MetLife Investment Management LLC Cuts Stock Holdings in Agilysys, Inc. $AGYS

MetLife Investment Management LLC trimmed its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,450 shares of the software maker’s stock after selling 200 shares during the quarter. MetLife Investment Management LLC’s holdings in Agilysys were worth $976,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock valued at $102,000 after purchasing an additional 141 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Agilysys by 64.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker’s stock valued at $44,000 after purchasing an additional 239 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Agilysys by 8.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker’s stock valued at $240,000 after purchasing an additional 244 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Agilysys by 2.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker’s stock valued at $889,000 after purchasing an additional 257 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Agilysys during the 4th quarter valued at approximately $64,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Price Performance

Agilysys stock opened at $110.56 on Friday. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 221.12 and a beta of 0.64. The company has a fifty day simple moving average of $112.11 and a 200-day simple moving average of $94.78. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $74.42 million. During the same period in the previous year, the company earned $0.30 EPS. Agilysys’s quarterly revenue was up 20.7% compared to the same quarter last year. Agilysys has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AGYS shares. Oppenheimer boosted their price target on shares of Agilysys from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. 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 report on Tuesday, May 20th. Northland Securities set a $152.00 price target on shares of Agilysys in a report on Tuesday, May 20th. Finally, Cantor Fitzgerald started coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 price target for the company. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Agilysys presently has a consensus rating of “Buy” and an average price target of $120.86.

Insider Transactions at Agilysys

In other news, SVP Kyle C. Badger sold 326 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,965.14. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, insider Chris J. Robertson sold 258 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $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 905 shares of company stock valued at $102,618 over the last 90 days. 8.60% of the stock is currently owned by corporate insiders.

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.