Redwood Investments LLC Has $846,000 Holdings in Agilysys, Inc. $AGYS

Key Points

• Redwood Investments LLC has reduced its stake in Agilysys, Inc. by 78.2%, holding 11,669 shares valued at $846,000 after selling 41,860 shares in Q1.
• Other significant institutional moves include Nuveen LLC acquiring a stake worth $80.73 million and Conestoga Capital Advisors LLC increasing its position by over 105%.
• Agilysys reported earnings of $0.33 per share for the latest quarter, which was below analyst expectations, but revenue grew by 20.7% compared to the previous year.

Redwood Investments LLC trimmed its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 78.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,669 shares of the software maker's stock after selling 41,860 shares during the quarter. Redwood Investments LLC's holdings in Agilysys were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AGYS. Ameriprise Financial Inc. grew its holdings in shares of 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 acquiring an additional 128,475 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Agilysys in the 4th quarter worth $680,000. Cresset Asset Management LLC acquired a new stake in shares of Agilysys in the fourth quarter worth $248,000. Deutsche Bank AG boosted its position in shares of Agilysys by 2.1% in the fourth 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 during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Agilysys in the fourth quarter worth $206,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Agilysys

In related news, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction 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 completion of the sale, the chief financial officer owned 47,288 shares of the company's stock, valued at approximately $5,361,986.32. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the business's stock in a transaction dated 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 sale, 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 905 shares of company stock valued at $102,618. Insiders own 8.60% of the company's stock.

Analyst Ratings Changes

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

Agilysys Stock Down 2.9%

AGYS traded down $3.17 during trading on Friday, reaching $105.88. 193,562 shares of the stock traded hands, compared to its average volume of 167,088. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 211.76 and a beta of 0.64. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. The stock's 50-day simple moving average is $111.57 and its two-hundred day simple moving average is $95.88.

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). The firm had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. Agilysys's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

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.