XTX Topco Ltd Invests $265,000 in Agilysys, Inc. (NASDAQ:AGYS)

Key Points

• XTX Topco Ltd acquired 3,651 shares of Agilysys, Inc., valued at approximately $265,000, in Q1 2023.
• Insiders sold a total of 1,405 shares of Agilysys stock in the last three months, reflecting a decrease in their ownership of the company.
• Agilysys reported a 20.7% year-over-year increase in revenue, totaling $76.68 million, despite missing EPS estimates.

XTX Topco Ltd purchased a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,651 shares of the software maker's stock, valued at approximately $265,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in Agilysys during the 4th quarter worth $64,000. Harbor Investment Advisory LLC increased its holdings in 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 purchased a new position in Agilysys during the 4th quarter worth $145,000. Cloud Capital Management LLC purchased a new position in Agilysys during the 1st quarter worth $86,000. Finally, Graham Capital Management L.P. purchased a new position in Agilysys during the 4th quarter worth $206,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Stock Down 0.3%

NASDAQ AGYS traded down $0.33 during midday trading on Friday, hitting $105.83. 354,078 shares of the company traded hands, compared to its average volume of 278,719. 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 company has a market cap of $2.97 billion, a PE ratio of 211.66 and a beta of 0.71. The company's 50-day simple moving average is $113.17 and its 200-day simple moving average is $92.59. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) 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 the consensus estimate of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The firm's revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Cantor Fitzgerald assumed coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $105.00 price objective (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Northland Securities set a $152.00 price objective on Agilysys in a report on Tuesday, May 20th. Finally, Oppenheimer increased their target price on Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Agilysys has an average rating of "Moderate Buy" and a consensus price target of $120.86.

Insiders Place Their Bets

In other news, CFO William David Wood III sold 321 shares of the firm'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 $36,398.19. Following the completion of the sale, the chief financial officer owned 47,288 shares of the company's stock, valued at $5,361,986.32. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the firm'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 completion of the sale, the insider directly owned 21,137 shares of the company's stock, valued at $2,396,724.43. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,405 shares of company stock worth $158,033 over the last quarter. 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.