Kovitz Investment Group Partners LLC Acquires Shares of 6,183 Agilysys, Inc. $AGYS

Key Points

• Kovitz Investment Group Partners LLC has made a new investment in Agilysys, Inc., purchasing 6,183 shares valued at approximately $449,000.
• Institutional ownership of Agilysys is high, with 88.00% of the stock owned by hedge funds and other institutional investors.
• Agilysys reported a 20.7% year-over-year increase in revenue for the quarter, reaching $76.68 million, despite earnings per share missing estimates.

Kovitz Investment Group Partners LLC purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,183 shares of the software maker's stock, valued at approximately $449,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Agilysys by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,228,018 shares of the software maker's stock valued at $161,620,000 after acquiring an additional 18,744 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Agilysys by 10.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,167,685 shares of the software maker's stock valued at $153,796,000 after acquiring an additional 108,827 shares in the last quarter. Nuveen LLC acquired a new stake in Agilysys in the first quarter valued at $80,730,000. Geneva Capital Management LLC raised its holdings in Agilysys by 14.9% in the first quarter. Geneva Capital Management LLC now owns 765,363 shares of the software maker's stock valued at $55,519,000 after acquiring an additional 99,419 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in Agilysys by 105.2% in 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. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Agilysys

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

Agilysys Stock Performance

Shares of Agilysys stock traded up $1.13 during trading on Wednesday, hitting $109.38. 131,608 shares of the stock were exchanged, compared to its average volume of 207,447. The stock's fifty day moving average is $112.74 and its 200 day moving average is $93.66. The stock has a market cap of $3.07 billion, a PE ratio of 218.76 and a beta of 0.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11. 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 posted its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share 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 analyst estimates of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.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 company earned $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of several recent analyst reports. Oppenheimer upped 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. Needham & Company LLC reiterated a "buy" rating and set a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Northland Securities set a $152.00 target price on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Cantor Fitzgerald assumed coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $120.86.

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.