Roubaix Capital LLC Invests $4.91 Million 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 Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 67,742 shares of the software maker's stock, valued at approximately $4,914,000. Agilysys makes up 2.5% of Roubaix Capital LLC's holdings, making the stock its 14th biggest position. Roubaix Capital LLC owned approximately 0.24% of Agilysys at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. raised its holdings in shares of Agilysys by 26.0% during the 1st quarter. Raymond James Financial Inc. now owns 187,832 shares of the software maker's stock worth $13,625,000 after acquiring an additional 38,739 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Agilysys during the 1st quarter worth $449,000. Russell Investments Group Ltd. raised its holdings in shares of Agilysys by 97.2% during the 1st quarter. Russell Investments Group Ltd. now owns 22,415 shares of the software maker's stock worth $1,626,000 after acquiring an additional 11,046 shares during the period. HighTower Advisors LLC raised its holdings in shares of Agilysys by 58.8% during the 1st quarter. HighTower Advisors LLC now owns 3,048 shares of the software maker's stock worth $221,000 after acquiring an additional 1,129 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in shares of Agilysys by 27.8% during the 1st quarter. Public Sector Pension Investment Board now owns 71,230 shares of the software maker's stock worth $5,167,000 after acquiring an additional 15,501 shares during the period. Hedge funds and other institutional investors own 88.00% of the company's stock.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 500 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the transaction, the director directly owned 31,404 shares in the company, valued at $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris J. Robertson sold 258 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the transaction, the insider owned 21,137 shares of the company's stock, valued at approximately $2,396,724.43. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,405 shares of company stock valued at $158,033. Corporate insiders own 8.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AGYS shares. Needham & Company LLC reiterated a "buy" rating and set a $105.00 price target (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Oppenheimer lifted their price target on Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. 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 on the stock. Finally, Northland Securities set a $152.00 target price on Agilysys in a research report on Tuesday, May 20th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $120.86.

Agilysys Trading Up 3.6%

NASDAQ:AGYS traded up $3.83 on Friday, reaching $110.77. The company's stock had a trading volume of 78,666 shares, compared to its average volume of 308,335. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. 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 firm has a market cap of $3.11 billion, a price-to-earnings ratio of 221.54 and a beta of 0.71. The stock has a 50 day moving average price of $112.75 and a 200 day moving average price of $93.05.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $74.42 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company's quarterly revenue was up 20.7% on a year-over-year basis. Agilysys has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

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.