Agilysys, Inc. $AGYS Stake Raised by Synovus Financial Corp

Synovus Financial Corp boosted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 17.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 10,256 shares of the software maker’s stock after purchasing an additional 1,490 shares during the quarter. Synovus Financial Corp’s holdings in Agilysys were worth $744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Agilysys by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock worth $102,000 after acquiring an additional 141 shares in the last quarter. Harbor Investment Advisory LLC raised its position in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker’s stock worth $44,000 after acquiring an additional 239 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in Agilysys by 8.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker’s stock worth $240,000 after acquiring an additional 244 shares in the last quarter. State of Tennessee Department of Treasury raised its position in Agilysys by 2.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker’s stock worth $1,225,000 after acquiring an additional 246 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Agilysys by 2.1% in the first quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker’s stock worth $889,000 after acquiring an additional 257 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Transactions at Agilysys

In related news, SVP Kyle C. Badger sold 326 shares of the business’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 value of $36,965.14. Following the completion of the sale, the senior vice president owned 114,791 shares of the company’s stock, valued at approximately $13,016,151.49. The trade was a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the sale, the director directly owned 31,404 shares of the company’s stock, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,405 shares of company stock worth $158,033. 8.60% of the stock is owned by corporate insiders.

Agilysys Trading Up 1.0%

Shares of NASDAQ AGYS opened at $109.38 on Thursday. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 218.76 and a beta of 0.71. The business has a 50 day simple moving average of $112.74 and a 200 day simple moving average of $93.66. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $76.68 million during 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 company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Agilysys has set its FY 2026 guidance at EPS. On average, research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of several research reports. Northland Securities set a $152.00 price target on shares of Agilysys in a research report on Tuesday, May 20th. Needham & Company LLC reissued 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. Oppenheimer lifted their price target on Agilysys from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Cantor Fitzgerald began 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. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.86.

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.