Voya Investment Management LLC Purchases 7,342 Shares of Agilysys, Inc. $AGYS

Key Points

• Voya Investment Management LLC increased its stake in Agilysys, Inc. by 3.3%, owning 226,652 shares valued at approximately $16.4 million, as of the end of the first quarter.
• Other institutional investors, including Graham Capital Management L.P. and Lazard Asset Management LLC, also significantly modified their positions in Agilysys during the fourth quarter, showing increased interest in the company.
• Agilysys reported earnings per share (EPS) of $0.33 for the last quarter, missing analysts' expectations, but achieved revenue growth of 20.7% year-over-year, amounting to $76.68 million.

Voya Investment Management LLC boosted its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,652 shares of the software maker's stock after buying an additional 7,342 shares during the period. Voya Investment Management LLC owned 0.81% of Agilysys worth $16,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AGYS. Graham Capital Management L.P. bought a new position in Agilysys during the fourth quarter valued at about $206,000. Lazard Asset Management LLC raised its stake in shares of Agilysys by 711.8% in the 4th quarter. Lazard Asset Management LLC now owns 10,359 shares of the software maker's stock valued at $1,364,000 after acquiring an additional 9,083 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Agilysys by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,826 shares of the software maker's stock valued at $1,689,000 after acquiring an additional 656 shares in the last quarter. Nuveen Asset Management LLC increased its position in Agilysys by 81.6% in the 4th quarter. Nuveen Asset Management LLC now owns 107,306 shares of the software maker's stock worth $14,133,000 after buying an additional 48,213 shares during the period. Finally, ProShare Advisors LLC increased its position in Agilysys by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 6,787 shares of the software maker's stock worth $894,000 after buying an additional 2,090 shares during the period. Institutional investors own 88.00% of the company's stock.

Insider Buying and Selling at Agilysys

In related news, insider Chris J. Robertson sold 258 shares of Agilysys 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 $29,254.62. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, CFO William David Wood III sold 321 shares of Agilysys stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,398.19. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 905 shares of company stock worth $102,618 over the last ninety days. 8.60% of the stock is currently owned by corporate insiders.

Agilysys Trading Down 1.6%

Shares of Agilysys stock traded down $1.77 during trading hours on Friday, hitting $105.62. The company's stock had a trading volume of 789,089 shares, compared to its average volume of 171,299. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The stock has a 50 day moving average of $110.75 and a 200 day moving average of $96.70. The company has a market capitalization of $2.96 billion, a PE ratio of 211.24 and a beta of 0.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted 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). The firm had revenue of $76.68 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. Analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AGYS. Cantor Fitzgerald began coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. Oppenheimer boosted their price target on Agilysys from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target 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.