Agilysys (NASDAQ:AGYS) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Agilysys (NASDAQ:AGYS) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

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

Agilysys Trading Up 7.2%

Shares of AGYS opened at $110.70 on Monday. Agilysys has a 12 month low of $61.50 and a 12 month high of $145.25. The firm has a fifty day simple moving average of $95.74 and a 200 day simple moving average of $84.87. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 73.31 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 12.19%. The business had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts predict that Agilysys will post 1.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC raised its stake in Agilysys by 671.2% in 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 period. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Agilysys during the 4th quarter worth approximately $2,622,000. Vanguard Group Inc. boosted its stake in shares of Agilysys by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after acquiring an additional 32,052 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Agilysys during the 4th quarter worth approximately $2,081,000. Finally, Jennison Associates LLC increased its holdings in shares of Agilysys by 20.7% during the 4th quarter. Jennison Associates LLC now owns 221,791 shares of the software maker’s stock worth $26,358,000 after acquiring an additional 38,007 shares during the last quarter. 88.00% of the stock is owned by 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

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.