Agilysys (NASDAQ:AGYS) Price Target Raised to $130.00

Agilysys (NASDAQ:AGYS) had its target price lifted by research analysts at Needham & Company LLC from $120.00 to $130.00 in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target points to a potential upside of 25.92% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Oppenheimer increased their price objective on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Zacks Research raised shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. UBS Group set a $110.00 target price on shares of Agilysys in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Agilysys has an average rating of “Moderate Buy” and an average target price of $120.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $103.24 on Tuesday. The stock has a 50-day simple moving average of $95.10 and a 200 day simple moving average of $84.93. Agilysys has a twelve month low of $61.50 and a twelve month high of $145.25. The stock has a market capitalization of $2.91 billion, a PE ratio of 75.91 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $87.68 million for the quarter, compared to analyst estimates of $85.97 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that Agilysys will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its stake in Agilysys by 419.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after acquiring an additional 172 shares during the period. Optiver Holding B.V. lifted its stake in Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after purchasing an additional 399 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Agilysys during the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Agilysys during the third quarter valued at approximately $43,000. Finally, Versant Capital Management Inc grew its stake in shares of Agilysys by 123.9% in the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 233 shares during the period. 88.00% of the stock is owned by institutional investors.

Agilysys News Summary

Here are the key news stories impacting Agilysys this week:

• Positive Sentiment: Quarterly results exceeded expectations. Agilysys reported adjusted earnings of $0.49 per share versus the $0.40 consensus estimate, while revenue reached a record $87.7 million, above expectations of $85.97 million. Revenue increased 14.3% year over year, and earnings rose from $0.33 per share in the prior-year quarter. Agilysys Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and financial strength improved. Gross profit increased to approximately $55.7 million and operating profit more than doubled to $9.7 million. The company ended the quarter with $123.7 million in cash, while capital spending remained modest at $0.5 million. Agilysys Announces Record Fiscal 2027 First-Quarter Revenue
• Positive Sentiment: Full-year revenue guidance was raised or set above expectations. Agilysys projected fiscal 2027 revenue of $368 million to $373 million, slightly above the $367.7 million consensus estimate. This suggests management remains confident in demand for its hospitality software and recurring-revenue business. Agilysys Earns Buy Rating on Strong Execution and Lifted Guidance
• Positive Sentiment: Analyst sentiment remains supportive. William Blair analyst Stephen Sheldon maintained a Buy rating, citing strong execution, improved guidance and potential growth upside that may not yet be reflected in the valuation.
• Neutral Sentiment: Institutional positioning was mixed, with 121 investors adding shares and 129 reducing holdings in the latest reported periods. Reported insider activity was predominantly purchases, but the data comes from third-party sources and may not reflect current trading.
• Negative Sentiment: Valuation remains a risk. AGYS trades at a high P/E ratio of roughly 75.9, leaving the stock sensitive to any slowdown in growth or future earnings disappointments. The reported analyst price-target median of $110 also implies only limited upside from recent levels.

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.