Northern Trust Corp Buys 64,062 Shares of Agilysys, Inc. $AGYS

Key Points

• Northern Trust Corp increased its holdings in Agilysys, Inc. by 17.9% during the first quarter, now owning 421,751 shares valued at approximately $30.6 million.
• Multiple large investors have also adjusted their stakes in Agilysys, with 88% of the stock owned by institutional investors.
• Agilysys reported earnings per share of $0.33 for the latest quarter, missing estimates slightly, but showed a 20.7% year-over-year revenue increase.

Northern Trust Corp boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 421,751 shares of the software maker's stock after purchasing an additional 64,062 shares during the period. Northern Trust Corp owned 1.51% of Agilysys worth $30,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC raised its holdings in Agilysys by 64.6% during 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. Mpwm Advisory Solutions LLC bought a new position in Agilysys during the fourth quarter valued at about $64,000. Cloud Capital Management LLC bought a new position in Agilysys during the first quarter valued at about $86,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Agilysys by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock valued at $102,000 after buying an additional 141 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in Agilysys during the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Insider Activity

In other news, CFO William David Wood III sold 321 shares of Agilysys 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 transaction, the chief financial officer owned 47,288 shares in the company, valued at approximately $5,361,986.32. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Mutch sold 500 shares of Agilysys stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the transaction, the director owned 31,404 shares of the company's stock, valued at $3,480,505.32. This trade represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,405 shares of company stock worth $158,033. 8.60% of the stock is currently owned by insiders.

Agilysys Price Performance

NASDAQ AGYS traded down $1.45 during trading on Wednesday, reaching $106.11. 133,474 shares of the company traded hands, compared to its average volume of 302,588. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11. The stock's 50 day moving average price is $112.53 and its two-hundred day moving average price is $94.38. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 212.22 and a beta of 0.64. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The firm'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 firm posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. As a group, 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 research reports. 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. Cantor Fitzgerald initiated coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price on the stock. Northland Securities set a $152.00 target price on Agilysys in a report on Tuesday, May 20th. Finally, Needham & Company LLC reaffirmed 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. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Agilysys 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.