Punch & Associates Investment Management Inc. Sells 38,520 Shares of Agilysys, Inc. $AGYS

Key Points

• Punch & Associates Investment Management Inc. reduced its stake in Agilysys, Inc. by 38.5%, selling 38,520 shares and holding now 61,440 shares valued at approximately $4.46 million.
• Institutional investors own 88.00% of Agilysys' stock, with various hedge funds adjusting their positions, including significant increases by Harbor Investment Advisory LLC and AlphaQuest LLC.
• Agilysys reported a 20.7% increase in revenue year-over-year for the last quarter, with an EPS of $0.33, although it missed analysts’ expectations of $0.36.

Punch & Associates Investment Management Inc. lowered its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 38.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,440 shares of the software maker's stock after selling 38,520 shares during the quarter. Punch & Associates Investment Management Inc. owned 0.22% of Agilysys worth $4,457,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in Agilysys in the 1st quarter valued at about $80,730,000. Riverbridge Partners LLC bought a new stake in Agilysys in the first quarter valued at approximately $32,913,000. Conestoga Capital Advisors LLC lifted its position in shares of 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 buying an additional 374,800 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Agilysys during the 1st quarter worth approximately $16,343,000. Finally, Wellington Management Group LLP increased its holdings in shares of Agilysys by 99.3% during the 1st quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker's stock worth $28,216,000 after acquiring an additional 193,812 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

AGYS has been the topic of several research analyst reports. Northland Securities set a $152.00 price objective on shares of Agilysys in a research report on Tuesday, May 20th. Oppenheimer upped their target price on Agilysys from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Tuesday. Cantor Fitzgerald assumed coverage on Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $105.00 target price (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $121.57.

Agilysys Stock Up 0.7%

Shares of Agilysys stock traded up $0.81 during trading on Thursday, reaching $108.96. 207,969 shares of the company traded hands, compared to its average volume of 298,993. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a 50 day moving average price of $111.88 and a 200-day moving average price of $95.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. The firm has a market capitalization of $3.06 billion, a PE ratio of 217.92 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results 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). The business had revenue of $76.68 million during 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 business's revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In related news, insider Chris J. Robertson sold 258 shares of the business'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 sale, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kyle C. Badger sold 326 shares of Agilysys stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,965.14. Following the completion of the transaction, the senior vice president directly owned 114,791 shares of the company's stock, valued at $13,016,151.49. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 905 shares of company stock valued at $102,618 in the last 90 days. Corporate insiders own 8.60% of the company's stock.

About Agilysys

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.