Assenagon Asset Management S.A. Sells 1,502 Shares of Agilysys, Inc. $AGYS

Assenagon Asset Management S.A. lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 43.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,947 shares of the software maker’s stock after selling 1,502 shares during the period. Assenagon Asset Management S.A.’s holdings in Agilysys were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nuveen LLC purchased a new stake in shares of Agilysys during the 1st quarter valued at about $80,730,000. Riverbridge Partners LLC purchased a new stake in shares of Agilysys during the 1st quarter valued at about $32,913,000. Conestoga Capital Advisors LLC raised its position 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 buying an additional 374,800 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Agilysys during the 1st quarter valued at about $16,343,000. Finally, Wellington Management Group LLP raised its position in shares of Agilysys by 99.3% during the 1st quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker’s stock valued at $28,216,000 after buying an additional 193,812 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of AGYS stock opened at $104.66 on Monday. The company has a market capitalization of $2.93 billion, a P/E ratio of 209.32 and a beta of 0.64. The company’s 50-day simple moving average is $109.68 and its two-hundred day simple moving average is $98.00. Agilysys, Inc. has a one year low of $63.71 and a one 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.

Agilysys (NASDAQ:AGYS) last issued its 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 company had revenue of $76.68 million for the quarter, compared to analysts’ expectations of $74.42 million. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The business’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Transactions at Agilysys

In other news, insider Chris J. Robertson sold 258 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $29,254.62. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kyle C. Badger sold 326 shares of the firm’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 transaction, the senior vice president directly owned 114,791 shares in the company, valued at approximately $13,016,151.49. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 905 shares of company stock valued at $102,618. 8.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on AGYS shares. Oppenheimer upped their target price on shares of Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Cantor Fitzgerald initiated coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $125.00 target price on the stock. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.