Agilysys, Inc. $AGYS Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC significantly increased its stake in Agilysys, Inc. by 198.9%, holding approximately 46,869 shares worth $3.4 million after purchasing an additional 31,189 shares in Q1.
• Agilysys reported a net margin of 4.85% and a revenue increase of 20.7% year-over-year, despite missing EPS estimates by $0.03 in their latest quarterly earnings report.
• Several hedge funds have recently adjusted their positions in Agilysys, with institutional investors now owning 88% of the company's stock.

Intech Investment Management LLC boosted its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 198.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,869 shares of the software maker's stock after buying an additional 31,189 shares during the period. Intech Investment Management LLC owned approximately 0.17% of Agilysys worth $3,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Harbor Investment Advisory LLC grew its position in shares of Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after buying an additional 239 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after buying an additional 159 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Agilysys during the fourth quarter worth about $64,000. AlphaQuest LLC grew its position in shares of Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock worth $77,000 after buying an additional 1,013 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Agilysys during the first quarter worth about $86,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Chris J. Robertson sold 258 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction 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 trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kyle C. Badger sold 326 shares of Agilysys 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 905 shares of company stock worth $102,618. 8.60% of the stock is owned by corporate insiders.

Agilysys Stock Performance

Shares of Agilysys stock traded up $0.10 during trading hours on Thursday, hitting $107.39. 168,926 shares of the company were exchanged, compared to its average volume of 167,766. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $142.64. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $110.92 and a 200-day moving average of $96.53. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 214.78 and a beta of 0.64.

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). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The business had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. During the same period last year, the business posted $0.30 EPS. Agilysys's revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. As a group, analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AGYS shares. Cantor Fitzgerald started coverage on Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target for the company. Oppenheimer upped their price target on Agilysys from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $121.57.

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.