Public Employees Retirement System of Ohio Grows Position in Agilysys, Inc. $AGYS

Key Points

• Public Employees Retirement System of Ohio increased its stake in Agilysys, Inc. by 13.1%, owning 40,646 shares worth $4.66 million after acquiring an additional 4,721 shares during the second quarter.
• A variety of institutional investors have significantly raised their positions in Agilysys, with 88% of the stock currently owned by hedge funds and other institutional investors.
• Agilysys reported earnings of $0.33 per share for the last quarter, which fell short of analyst expectations of $0.36 per share, despite a year-over-year revenue increase of 20.7% to $76.68 million.

Public Employees Retirement System of Ohio raised its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 13.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,646 shares of the software maker's stock after purchasing an additional 4,721 shares during the quarter. Public Employees Retirement System of Ohio owned 0.15% of Agilysys worth $4,660,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker's stock worth $35,000 after purchasing an additional 92 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after purchasing an additional 159 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock worth $77,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Agilysys during the first quarter worth about $86,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGYS. Zacks Research upgraded Agilysys from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Cantor Fitzgerald began coverage on Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. Finally, Oppenheimer boosted their price objective on Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.57.

Agilysys Trading Down 0.8%

Shares of NASDAQ AGYS opened at $103.82 on Tuesday. The stock's 50 day moving average price is $109.41 and its two-hundred day moving average price is $98.20. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64. The stock has a market capitalization of $2.91 billion, a P/E ratio of 207.64 and a beta of 0.64. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The firm had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. During the same quarter in the previous year, the company earned $0.30 EPS. The company's quarterly revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. On average, analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AGYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agilysys, Inc. (NASDAQ:AGYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.