Fred Alger Management LLC Sells 54,259 Shares of Agilysys, Inc. $AGYS

Posted by on Jun 17th, 2026

Fred Alger Management LLC lowered its position in shares of Agilysys, Inc. (NASDAQ:AGYS – Free Report) by 15.5% in the fourth quarter, Holdings Channel reports. The firm owned 295,053 shares of the software maker’s stock after selling 54,259 shares during the period. Fred Alger Management LLC’s holdings in Agilysys were worth $35,064,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Agilysys by 6.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock valued at $153,000 after purchasing an additional 88 shares during the period. GAMMA Investing LLC grew its holdings in Agilysys by 31.1% during the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after purchasing an additional 131 shares during the period. ProShare Advisors LLC grew its holdings in Agilysys by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock valued at $597,000 after purchasing an additional 153 shares during the period. State of Alaska Department of Revenue grew its holdings in Agilysys by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 14,326 shares of the software maker’s stock valued at $1,701,000 after purchasing an additional 156 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Performance

Shares of AGYS opened at $87.50 on Wednesday. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The firm’s 50 day moving average price is $75.11 and its two-hundred day moving average price is $89.10. The firm has a market cap of $2.46 billion, a P/E ratio of 64.34 and a beta of 0.41.

Agilysys (NASDAQ:AGYS – Get Free Report) last announced its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The firm had revenue of $82.95 million for the quarter, compared to analyst estimates of $81.56 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Agilysys, Inc. will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AGYS shares. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Piper Sandler started coverage on shares of Agilysys in a report on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 price objective for the company. UBS Group set a $110.00 price objective on shares of Agilysys in a report on Wednesday, June 3rd. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Agilysys in a report on Tuesday, May 19th. Finally, Oppenheimer boosted their price objective on shares of Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Get Our Latest Stock Report on Agilysys

About Agilysys

(Free Report)

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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