Vanguard Group Inc. Has $161.62 Million Stake in Agilysys, Inc. $AGYS

Key Points

• Vanguard Group Inc. increased its stake in Agilysys, Inc. by 0.8%, owning 2,228,018 shares worth approximately $161.62 million as of the latest quarter.
• Agilysys recently reported quarterly earnings of $0.33 EPS, missing estimates of $0.36, despite a 20.7% year-over-year revenue growth to $76.68 million.
• Several analysts have given Agilysys a consensus "Buy" rating with a target price of $120.86, indicating expectations for future growth in the stock's value.

Vanguard Group Inc. boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,228,018 shares of the software maker's stock after acquiring an additional 18,744 shares during the period. Vanguard Group Inc. owned 7.97% of Agilysys worth $161,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Agilysys by 14.9% in the 4th quarter. Bank of Montreal Can now owns 3,309 shares of the software maker's stock valued at $436,000 after buying an additional 430 shares in the last quarter. Barclays PLC increased its stake in shares of Agilysys by 52.5% in the fourth quarter. Barclays PLC now owns 77,136 shares of the software maker's stock valued at $10,160,000 after buying an additional 26,564 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Agilysys by 151.8% during the fourth quarter. NewEdge Advisors LLC now owns 7,038 shares of the software maker's stock valued at $927,000 after acquiring an additional 4,243 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Agilysys during the fourth quarter valued at $145,000. Finally, MetLife Investment Management LLC grew its stake in shares of Agilysys by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 13,650 shares of the software maker's stock worth $1,798,000 after purchasing an additional 884 shares during the period. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Price Performance

Shares of AGYS opened at $106.50 on Thursday. The stock has a market cap of $2.99 billion, a PE ratio of 213.00 and a beta of 0.71. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The business has a 50-day simple moving average of $112.83 and a two-hundred day simple moving average of $92.90. 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 announced 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). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The business had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. Analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CFO William David Wood III sold 321 shares of the business's stock in a transaction dated 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 directly owned 47,288 shares of the company's stock, valued at approximately $5,361,986.32. The trade was a 0.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kyle C. Badger sold 326 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 transaction of $36,965.14. Following the completion of the transaction, the senior vice president directly owned 114,791 shares in the company, valued at $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 three months, insiders have sold 1,405 shares of company stock worth $158,033. Company insiders own 8.60% of the company's stock.

Agilysys Company 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.

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