,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of Agilysys during the 4th quarter valued at about $206,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Agilysys Price Performance

AGYS traded down $1.32 during trading on Tuesday, reaching $105.88. 12,565 shares of the company traded hands, compared to its average volume of 311,520. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The firm has a fifty day simple moving average of $113.04 and a 200 day simple moving average of $92.71. The company has a market cap of $2.97 billion, a P/E ratio of 211.76 and a beta of 0.71.

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 company had revenue of $76.68 million for the quarter, compared to analysts' expectations of $74.42 million. During the same period last year, the business 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, equities analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Agilysys

In other news, 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 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. This represents a 1.21% decrease in their position. 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 stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 1,405 shares of company stock valued at $158,033 over the last quarter. 8.60% of the stock is owned by insiders.

Agilysys Company 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.