Strs Ohio Acquires New Stake in Agilysys, Inc. $AGYS

Key Points

• Strs Ohio has acquired a new position in Agilysys, Inc., purchasing 3,100 shares valued at approximately $225,000 in the first quarter.
• Several institutional investors, including Two Sigma Advisers LP and UBS AM, have significantly increased their holdings in Agilysys during the fourth quarter, reflecting growing interest in the company.
• Analysts have raised their price targets for Agilysys, with Oppenheimer upgrading it to $125 and Cantor Fitzgerald initiating coverage with an "overweight" rating at the same target.

Strs Ohio bought a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,100 shares of the software maker's stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also modified their holdings of AGYS. Two Sigma Advisers LP increased its holdings in shares of Agilysys by 11.6% in the 4th quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock worth $632,000 after purchasing an additional 500 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Agilysys by 35.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,814 shares of the software maker's stock worth $7,746,000 after purchasing an additional 15,401 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Agilysys by 5.4% in the 4th quarter. California State Teachers Retirement System now owns 24,475 shares of the software maker's stock worth $3,224,000 after purchasing an additional 1,260 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Agilysys by 3,281.0% in the 1st quarter. GAMMA Investing LLC now owns 15,451 shares of the software maker's stock worth $1,121,000 after purchasing an additional 14,994 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Agilysys by 2.4% in the 1st quarter. Rhumbline Advisers now owns 52,223 shares of the software maker's stock worth $3,788,000 after purchasing an additional 1,207 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Oppenheimer lifted their target price on Agilysys from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Cantor Fitzgerald initiated coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target on the stock. Finally, Zacks Research upgraded Agilysys from a "strong sell" rating to a "hold" rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.57.

Agilysys Stock Performance

AGYS stock opened at $104.24 on Thursday. The company has a market cap of $2.92 billion, a P/E ratio of 208.48 and a beta of 0.64. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year 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 fifty day moving average price is $110.21 and its 200-day moving average price is $97.24.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $76.68 million for the quarter, compared to analysts' expectations 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 quarter last year, the firm posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. On average, equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 258 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 $29,254.62. Following the transaction, the insider directly owned 21,137 shares in the company, valued at approximately $2,396,724.43. The trade was a 1.21% 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, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,398.19. Following the transaction, the chief financial officer owned 47,288 shares in the company, valued at $5,361,986.32. This trade represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 905 shares of company stock worth $102,618. Corporate insiders own 8.60% of the company's stock.

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.

Want to see what other hedge funds are holding AGYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agilysys, Inc. (NASDAQ:AGYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.