Osterweis Capital Management Inc. Sells 23,915 Shares of 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. lessened its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 15.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,740 shares of the software maker's stock after selling 23,915 shares during the quarter. Osterweis Capital Management Inc. owned approximately 0.46% of Agilysys worth $9,339,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AGYS. Harbor Investment Advisory LLC lifted its holdings in shares of 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 purchasing an additional 239 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Agilysys in the fourth quarter valued at approximately $64,000. Cloud Capital Management LLC bought a new position in shares of Agilysys in the first quarter valued at approximately $86,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Agilysys by 11.2% in 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 purchasing an additional 141 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Agilysys in the fourth quarter valued at approximately $145,000. Institutional investors own 88.00% of the company's stock.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $105.00 price target (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Northland Securities set a $152.00 target price on Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target for the company. Finally, Oppenheimer boosted their target price on Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $120.86.

Insiders Place Their Bets

In other news, CFO William David Wood III sold 321 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was 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 of the company's stock, valued at approximately $5,361,986.32. This represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value 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 represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,405 shares of company stock worth $158,033. 8.60% of the stock is currently owned by company insiders.

Agilysys Trading Up 3.4%

AGYS traded up $3.59 during midday trading on Friday, reaching $110.53. 196,055 shares of the company's stock traded hands, compared to its average volume of 209,208. The firm has a fifty day moving average of $112.77 and a two-hundred day moving average of $93.21. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 221.06 and a beta of 0.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64.

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

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.