Roubaix Capital LLC Takes $4.91 Million Position in Agilysys, Inc. $AGYS

Key Points

• Roubaix Capital LLC has acquired a new stake in Agilysys, purchasing 67,742 shares valued at approximately $4.9 million, representing about 2.5% of its investment portfolio.
• Agilysys recently reported $0.33 earnings per share for the latest quarter, missing estimates, while revenue increased by 20.7% year-over-year to $76.68 million.
• Analysts have set a consensus price target of $120.86 for Agilysys, with the stock currently holding a "Moderate Buy" rating among several analysts.

Roubaix Capital LLC bought a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 67,742 shares of the software maker's stock, valued at approximately $4,914,000. Agilysys comprises 2.5% of Roubaix Capital LLC's investment portfolio, making the stock its 14th largest holding. Roubaix Capital LLC owned about 0.24% of Agilysys as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Harbor Investment Advisory LLC lifted its stake in Agilysys by 64.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Agilysys in the 4th quarter worth about $64,000. Cloud Capital Management LLC purchased a new stake in Agilysys in the 1st quarter worth about $86,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Agilysys by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock worth $102,000 after acquiring an additional 141 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Agilysys in the 4th quarter worth about $145,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Up 0.3%

Shares of AGYS traded up $0.30 during midday trading on Wednesday, reaching $106.50. 162,437 shares of the stock were exchanged, compared to its average volume of 311,148. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The firm has a 50 day simple moving average of $112.94 and a 200-day simple moving average of $92.80. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 213.00 and a beta of 0.71.

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). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The company 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 business posted $0.30 earnings per share. The firm's revenue was up 20.7% on a year-over-year basis. Agilysys has set its FY 2026 guidance at EPS. Research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Agilysys news, SVP Kyle C. Badger sold 326 shares of Agilysys stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,965.14. Following the transaction, the senior vice president directly owned 114,791 shares of the company's stock, valued at $13,016,151.49. The trade was a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,398.19. Following the completion of the transaction, the chief financial officer directly owned 47,288 shares in the company, valued at approximately $5,361,986.32. This represents a 0.67% 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 over the last 90 days. 8.60% of the stock is currently owned by insiders.

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.