Driehaus Capital Management LLC Reduces Stake in Agilysys, Inc. $AGYS

Key Points

• Driehaus Capital Management LLC reduced its stake in Agilysys, Inc. by 40.3% during the first quarter, now owning 93,095 shares valued at $6.75 million.
• Several large investors, including Universal Beteiligungs und Servicegesellschaft mbH and Envestnet Asset Management Inc., have recently increased their positions in Agilysys, reflecting ongoing interest from institutional investors.
• Agilysys reported quarterly earnings with $0.33 EPS, missing the consensus estimate of $0.36, although revenue increased by 20.7% year-over-year.

Driehaus Capital Management LLC decreased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 40.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 93,095 shares of the software maker's stock after selling 62,885 shares during the period. Driehaus Capital Management LLC owned about 0.33% of Agilysys worth $6,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Agilysys by 0.8% during the 1st 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 period. Nuveen LLC purchased a new position in shares of Agilysys during the 1st quarter worth approximately $80,730,000. Geneva Capital Management LLC grew its holdings in shares of Agilysys by 14.9% during the 1st 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 period. Conestoga Capital Advisors LLC grew its holdings in shares of Agilysys by 105.2% during the 1st 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 period. Finally, Riverbridge Partners LLC purchased a new position in shares of Agilysys during the 1st quarter worth approximately $32,913,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Analysts Set New Price Targets

AGYS has been the topic of a number of research analyst reports. Northland Securities set a $152.00 target price on Agilysys in a report on Tuesday, May 20th. Oppenheimer upped their price target on Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target on the stock. Finally, Needham & Company LLC restated 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. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $120.86.

Insiders Place Their Bets

In related news, SVP Kyle C. Badger sold 326 shares of the company'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 value of $36,965.14. Following the transaction, the senior vice president directly owned 114,791 shares of the company's stock, valued at approximately $13,016,151.49. This represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Mutch sold 500 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the transaction, the director directly owned 31,404 shares in the company, valued at $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,405 shares of company stock valued at $158,033. Insiders own 8.60% of the company's stock.

Agilysys Stock Down 1.3%

Shares of Agilysys stock traded down $1.45 during midday trading on Wednesday, hitting $106.11. The company had a trading volume of 133,474 shares, compared to its average volume of 302,588. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11. The stock has a market capitalization of $2.98 billion, a P/E ratio of 212.22 and a beta of 0.64. The company has a 50 day moving average of $112.53 and a 200 day moving average of $94.38. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $76.68 million during 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 business's revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. On average, equities analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

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.