Wellington Management Group LLP Has $28.22 Million Stock Holdings in Agilysys, Inc. $AGYS

Key Points

• Wellington Management Group LLP raised its stake in Agilysys, Inc. by 99.3%, now holding 388,978 shares valued at approximately $28.2 million.
• Agilysys reported a 20.7% increase in quarterly revenue year-over-year, but missed earnings estimates with $0.33 EPS compared to the expected $0.36.
• Several analysts have set new price targets for Agilysys, with an average target price of $120.86, reflecting strong demand for the stock.

Wellington Management Group LLP boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 99.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,978 shares of the software maker's stock after acquiring an additional 193,812 shares during the period. Wellington Management Group LLP owned approximately 1.39% of Agilysys worth $28,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Agilysys during the first quarter valued at about $1,078,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Agilysys by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock valued at $102,000 after acquiring an additional 141 shares during the period. Two Sigma Advisers LP increased its stake in Agilysys by 11.6% during the fourth quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker's stock valued at $632,000 after acquiring an additional 500 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Agilysys by 32.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker's stock valued at $10,202,000 after purchasing an additional 34,660 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Agilysys by 22.9% in the 1st quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker's stock worth $436,000 after buying an additional 1,118 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Transactions at Agilysys

In other Agilysys news, CFO William David Wood III sold 321 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the transaction, the chief financial officer owned 47,288 shares of the company's stock, valued at approximately $5,361,986.32. This represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the transaction, the insider directly owned 21,137 shares in the company, valued at approximately $2,396,724.43. This represents a 1.21% 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 in the last quarter. 8.60% of the stock is owned by corporate insiders.

Agilysys Price Performance

NASDAQ AGYS traded up $0.03 during trading hours on Friday, reaching $109.12. 160,920 shares of the company's stock were exchanged, compared to its average volume of 190,635. The stock has a market cap of $3.06 billion, a PE ratio of 218.24 and a beta of 0.71. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The firm has a fifty day moving average of $112.76 and a 200-day moving average of $94.07. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business 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 revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Northland Securities set a $152.00 price target on Agilysys in a research note on Tuesday, May 20th. Oppenheimer boosted their price target on Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Cantor Fitzgerald assumed 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, Needham & Company LLC reaffirmed a "buy" rating and issued 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, According to MarketBeat, Agilysys has a consensus rating of "Buy" and an average price target of $120.86.

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.