Agilysys, Inc. (NASDAQ:AGYS) on Monday posted upbeat earnings for the third quarter.

The company reported quarterly earnings of 67 cents per share which beat the analyst consensus estimate of 55 cents per share. The company reported quarterly sales of $93.360 million which beat the analyst consensus estimate of $90.906 million.

Agilysys raised its FY2027 sales guidance from $368.000 million-$373.000 million to $374.000 million-$378.000 million.

Ramesh Srinivasan, President and CEO of Agilysys, commented, “Revenue was a record $93.4 million during Q2 Fiscal 2027, the 19th consecutive record revenue quarter, driven by subscription growth of 32.6%.”

Agilysys shares fell 6% to trade at $116.06 on Tuesday.

These analysts made changes to their price targets on Agilysys following earnings announcement.

• Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $120 to $140.
• Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $135 to $145.

Considering buying AGYS stock? Here’s what analysts think:

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