Royal Bank of Canada Raises Stock Holdings in Agilysys, Inc. $AGYS

Royal Bank of Canada lifted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 35.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 264,432 shares of the software maker’s stock after buying an additional 68,679 shares during the quarter. Royal Bank of Canada owned approximately 0.95% of Agilysys worth $19,182,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Agilysys by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,228,018 shares of the software maker’s stock worth $161,620,000 after purchasing an additional 18,744 shares during the period. Nuveen LLC purchased a new position in Agilysys during the 1st quarter worth $80,730,000. Geneva Capital Management LLC increased its holdings in Agilysys by 14.9% during the 1st quarter. Geneva Capital Management LLC now owns 765,363 shares of the software maker’s stock worth $55,519,000 after purchasing an additional 99,419 shares during the period. Conestoga Capital Advisors LLC increased its holdings in Agilysys by 105.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker’s stock worth $53,030,000 after purchasing an additional 374,800 shares during the period. Finally, Riverbridge Partners LLC purchased a new position in Agilysys during the 1st quarter worth $32,913,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Stock Down 5.1%

Agilysys stock opened at $108.14 on Wednesday. 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 stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 216.28 and a beta of 0.64. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The business has a fifty day moving average price of $111.96 and a 200-day moving average price of $95.31.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. Equities research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

AGYS has been the topic of several research reports. Cantor Fitzgerald initiated 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. Oppenheimer lifted their price target on Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Northland Securities set a $152.00 price target on Agilysys in a report on Tuesday, May 20th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $121.57.

Insider Transactions at Agilysys

In other news, 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 owned 21,137 shares of the company’s stock, valued at $2,396,724.43. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 directly owned 47,288 shares of the company’s stock, valued at $5,361,986.32. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 905 shares of company stock valued at $102,618 in the last quarter. 8.60% of the stock is currently owned by corporate insiders.

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.