Invesco Ltd. Trims Position in Agilysys, Inc. $AGYS

Key Points

• Invesco Ltd. reduced its stake in Agilysys, Inc. by 41.5% in the first quarter, now holding 425,650 shares valued at approximately $30.9 million.
• Multiple large investors made significant changes to their holdings, with Cynosure Group LLC increasing its position by 736.4% during the same period.
• Agilysys reported a quarterly earnings miss despite revenue growth, with earnings per share of $0.33 compared to expectations of $0.36; however, revenue increased by 20.7% year-over-year.

Invesco Ltd. trimmed its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 41.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,650 shares of the software maker's stock after selling 302,144 shares during the period. Invesco Ltd. owned about 1.52% of Agilysys worth $30,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its holdings in Agilysys by 64.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Agilysys during the 4th quarter worth about $64,000. Cloud Capital Management LLC bought a new position in Agilysys during the 1st quarter worth about $86,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 worth $102,000 after acquiring an additional 141 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Agilysys during the 4th quarter worth about $145,000. 88.00% of the stock is currently owned by institutional investors.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 326 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 $36,965.14. Following the completion of the transaction, the senior vice president directly owned 114,791 shares of the company's stock, valued at $13,016,151.49. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the firm'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 transaction of $29,254.62. Following the transaction, the insider directly owned 21,137 shares of the company's stock, valued at $2,396,724.43. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,405 shares of company stock valued at $158,033. Company insiders own 8.60% of the company's stock.

Agilysys Stock Performance

Shares of Agilysys stock traded down $2.11 during midday trading on Monday, hitting $108.42. The company had a trading volume of 139,699 shares, compared to its average volume of 208,928. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 216.84 and a beta of 0.71. 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 fifty day simple moving average of $112.74 and a 200 day simple moving average of $93.44. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $76.68 million during the quarter, compared to analysts' expectations of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. As a group, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on shares of Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price on the stock. Oppenheimer raised their price target on shares of Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Northland Securities set a $152.00 price target on shares of Agilysys in a report on Tuesday, May 20th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target 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.