5,112 Shares in Agilysys, Inc. $AGYS Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired a new position in Agilysys, purchasing 5,112 shares valued at approximately $371,000 in the first quarter of the year.
• Agilysys reported a 20.7% year-over-year revenue increase to $76.68 million but missed earnings expectations, posting $0.33 EPS compared to a consensus of $0.36.
• The stock has seen substantial interest from institutional investors, with about 88.00% ownership held by hedge funds and other institutions, reflecting growing confidence in the company.

Dynamic Technology Lab Private Ltd bought a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,112 shares of the software maker's stock, valued at approximately $371,000.

Several other hedge funds have also made changes to their positions in AGYS. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 valued at $102,000 after acquiring an additional 141 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after purchasing an additional 159 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in Agilysys by 64.6% in the first 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 in the last quarter. Linden Thomas Advisory Services LLC grew its stake in Agilysys by 8.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker's stock valued at $240,000 after purchasing an additional 244 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Agilysys by 2.1% in the first quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker's stock valued at $889,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AGYS shares. Northland Securities set a $152.00 target price on Agilysys in a research note on Tuesday, May 20th. Needham & Company LLC reiterated a "buy" rating and set a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price target for the company. Finally, Oppenheimer upped their price target on Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $121.57.

Insider Activity

In other news, insider Chris J. Robertson sold 258 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 $29,254.62. Following the sale, 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 document filed with the SEC, which is accessible through this link. Also, SVP Kyle C. Badger sold 326 shares of the company's 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 completion of the sale, the senior vice president owned 114,791 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 905 shares of company stock worth $102,618. Company insiders own 8.60% of the company's stock.

Agilysys Stock Performance

Agilysys stock traded up $2.19 during trading hours on Wednesday, hitting $109.79. The stock had a trading volume of 24,204 shares, compared to its average volume of 295,440. The company has a 50-day moving average of $111.23 and a two-hundred day moving average of $96.25. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.08 billion, a PE ratio of 220.20 and a beta of 0.64. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results 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 firm 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%. The company's revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Agilysys 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.