Needham & Company LLC Reiterates Buy Rating for Agilysys (NASDAQ:AGYS)

Agilysys (NASDAQ:AGYS)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $140.00 target price on the software maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 23.29% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Oppenheimer raised their price objective on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. BTIG Research initiated coverage on shares of Agilysys in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $140.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

Agilysys Trading Up 5.5%

Shares of Agilysys stock opened at $113.55 on Tuesday. Agilysys has a 12-month low of $63.71 and a 12-month high of $145.25. The company has a market cap of $3.18 billion, a P/E ratio of 132.04 and a beta of 0.43. The company’s fifty day simple moving average is $119.89 and its two-hundred day simple moving average is $115.43.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The company had revenue of $80.39 million for the quarter, compared to the consensus estimate of $79.07 million. During the same period in the previous year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts predict that Agilysys will post 0.8 EPS for the current fiscal year.

Insider Transactions at Agilysys

In other Agilysys news, Director Donald A. Colvin sold 6,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $123.28, for a total transaction of $739,680.00. Following the sale, the director directly owned 24,592 shares in the company, valued at approximately $3,031,701.76. This trade represents a 19.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kyle C. Badger sold 502 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $62,569.28. Following the completion of the transaction, the senior vice president owned 114,911 shares of the company’s stock, valued at $14,322,507.04. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 9,576 shares of company stock valued at $1,189,070. 8.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in Agilysys by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 14,326 shares of the software maker’s stock worth $1,701,000 after purchasing an additional 156 shares during the last quarter. SG Americas Securities LLC increased its holdings in Agilysys by 671.2% during the fourth quarter. SG Americas Securities LLC now owns 19,009 shares of the software maker’s stock valued at $2,259,000 after buying an additional 16,544 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Agilysys in the fourth quarter worth approximately $812,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Agilysys by 33.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 639 shares of the software maker’s stock worth $81,000 after acquiring an additional 161 shares during the last quarter. Finally, Park National Corp OH bought a new stake in shares of Agilysys during the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

More Agilysys News

Here are the key news stories impacting Agilysys this week:

• Positive Sentiment: Recorded revenue beat and recurring‑revenue strength — Agilysys reported a 16th consecutive record revenue quarter of $80.4M (up ~15.6% y/y) and topped consensus revenue estimates, supporting the company’s growth thesis. Read More.
• Neutral Sentiment: Earnings-call details and metric analysis available — the Q3 earnings call transcript and follow-up analysis provide color on bookings, renewal rates and margin trends that will determine whether revenue strength can translate into durable profit growth. Investors will parse the call for subscription-booking cadence and timing. Read More.
• Neutral Sentiment: Analyst/metric write-ups summarize the quarter’s nuances — research notes review how key metrics compared to estimates and year-ago numbers, useful for modeling forward revenue and margin trajectories. Read More.
• Negative Sentiment: EPS missed expectations — non‑GAAP EPS of $0.42 came in below consensus (~$0.46), a disappointment that pressured the stock after the print. Read More.
• Negative Sentiment: Management outlook flagged subscription-sales slowdown — guidance/commentary implied a deceleration in subscription bookings, which markets view as a risk to recurring revenue growth and longer‑term margin leverage. That outlook triggered selling in some sessions. Read More.

About Agilysys

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.