Raymond James Financial Inc. Raises Stock Holdings in Agilysys, Inc. $AGYS

Key Points

• Raymond James Financial Inc. increased its stake in Agilysys, Inc. by 26.0%, raising its holdings to 187,832 shares valued at approximately $13.6 million.
• Agilysys reported a quarterly revenue of $76.68 million, exceeding analyst expectations, and produced an earnings per share (EPS) of $0.33, missing the consensus estimate.
• Several equity research analysts have recently raised their price targets for Agilysys, with the average target now at $120.86 and a majority rating the stock as a "Buy."

Raymond James Financial Inc. raised its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,832 shares of the software maker's stock after buying an additional 38,739 shares during the quarter. Raymond James Financial Inc. owned about 0.67% of Agilysys worth $13,625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Harbor Investment Advisory LLC grew its holdings 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. Mpwm Advisory Solutions LLC bought a new position in shares of Agilysys in the 4th quarter worth $64,000. Cloud Capital Management LLC bought a new position in shares of Agilysys in the 1st quarter worth $86,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock valued at $102,000 after buying an additional 141 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in shares of Agilysys during the 4th quarter worth $206,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Insider Activity at Agilysys

In other news, insider Chris J. Robertson sold 258 shares of Agilysys 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 approximately $2,396,724.43. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kyle C. Badger sold 326 shares of the 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 approximately $13,016,151.49. The trade was a 0.28% 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 valued at $158,033 in the last 90 days. 8.60% of the stock is owned by company insiders.

Agilysys Trading Down 1.0%

NASDAQ:AGYS traded down $1.10 during mid-day trading on Wednesday, reaching $106.46. 48,646 shares of the company's stock traded hands, compared to its average volume of 302,059. The company has a 50 day moving average price of $112.53 and a 200-day moving average price of $94.38. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 213.46 and a beta of 0.64. 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 12-month low of $63.71 and a 12-month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 11.13% and a net margin of 4.85%.Agilysys's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AGYS. Northland Securities set a $152.00 target price on Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald began coverage on Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. Oppenheimer lifted their price target on shares of Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $120.86.

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.