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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 January 24th, AGYS reported 3rd Quarter December 2022 earnings of $0.26 per share on revenue of $49.9 million. The consensus earnings estimate was $0.24 per share on revenue of $48.1 million. Revenue grew 26.5% on a year-over-year basis.
Guided Higher: The company said it expects fiscal 2023 revenue of $195.0 million to $198.0 million. The company's previous guidance was revenue of $190.0 million to $195.0 million and the current consensus revenue estimate is $194.40 million for the year ending March 31, 2023.
Shares have formed a bullish "wedge or pennant" and higher share prices are expected. Note that the formation is supported by the stock's 50-day moving average.
Entry Point: $80.50
Stop Loss: $77.00
Trading Range: $31.49 to $86.00
Target Price: $89.00
