Core Insights - Granite Investment Partners reduced its position in Agilysys by selling 89,611 shares, resulting in an estimated net value change of $11.9 million [1][6] - The total position in Agilysys is now 170,335 shares, valued at $17.9 million as of September 30, representing 1% of Granite's reportable assets under management (AUM) [2][6] - Agilysys shares have increased by 4% over the past year, underperforming the S&P 500's 14% gain during the same period [3] Company Overview - Agilysys, Inc. specializes in software and hardware solutions for the hospitality industry, focusing on operational efficiency and guest experiences [5] - The company reported a total revenue of $299.8 million and a net income of $24.4 million for the trailing twelve months (TTM) [4] - As of the latest market close, Agilysys shares were priced at $128.00, with a one-year price change of 4.2% [4] Recent Performance - Agilysys has reported its 15th consecutive quarter of record revenue, with sales increasing by 16% year over year to $79.3 million and subscription revenue climbing by 33% [8] - Despite solid fundamentals, the stock's future performance may depend on execution and consistency rather than just growth headlines [9]