Agilysys' (AGYS) Buy Rating Reiterated at Needham & Company LLC

Key Points

• Needham & Company reiterated a Buy rating on Agilysys with a $120 price target, implying roughly an 81.85% upside from the current share price; MarketBeat shows a consensus of "Moderate Buy" (4 Buy, 3 Hold) and a $131.40 average target.
• Agilysys missed Q1 EPS ($0.42 vs. $0.46 est.) but beat on revenue with $80.39 million, a 15.6% year‑over‑year increase, highlighting revenue momentum despite the profit shortfall.
• Insiders added shares (a director bought 300 shares at about $83.62) and institutional ownership is high (~88%), indicating insider/institutional conviction even as the stock trades near $66 versus a 1‑year high of $145.25.

Agilysys (NASDAQ:AGYS - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $120.00 target price on the software maker's stock. Needham & Company LLC's target price points to a potential upside of 81.85% from the company's current price.

Several other analysts have also issued reports on AGYS. Zacks Research upgraded Agilysys from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Oppenheimer dropped their price objective on Agilysys from $140.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Agilysys in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. Four investment 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, Agilysys has a consensus rating of "Moderate Buy" and a consensus target price of $131.40.

Agilysys Trading Down 1.2%

Shares of NASDAQ AGYS opened at $65.99 on Tuesday. The firm has a market cap of $1.85 billion, a PE ratio of 61.67 and a beta of 0.43. The company has a fifty day moving average price of $70.99 and a 200 day moving average price of $99.24. Agilysys has a 1-year low of $61.50 and a 1-year high of $145.25.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The business had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. During the same period in the prior year, the firm earned $0.38 EPS. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Agilysys will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other news, Director Melvin L. Keating bought 300 shares of the company's stock in a transaction dated Tuesday, February 3rd. The stock was bought at an average price of $83.62 per share, with a total value of $25,086.00. Following the completion of the acquisition, the director owned 35,007 shares of the company's stock, valued at $2,927,285.34. This represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders acquired 1,000 shares of company stock worth $77,669. 8.60% of the stock is owned by company insiders.

Institutional Trading of Agilysys

A number of institutional investors have recently bought and sold shares of AGYS. Caitong International Asset Management Co. Ltd grew its position in Agilysys by 419.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker's stock worth $25,000 after buying an additional 172 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Agilysys by 118.5% in the 3rd quarter. Global Retirement Partners LLC now owns 260 shares of the software maker's stock valued at $27,000 after buying an additional 141 shares during the period. Los Angeles Capital Management LLC bought a new position in Agilysys in the 4th quarter valued at about $34,000. Farther Finance Advisors LLC raised its position in shares of Agilysys by 215.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker's stock valued at $39,000 after buying an additional 250 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Agilysys during the 3rd quarter worth approximately $43,000. Institutional investors own 88.00% of the company's stock.

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.

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