Vanguard Group Inc. Increases 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. increased its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,228,018 shares of the software maker's stock after buying an additional 18,744 shares during the quarter. Vanguard Group Inc. owned about 7.97% of Agilysys worth $161,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in Agilysys in the 4th quarter worth approximately $64,000. Harbor Investment Advisory LLC grew its stake in shares of Agilysys by 64.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Agilysys during the 4th quarter worth approximately $145,000. Cloud Capital Management LLC acquired a new stake in shares of Agilysys during the 1st quarter worth approximately $86,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Agilysys during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Price Performance

Agilysys stock traded down $0.17 during trading on Tuesday, reaching $108.25. The company had a trading volume of 214,372 shares, compared to its average volume of 204,897. The firm's 50-day simple moving average is $112.72 and its 200 day simple moving average is $93.55. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The firm has a market capitalization of $3.04 billion, a PE ratio of 216.50 and a beta of 0.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results 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 company 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 business posted $0.30 EPS. Agilysys's revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGYS. Needham & Company LLC reaffirmed a "buy" rating and set a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Northland Securities set a $152.00 price objective on shares of Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald began coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. Finally, Oppenheimer raised their price objective on shares of Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $120.86.

Insider Activity at Agilysys

In other Agilysys 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 value of $55,415.00. Following the transaction, the director owned 31,404 shares in the company, valued at approximately $3,480,505.32. This trade represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the transaction, the senior vice president owned 114,791 shares in the company, valued at $13,016,151.49. The trade was a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,405 shares of company stock worth $158,033 over the last 90 days. 8.60% of the stock is owned by insiders.

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.