Agilysys (NASDAQ:AGYS) Stock Rating Lowered by Zacks Research

Agilysys (NASDAQ:AGYS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on AGYS. Oppenheimer reiterated an “outperform” rating and set a $118.00 price objective on shares of Agilysys in a research report on Tuesday. Piper Sandler upped their target price on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research note on Tuesday. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Finally, UBS Group set a $110.00 price target on shares of Agilysys in a report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.60.

Agilysys Trading Up 7.2%

NASDAQ:AGYS opened at $110.70 on Monday. The stock has a 50-day moving average price of $95.74 and a 200 day moving average price of $84.87. The stock has a market capitalization of $3.12 billion, a P/E ratio of 73.31 and a beta of 0.37. Agilysys has a 12-month low of $61.50 and a 12-month high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a return on equity of 12.19% and a net margin of 12.99%.The company had revenue of $87.68 million for the quarter, compared to analysts’ expectations of $85.97 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, research analysts predict that Agilysys will post 1.79 earnings per share for the current fiscal year.

Institutional Trading of Agilysys

Several hedge funds have recently modified their holdings of AGYS. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 30.1% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Agilysys by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after purchasing an additional 184,402 shares in the last quarter. Jane Street Group LLC raised its stake in Agilysys by 1,025.2% during the first quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after purchasing an additional 34,395 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in Agilysys during the second quarter valued at $231,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys News Roundup

Here are the key news stories impacting Agilysys this week:

• Positive Sentiment: Quarterly results exceeded expectations: Agilysys reported record revenue of approximately $87.7 million, up 14.3% year over year and above the $86.0 million consensus estimate. Adjusted EPS of $0.49 also surpassed expectations of $0.40, compared with $0.33 in the prior-year quarter. Agilysys Announces Record Revenue of $87.7M in Fiscal 2027 First Quarter
• Positive Sentiment: Growth outlook strengthened: Management raised its fiscal 2027 revenue guidance to $368 million-$373 million, slightly above the $367.7 million analyst consensus. Investors are focusing on subscription growth, backlog deployments and increasing adoption of the company’s property-management software. Agilysys Q1 Earnings Call Highlights Subscription-Led Outlook
• Positive Sentiment: Analysts raised targets and maintained bullish ratings: Needham increased its price target to $130 from $120 and retained a Buy rating, while Piper Sandler raised its target to $120 from $110 and maintained an Overweight rating. William Blair also reiterated a Buy rating, citing strong execution and additional growth potential. Agilysys Analysts Raise Their Forecasts After Better-Than-Expected Results
• Neutral Sentiment: Reported operating profitability and cash balances improved, while recent insider activity was predominantly buying. However, institutional ownership changes were mixed, with several large investors reducing positions. Agilysys Releases Q1 2027 Earnings

Agilysys Company Profile

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.