Graham Capital Management L.P. Acquires 9,170 Shares of Agilysys, Inc. $AGYS

Key Points

• Graham Capital Management L.P. increased its stake in Agilysys, Inc. by 587.4% during the first quarter, purchasing an additional 9,170 shares for a total of $778,000.
• Analysts have a consensus rating of Buy for Agilysys, with target prices ranging from $105.00 to $152.00, reflecting positive outlooks on the company's performance.
• Agilysys reported a 20.7% increase in revenue year-over-year, with quarterly earnings of $0.33 per share, missing analysts' expectations by $0.03.

Graham Capital Management L.P. boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 587.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,731 shares of the software maker's stock after purchasing an additional 9,170 shares during the period. Graham Capital Management L.P.'s holdings in Agilysys were worth $778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Agilysys during the 1st quarter valued at about $80,730,000. Riverbridge Partners LLC acquired a new position in Agilysys in the first quarter worth approximately $32,913,000. Conestoga Capital Advisors LLC raised its position in Agilysys by 105.2% during the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock valued at $53,030,000 after acquiring an additional 374,800 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Agilysys during the first quarter valued at approximately $16,343,000. Finally, Wellington Management Group LLP lifted its stake in Agilysys by 99.3% in the first quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker's stock valued at $28,216,000 after acquiring an additional 193,812 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company's stock.

Agilysys Stock Performance

Shares of NASDAQ AGYS traded up $2.31 during trading hours on Friday, hitting $110.56. 170,274 shares of the stock were exchanged, compared to its average volume of 166,026. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. The company's 50 day moving average is $112.11 and its 200 day moving average is $94.97. The firm has a market capitalization of $3.10 billion, a P/E ratio of 221.12 and a beta of 0.64. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its 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 the consensus estimate of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The business's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. On average, research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Buying and Selling

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 transaction of $36,965.14. Following the completion of the sale, the senior vice president owned 114,791 shares in the company, valued at $13,016,151.49. This represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William David Wood III sold 321 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 $36,398.19. Following the completion of the sale, the chief financial officer directly owned 47,288 shares of the company's stock, valued at $5,361,986.32. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 905 shares of company stock valued at $102,618. Insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.