Northern Trust Corp Purchases 64,062 Shares of Agilysys, Inc. $AGYS

Northern Trust Corp raised its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 17.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 421,751 shares of the software maker’s stock after purchasing an additional 64,062 shares during the quarter. Northern Trust Corp owned 1.51% of Agilysys worth $30,594,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Agilysys by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,228,018 shares of the software maker’s stock valued at $161,620,000 after purchasing an additional 18,744 shares during the period. Nuveen LLC bought a new stake in shares of Agilysys during the 1st quarter valued at about $80,730,000. Geneva Capital Management LLC grew its stake in shares of Agilysys by 14.9% during the 1st quarter. Geneva Capital Management LLC now owns 765,363 shares of the software maker’s stock valued at $55,519,000 after acquiring an additional 99,419 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Agilysys by 105.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker’s stock valued at $53,030,000 after acquiring an additional 374,800 shares during the period. Finally, Riverbridge Partners LLC bought a new position in shares of Agilysys during the 1st quarter valued at approximately $32,913,000. 88.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Kyle C. Badger sold 326 shares of the company’s 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 $36,965.14. Following the sale, the senior vice president directly owned 114,791 shares of the company’s stock, valued at $13,016,151.49. This represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mutch sold 500 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 31,404 shares in the company, valued at $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,405 shares of company stock valued at $158,033. 8.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

AGYS has been the subject of a number of recent research reports. Cantor Fitzgerald initiated coverage on Agilysys in a research note on Tuesday, June 3rd. They set an “overweight” rating and a $125.00 price objective for the company. Northland Securities set a $152.00 price objective on Agilysys in a research note on Tuesday, May 20th. Needham & Company LLC reiterated 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. Finally, Oppenheimer boosted their price objective on Agilysys from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $120.86.

Agilysys Trading Up 0.0%

AGYS stock opened at $109.12 on Friday. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 218.24 and a beta of 0.71. The business has a 50 day simple moving average of $112.76 and a two-hundred day simple moving average of $94.07.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The business had revenue of $76.68 million during the quarter, compared to the consensus estimate of $74.42 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The company’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. Research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Agilysys 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.