Royal Bank of Canada Purchases 68,679 Shares of Agilysys, Inc. $AGYS

Key Points

• The Royal Bank of Canada increased its stake in Agilysys, Inc. by 35.1%, now owning approximately 0.95% of the company worth $19.18 million.
• Agilysys stock has seen a 5.1% decline recently, with a market capitalization of $3.03 billion and a price-to-earnings ratio of 216.28.
• Analysts have set a consensus price target of $121.57 for Agilysys, with multiple firms issuing buy ratings on the stock.

Royal Bank of Canada raised its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 35.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 264,432 shares of the software maker's stock after buying an additional 68,679 shares during the period. Royal Bank of Canada owned 0.95% of Agilysys worth $19,182,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AGYS. Ameriprise Financial Inc. increased its stake in Agilysys by 174.7% in the 4th quarter. Ameriprise Financial Inc. now owns 202,017 shares of the software maker's stock valued at $26,608,000 after buying an additional 128,475 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Agilysys in the 4th quarter valued at about $680,000. Cresset Asset Management LLC purchased a new stake in Agilysys in the 4th quarter valued at about $248,000. Deutsche Bank AG increased its stake in Agilysys by 2.1% in the 4th quarter. Deutsche Bank AG now owns 211,548 shares of the software maker's stock valued at $27,863,000 after buying an additional 4,352 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in Agilysys in the 4th quarter valued at about $206,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Agilysys Stock Performance

AGYS traded up $1.06 on Monday, hitting $106.94. The company's stock had a trading volume of 144,037 shares, compared to its average volume of 159,062. The company's 50 day simple moving average is $111.42 and its 200-day simple moving average is $96.17. The firm has a market cap of $3.00 billion, a P/E ratio of 213.88 and a beta of 0.64. 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.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate 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%.The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. Analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Buying and Selling

In related news, insider Chris J. Robertson sold 258 shares of the firm'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 completion of the transaction, the insider directly owned 21,137 shares of the company's stock, valued at approximately $2,396,724.43. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kyle C. Badger sold 326 shares of the firm'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 $36,965.14. 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. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 905 shares of company stock valued at $102,618. Company insiders own 8.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AGYS shares. Cantor Fitzgerald started coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective for the company. Oppenheimer raised their price target on shares of Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Northland Securities set a $152.00 price target on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus 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.