Zacks Research Downgrades Agilysys (NASDAQ:AGYS) to Hold

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

Several other analysts have also weighed in on AGYS. Oppenheimer restated an “outperform” rating and issued a $118.00 price objective on shares of Agilysys in a report on Tuesday. Needham & Company LLC lifted their target price on Agilysys from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler boosted their price target on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Finally, UBS Group set a $110.00 price objective on shares of Agilysys in a research report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.60.

Agilysys Price Performance

AGYS opened at $110.70 on Monday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 73.31 and a beta of 0.37. Agilysys has a 1-year low of $61.50 and a 1-year high of $145.25. The business has a 50 day moving average price of $95.74 and a two-hundred day moving average price of $84.87.

Agilysys (NASDAQ:AGYS) last issued its quarterly 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. Agilysys had a return on equity of 12.19% and a net margin of 12.99%.The firm had revenue of $87.68 million during the quarter, compared to analyst estimates of $85.97 million. During the same period last year, the company posted $0.33 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts expect that Agilysys will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in shares of 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 purchasing an additional 172 shares during the period. Optiver Holding B.V. boosted its position in shares of Agilysys by 700.0% in the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after purchasing an additional 399 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Agilysys in the 4th quarter valued at $34,000. Measured Wealth Private Client Group LLC purchased a new position in Agilysys in the 3rd quarter worth about $43,000. Finally, Versant Capital Management Inc increased its stake in Agilysys by 123.9% in the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after purchasing an additional 233 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Agilysys

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.