What the bad jobs report means for markets
John Mutch, a director at Agilysys Inc. (NASDAQ:AGYS), a $3.1 billion market cap technology company that has seen its stock surge nearly 19% over the past year, recently sold shares in the company, according to a filing with the Securities and Exchange Commission. On June 5, Mutch sold 500 shares of common stock at a price of $110.83 per share, totaling $55,415. Following this transaction, Mutch holds 31,404 shares directly. According to InvestingPro analysis, AGYS is currently trading at high valuation multiples, with technical indicators suggesting overbought conditions. For deeper insights into insider trading patterns and 14+ additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Agilysys Inc. reported a strong fourth-quarter performance for fiscal year 2025, with earnings per share reaching $0.54, surpassing analyst forecasts of $0.35. The company’s revenue also exceeded expectations, totaling $74.3 million compared to the projected $71.58 million. This growth was driven by a 19.4% year-over-year increase in revenue, with subscription revenue surging by 42.7%. For fiscal year 2026, Agilysys has provided a revenue guidance range of $308 million to $312 million, despite a conservative outlook due to economic conditions.
Additionally, Needham analysts have raised their price target for Agilysys shares to $105, maintaining a Buy rating, following the company’s robust fourth-quarter results. The analysts noted that Agilysys’s subscription growth and professional services revenue were key contributors to the strong performance. The guidance for fiscal year 2026 anticipates continued subscription growth of 22-23% year-over-year, despite not including potential revenue from the upcoming Marriott Property Management System rollout.
Cantor Fitzgerald analysts initiated coverage on Agilysys with an Overweight rating, setting a price target of $125. They expressed confidence in the company’s positioning within the hospitality market and its potential to leverage digital transformation trends. The analysts highlighted Agilysys’s strong revenue growth, robust free cash flow, and healthy operating margins as factors supporting their positive outlook. A potential contract with Marriott is also anticipated to enhance Agilysys’s financial performance in the coming years.
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