Osterweis Capital Management Inc. Trims Stake in Agilysys, Inc. $AGYS

Key Points

• Osterweis Capital Management Inc. reduced its holdings in Agilysys, Inc. by 15.7%, owning 128,740 shares worth approximately $9.34 million after selling 23,915 shares in the first quarter.
• Agilysys reported earnings of $0.33 per share for the recent quarter, falling short of the $0.36 consensus estimate, despite a revenue increase of 20.7% year-over-year.
• Hedge funds and institutional investors currently own 88% of Agilysys stock, indicating strong institutional interest in the company.

Osterweis Capital Management Inc. lowered its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 15.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 128,740 shares of the software maker's stock after selling 23,915 shares during the period. Osterweis Capital Management Inc. owned about 0.46% of Agilysys worth $9,339,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AGYS. Bank of Montreal Can boosted its holdings in Agilysys by 14.9% in the 4th quarter. Bank of Montreal Can now owns 3,309 shares of the software maker's stock worth $436,000 after buying an additional 430 shares during the period. Barclays PLC boosted its holdings in Agilysys by 52.5% in the 4th quarter. Barclays PLC now owns 77,136 shares of the software maker's stock worth $10,160,000 after buying an additional 26,564 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Agilysys by 151.8% during the 4th quarter. NewEdge Advisors LLC now owns 7,038 shares of the software maker's stock valued at $927,000 after purchasing an additional 4,243 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Agilysys during the 4th quarter valued at about $145,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Agilysys by 6.9% during the 4th quarter. MetLife Investment Management LLC now owns 13,650 shares of the software maker's stock valued at $1,798,000 after purchasing an additional 884 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

Agilysys Trading Down 1.1%

Shares of NASDAQ:AGYS traded down $1.2190 during trading on Monday, reaching $109.3110. The company's stock had a trading volume of 24,021 shares, compared to its average volume of 307,307. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The firm's 50 day simple moving average is $112.77 and its two-hundred day simple moving average is $93.29. The stock has a market capitalization of $3.07 billion, a PE ratio of 219.95 and a beta of 0.71.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly 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 the consensus estimate of $74.42 million. During the same period in the previous year, the business posted $0.30 EPS. The firm's 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.

Insider Buying and Selling at Agilysys

In related news, SVP Kyle C. Badger sold 326 shares of the 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 transaction, the senior vice president owned 114,791 shares of the company's stock, valued at approximately $13,016,151.49. This trade represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mutch sold 500 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the sale, the director directly owned 31,404 shares in the company, valued at $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,405 shares of company stock worth $158,033 in the last 90 days. 8.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AGYS has been the subject of several research reports. Cantor Fitzgerald initiated coverage on shares of Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Oppenheimer increased their price objective 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 objective on Agilysys in a report on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus 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.