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 raised its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 198.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in Agilysys in the fourth quarter valued at about $64,000. Harbor Investment Advisory LLC increased its holdings 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 buying an additional 239 shares in the last quarter. Advisors Asset Management Inc. increased its holdings 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 buying an additional 159 shares in the last quarter. AlphaQuest LLC increased its holdings in Agilysys by 2,026.0% in the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock valued at $77,000 after buying an additional 1,013 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new position in Agilysys in the first quarter valued at about $86,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO William David Wood III sold 321 shares of the business's stock in a transaction dated 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 owned 47,288 shares of the company's stock, valued at approximately $5,361,986.32. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris J. Robertson sold 258 shares of Agilysys stock in a transaction dated Tuesday, July 1st. The shares were 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 of the company's stock, valued at $2,396,724.43. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 905 shares of company stock valued at $102,618 in the last quarter. Company insiders own 8.60% of the company's stock.

Agilysys Trading Up 0.6%

Shares of AGYS stock traded up $0.66 during mid-day trading on Tuesday, reaching $107.60. The company's stock had a trading volume of 207,822 shares, compared to its average volume of 297,018. The company's 50 day simple moving average is $111.42 and its 200-day simple moving average is $96.17. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. 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 firm has a market capitalization of $3.02 billion, a PE ratio of 215.20 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results 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). Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The firm had revenue of $76.68 million for the quarter, compared to analysts' expectations of $74.42 million. During the same period last year, the firm earned $0.30 EPS. The business's quarterly revenue was up 20.7% on a year-over-year basis. Agilysys has set its FY 2026 guidance at EPS. On average, research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

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