Punch & Associates Investment Management Inc. Lowers Holdings in 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. cut its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 38.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,440 shares of the software maker's stock after selling 38,520 shares during the quarter. Punch & Associates Investment Management Inc. owned about 0.22% of Agilysys worth $4,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp increased its holdings in Agilysys by 5.7% in the 4th quarter. Northern Trust Corp now owns 357,689 shares of the software maker's stock worth $47,111,000 after buying an additional 19,136 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Agilysys by 174.7% in the 4th quarter. Ameriprise Financial Inc. now owns 202,017 shares of the software maker's stock worth $26,608,000 after buying an additional 128,475 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Agilysys in the 4th quarter worth about $680,000. Cresset Asset Management LLC bought a new stake in Agilysys in the 4th quarter worth about $248,000. Finally, Deutsche Bank AG increased its holdings in Agilysys by 2.1% in the 4th quarter. Deutsche Bank AG now owns 211,548 shares of the software maker's stock worth $27,863,000 after buying an additional 4,352 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO William David Wood III sold 321 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the transaction, the chief financial officer owned 47,288 shares of the company's stock, valued at approximately $5,361,986.32. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the business's 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 $29,254.62. Following the transaction, the insider directly owned 21,137 shares in the company, valued at approximately $2,396,724.43. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 905 shares of company stock valued at $102,618. 8.60% of the stock is currently owned by insiders.

Agilysys Price Performance

NASDAQ:AGYS traded down $3.12 during trading hours on Tuesday, reaching $110.82. The stock had a trading volume of 10,156 shares, compared to its average volume of 298,992. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The company has a 50 day moving average price of $112.10 and a two-hundred day moving average price of $95.22. The stock has a market capitalization of $3.11 billion, a PE ratio of 222.14 and a beta of 0.64.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The firm 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 firm earned $0.30 EPS. The business's revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.