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Agilysys, Inc. (AGYS) operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. 
It offers point of sale, property management systems, inventory and procurement, payments, reservations management, and seat solutions to enhance guest experience.
The company also provides technical software support, maintenance, and subscription services; and professional services.
It offers its solutions for gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadium, and healthcare.
On October 25th, AGYS reported 2nd Quarter September 2022 earnings of $0.24 per share on revenue of $47.7 million. The consensus earnings estimate was $0.18 per share on revenue of $46.0 million. Revenue grew 26.0% on a year-over-year basis.
The company said it continues to expect fiscal 2023 revenue of $190.0 million to $195.0 million. The previous consensus revenue estimate was $194.05 million for the year ending March 31, 2023.
Shares have formed a bullish "flag or pennant" and higher share prices are expected. This comes after AGYS announced an agreement with Marriott International, Inc. (MAR) to deploy its cloud-native property management system (PMS) software across Marriott’s United States and Canada and Middle East luxury, premium and select service hotels over the coming years.
Entry Point: $78.50
Stop Loss: $75.00
Trading Range: $31.49 to $82.17
Target Price: $86.00
