Agilysys Stock (NASDAQ:AGYS), Trade Ideas

Agilysys

Agilysys Inc develops industry-specific technology solutions to help manage businesses. The firm offers technological solutions to control business operations, including property management, point-of-sale, dining reservations, inventory and procurement, analytics, labor management, self-service, and document management. It serves sectors such as gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The majority of the revenues are generated through contract support, maintenance, and subscription services it provides. Agilysys operates across North America, Europe, the Middle East, Asia-Pacific, and India.

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Agilysys, Inc. (NASDAQ: AGYS) shares are trading lower in Monday&#39;s after-hours session following the release of the company&#39;s third-quarter earnings results.

Why Agilysys Stock Slumps After-Hours

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U.S. stocks are set for additional gains on Monday, building on the momentum of the S&amp;P 500 reaching a new high last Friday, with earnings expected to be the focal point throughout the upcoming week.

Nasdaq, S&amp;P 500 Futures Surge As Earnings Optimism Drives Positive Sentiment: Analyst Lists 3 Factors For Higher Market Multiples

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CMCSA

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KLAC

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According to Factset, the fourth-quarter earnings season has had a weak start, with the percentage of S&amp;P 500 companies reporting positive earnings surprises below average.

Tesla, Netflix, Intel Take Center Stage In Pivotal Q4 Earnings Week As S&amp;P 500 Eyes Breaking New Highs

Agilysys Inc

Agilysys Expands InfoGenesis Point-of-Sale Portfolio With IG Fly Mobile All-In-One Ordering And Payment Solution

Agilysys Debuted Revenue Optimization Enhancements Leveraging AI Technology Incorporated In Agilysys Spa

In addition to PMS and POS, Agilysys solutions for booking, dining reservations, service management, mobile food &amp; beverage ordering and document imaging are live and supporting exceptional staff and guest experiences at scale.

Reported Sunday, Agilysys Implements Advanced Hospitality Technology At South Korea's Mohegan INSPIRE Entertainment Resort

Agilysys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) (&quot;Agilysys,&quot; &quot;our&quot; or the &quot;Company&quot;), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced the pricing of the previously announced underwritten secondary offering of 867,729 shares of its common stock (the &quot;Offering&quot;) by certain investment funds managed by MAK Capital, resulting in gross proceeds to the selling stockholders of $72.7 million. Agilysys is not selling any shares in the Offering and will not receive any proceeds from the sale of the offered shares by the selling stockholders. The Offering is expected to close on February 20, 2024, subject to customary closing conditions.

Agilysys Announces Pricing Of Secondary Offering Of 867,729 Common Shares By Selling Stockholders

Agilysys is not selling any shares in the Offering and will not receive any proceeds from the sale of the offered shares by the selling stockholders.

Offerings

Agilysys Reports Commencement Of Public Offering Of 867,729 Shares Of Its Common Stock By Certain Investment Funds Managed By MAK Capital

Disclosed on January 31, David William Wood III, Chief Financial Officer at Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000078749/000120919124002502//Archives/edgar/data/78749/000120919124002502/0001209191-24-002502-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday outlined that III executed a sale of 10,000 shares of Agilysys with a total value of $854,500.
During Thursday's morning session, Agilysys shares down by 0.0%, currently priced at $83.71.
<h3>About Agilysys</h3>
Agilysys Inc develops industry-specific technology solutions to help manage businesses. The firm offers technological solutions to control business operations, including property management, point-of-sale, dining reservations, inventory and procurement, analytics, labor management, self-service, and document management. It serves sectors such as gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The majority of the revenues are generated through contract support, maintenance, and subscription services it provides. Agilysys operates across North America, Europe, the Middle East, Asia-Pacific, and India.
<h3>Financial Insights: Agilysys</h3>
Revenue Growth: Agilysys's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 21.33%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 62.45%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.98, Agilysys showcases strong earnings per share.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.1, Agilysys adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 25.86 is lower than the industry average, implying a discounted valuation for Agilysys's stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 9.71 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Agilysys's EV/EBITDA ratio, surpassing industry averages at 93.74, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000078749">Check Out The Full List Of Agilysys's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Agilysys Chief Financial Officer Sold $854K In Company Stock

Agilysys President And CEO Ramesh Srinivasan Confirmed Intent To Adopt Stock Trading Plan; Plans To Sell Up To 300,000 Shares Of Agilysys Common Stock, Most Or All Expected To Be Issued Upon His Exercise Of Stock-Settled Appreciation Rights

Needham analyst Mayank Tandon maintains Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) with a Buy and raises the price target from $92 to $100.

Price Target

Analyst Ratings

Needham Maintains Buy on Agilysys, Raises Price Target to $100

Agilysys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agys#NASDAQ">AGYS</a>) shares are trading lower in Monday&#39;s after-hours session following the release of the company&#39;s <a href="https://www.benzinga.com/pressreleases/24/01/b36725034/agilysys-grows-third-quarter-revenue-21-to-record-60-6m">third-quarter earnings results</a>.
What To Know: Agilysys reported quarterly earnings of 35 cents per share, topping analyst consensus estimate of 26 cents.
The company reported quarterly sales of $60.60 million which beat analyst expectations of $60.07 million, a 21.39% increase over sales of $49.92 million from the same period last year.
Agilysys reached a record total net revenue of $60.6 million in the quarter, representing growth of 21.3% compared to total net revenue of $49.9 million in the same period last year.
Gross margin of 62.5% also marked an increase from the prior-year period of 61.7%. Additionally, free cash flow was $11.3 million compared to free cash flow of $11.7 million in the same quarter in 2023.
The company reiterated full-year 2024 revenue guidance of between $235 million and $238 million and raised its adjusted EBITDA outlook to 15% of revenue.
&quot;We are pleased with our continuing good business momentum, highlighted by the eighth consecutive record revenue quarter, 21.3% year-over-year revenue growth that includes subscription revenue growth of 29.9% and Adjusted EBITDA of 19.4%,&quot; said Ramesh Srinivasan, president and CEO of Agilysys.
&quot;Improving implementation services efficiency, as our recently re-engineered and newly created state-of-the-art technology-based software solutions continue to establish themselves well across many hospitality corporations and their properties, was the other salient highlight of the quarter. Record high services revenue and significantly improved services margins helped drive increases in gross margin and net income profitability levels.&quot;
AGYS Price Action: Shares of Agilysys were down 3.10% at $84.02&nbsp;in the after-hours Monday session at the time of publication, according to <a href="http://pro.benzinga">Benzinga Pro</a>.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/01/36725699/united-airlines-stock-takes-off-after-q4-earnings-top-estimates-the-details">United Airlines Stock Takes Off After Q4 Earnings Top Estimates: The Details</a>
Photo:&nbsp;<a href="https://pixabay.com/users/flutie8211-17475707/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7772914">Vicki Hamilton</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7772914">Pixabay</a> 
&nbsp;

Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) reported its Q3 earnings results on Monday, January 22, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Agilysys beat estimated earnings by 34.62%, reporting an EPS of $0.35 versus an estimate of $0.26.
Revenue was up $10.65 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.06 which was followed by a 25.35% increase in the share price the next day.
Here's a look at Agilysys's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.19</td>
<td>0.14</td>
<td>0.22</td>
<td>0.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.25</td>
<td>0.18</td>
<td>0.26</td>
<td>0.26</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>56.79M</td>
<td>55.24M</td>
<td>52.01M</td>
<td>48.12M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>58.62M</td>
<td>56.06M</td>
<td>52.90M</td>
<td>49.92M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Agilysys <a href="https://www.benzinga.com/quote/AGYS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Agilysys Q3 Earnings

Guidance

Agilysys Reiterates FY24 Revenue Guidance Of $235M-$238M, Raised Adj. EBITDA Expectations To 15% Of Revenue

Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.26 by 34.62 percent. The company reported quarterly sales of $60.60 million which beat the analyst consensus estimate of $60.07 million by 0.88 percent. This is a 21.39 percent increase over sales of $49.92 million the same period last year.

Earnings Beats

Agilysys Q3 2024 Adj EPS $0.35 Beats $0.26 Estimate, Sales $60.60M Beat $60.07M Estimate

The positive sentiment appears to have carried forward into the new week, as major index futures all point to a higher opening on Monday. Earnings could&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36711792/tesla-netflix-intel-take-center-stage-in-pivotal-q4-earnings-week-as-s-p-500-eyes-breaking-new-high" rel="noreferrer noopener">exert a significant influence</a>&nbsp;on stocks and the market this week, overshadowing economic data.&nbsp;Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>),&nbsp;Intel Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and&nbsp;Netflix, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) are among the key companies set to release earnings reports, likely capturing investors&#8217; attention.
Traders will receive data on the central bank&#8217;s preferred inflation gauge, specifically the Personal Consumption Expenditure (PCE) Index, on Friday. This number could be crucial as it is expected to shape investor expectations regarding the upcoming rate decision on Jan. 31.
Cues From Last Week's Trading:
Stocks closed the holiday-shortened week ending Jan. 19 on a positive note. Traders overcame early-week jitters caused by some Federal Reserve officials and economic data that dampened hopes of rate cuts.&nbsp;Taiwan Semiconductor Manufacturing Company Limited&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) strong outlook attracted buyers back into the market on Thursday. This positive sentiment drove the S&amp;P 500 Index to a record high in Friday&#8217;s session.
LPL Financial Chief Global Strategist&nbsp;Quincy Krosby&nbsp;noted, &#8220;As technology, semiconductors, and consumer discretionary led the S&amp;P 500 to new highs, it reflected the strength of the growth sectors that underpinned the inherent strength in the bull market that was born earlier last year.&#8221;
 US Index Performance In Week Ended Jan. 19 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index </td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+2.26%</td>
<td>15,310.97</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.17%</td>
<td>4,839.81</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.72%</td>
<td>37,863.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.34%</td>
<td>1,944.39</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
John Lynch, Chief Investment Strategist at Comerica Wealth Management, brought up the possibility for a &#8220;double-top&#8221; to ensue. Double-top is a bearish technical reversal pattern that is formed after a financial asset tops out at the same level two consecutive times.
&#8220;Yet we look for the combination of expanded liquidity, 8.0% earnings growth, and declining inflation-adjusted or "real" interest rates to support higher market multiples as the year progresses,&#8221; Lynch said.
&#8220;We continue to believe the S&amp;P 500 would be fairly valued in the 5,200 range by yearend.&#8221;
Amid the S&amp;P 500&#8217;s record close, Carson Group&#8217;s Ryan Detrick pointed to a historical pattern that bodes well for the market outlook. Friday&#8217;s record close came after the S&amp;P 500 Index went without a high for more than 24 months, he noted. This has happened 13 times since 1957, he said.
In these years, returns have been above average and the average gain has been 11.8%, Detrick said, adding the market was higher 12 of these 13 times. 

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">First new all-time high for the S&amp;P 500 in more than 24 months. Since 1957 (when moved to 500 stocks), I found 13 times went &gt;yr without a new ATH and then made one. Good news for &#x1f402;s is returns out a yr are all above avg. Higher a yr later 12 times and up avg 11.8%. &#x1f4aa;&#x2600;&#x1f4a5; <a href="https://t.co/wDxDZthfmA">pic.twitter.com/wDxDZthfmA</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1749097621346562081?ref_src=twsrc%5Etfw">January 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Futures Today
 Futures Performance On Monday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.57%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.31%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.14%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.23%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.31% to $483.94 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.62% to $423.81, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The unfolding week boasts of some key economic data, including the preliminary fourth-quarter GDP data, the December personal income and spending report, the December durable goods orders report, the Conference Board&#8217;s leading economic index for December, and the routinely scheduled weekly jobless claims data.
S&amp;P Global&#8217;s flash manufacturing and service sector purchasing managers&#8217; indices for January and a couple of housing market readings may also evince some interest.
The Conference Board&#8217;s leading economic index due to be released Monday at 10 a.m. is expected to continued contraction in activity. The index is expected to show a 0.3% month-over-month drop, which is not as bad as the 0.5% drop in November. 
The Treasury is set to auction three- and six-month bills at 11:30 a.m. ET.
See also:<a href="https://www.benzinga.com/money/best-futures-trading-software"> Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) fell over 14% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the company said it has placed CFO Vikram Luthar on administrative leave, effective immediately, amid an ongoing accounting probe.</li>
<li>United Airlines Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NYSE">UAL</a>), Agilysys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>), Zions Bancorporation, and National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) are due to <a href="https://www.benzinga.com/calendars/earnings">release their quarterly earnings after the market close.</a></li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures rose 0.23% to $73.42 in early European session on Monday after the commodity added about 0.7% in the past week.
The benchmark 10-year Treasury note fell 0.035 percentage points to 4.111% on Monday.
Asian markets ended mixed on Monday, with China, Hong Kong, and South Korea retreating, while the remaining markets advanced on the positive cues from Wall Street Friday. Chinese and Hong Kong stocks came under pressure on a surge in foreign outflows and heightened short selling, Reuters reported. Traders largely ignored the People&#8217;s Bank of China&#8217;s hold loan prime rates unchanged.
The Indian market was closed on account of a special holiday.
European stocks showed cautious optimism on Monday ahead of the start of the reporting season. The Euro Stoxx 50 Index was up 0.53% by late-morning trading.
Read Next: <a href="https://www.benzinga.com/24/01/36709956/wave-of-up-to-1-trillion-commercial-real-estate-loan-defaults-looms-within-next-2-years-financial-se">Wave Of Up To $1 Trillion Commercial Real Estate Loan Defaults Looms Within Next 2 Years, Financial Services Industry Veteran Warns: &#8216;Going To Be A Very, Very Ugly Market&#8217;</a>
Image generated using AI via Midjourney

Nasdaq, S&P 500 Futures Surge As Earnings Optimism Drives Positive Sentiment: Analyst Lists 3 Factors For Higher Market Multiples

<h3>Companies Reporting Before The Bell</h3>
&bull; Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is estimated to report quarterly earnings at $1.00 per share on revenue of $161.51 million.
&bull; MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is projected to report quarterly earnings at $0.67 per share on revenue of $19.70 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $1.25 billion.
&bull; Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.15 per share on revenue of $48.29 million.
&bull; Karooooo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $51.59 million.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $13.54 billion.
&bull; Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $29.40 million.
&bull; SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $39.07 million.
&bull; Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $985.48 million.
&bull; Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is likely to report quarterly earnings at $0.99 per share on revenue of $756.61 million.
&bull; AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is estimated to report quarterly earnings at $0.58 per share on revenue of $388.61 million.
&bull; CrossFirst Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFB#NASDAQ">CFB</a>) is projected to report quarterly earnings at $0.36 per share on revenue of $62.96 million.
&bull; Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $44.90 million.
&bull; Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) is estimated to report quarterly earnings at $0.67 per share on revenue of $123.83 million.
&bull; RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $27.81 million.
&bull; Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $60.07 million.
&bull; Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is projected to report quarterly earnings at $1.19 per share on revenue of $157.39 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AGNC

EFSC

GSBC

HBCP

IBTX

KARO

LOGI

MNSB

SMBK

TRST

Earnings Scheduled For January 22, 2024

The earnings season is gaining momentum as the tech reporting season kicks off this week. With the S&amp;P 500 Index&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36700326/s-p-500-index-reaches-all-time-highs-ai-rate-cut-hopes-cement-the-milestone" rel="noreferrer noopener">reaching a new high</a>&nbsp;on Friday, investors are keenly watching earnings reports to sustain the market&#8217;s upward momentum.
Mixed Q4 Earnings So Far
About 10% of the S&amp;P 500 companies have reported their financial results so far, according to&nbsp;<a target="_blank" href="https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_011924.pdf" rel="noreferrer noopener">data</a>&nbsp;provided by Factset.&nbsp;
Regional banks like&nbsp;Comerica, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>), Fifth Third Bancorp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), and&nbsp;Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>)&nbsp;reported sharp earnings declines due to higher interest rates and increased FDIC fees.
Larger peers such as&nbsp;Goldman Sachs Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) posted strong results, while&nbsp;Morgan Stanley&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) saw earnings decline despite beating revenue expectations. Financial services company&nbsp;Discover Financial Services&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) faced a decline on an earnings miss.
According to Factset, the fourth-quarter earnings season has had a weak start, with the percentage of S&amp;P 500 companies reporting positive earnings surprises below average, primarily due to the subpar performance of financial sector companies. The current forecast for the blended Q4 earnings decline is 1.7%, steeper than the 0.3% drop reported last week.
On the revenue front, 62% of S&amp;P 500 companies have reported revenue upside, slightly below the five-year and ten-year averages.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-tech-stocks" rel="noreferrer noopener">Best Technology Stocks Right Now</a>
Looking Ahead
This week will see 75 S&amp;P 500 companies, including 10 Dow components, reporting results. The S&amp;P 500 Index closed at a record 4,839.81 on Friday, reflecting a strong performance amid ongoing economic uncertainties.
Key Earnings This Week:
<ul>
<li>Monday:
<ul>
<li>Aftermarket:&nbsp;United Airlines Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NYSE">UAL</a>), Agilysys, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>), Zions Bancorporation, National Association&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>).</li>
</ul>
</li>
<li>Tuesday:
<ul>
<li>Premarket: Dow components&nbsp;3M Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), The Procter &amp; Gamble Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), Verizon Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>),&nbsp;homebuilder&nbsp;D.R. Horton, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>),&nbsp;General Electric Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), pharma giant&nbsp;Johnson &amp; Johnson&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), defense contractors&nbsp;Lockheed Martin Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and&nbsp;RTX Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and&nbsp;Halliburton Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>).</li>
<li>Aftermarket:&nbsp;Netflix, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>),&nbsp;Steel Dynamics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), oilfield services company&nbsp;Baker Hughes Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), medical instruments company&nbsp;Intuitive Surgical, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>), railroad operator&nbsp;Canadian National Railway Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>)&nbsp;and&nbsp;Texas Instruments, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>).</li>
</ul>
</li>
<li>Wednesday:
<ul>
<li>Premarket:&nbsp;Medical devices company&nbsp;Abbott Laboratories&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), semiconductor-equipment maker&nbsp;ASML Holding N.V.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>),&nbsp;AT&amp;T, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Copper miner&nbsp;Freeport-McMoRan Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), defense contractor&nbsp;General Dynamics Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) and&nbsp;Kimberly-Clark Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>)</li>
<li>Aftermarket: Railroad operator&nbsp;Canadian Pacific Kansas City Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>),&nbsp;Ameriprise Financial, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>),&nbsp;International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), a Dow component, railroad operator&nbsp;CSX Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), trucking company&nbsp;Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>),&nbsp;semi-equipment maker&nbsp;Lam Research Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), casino operator&nbsp;Las Vegas Sand Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>),&nbsp;Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)&nbsp;and electric-vehicle giant&nbsp;Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).</li>
</ul>
</li>
<li>Thursday:
<ul>
<li>Premarket:&nbsp;Airlines&nbsp;Alaska Air Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>),&nbsp;American Airlines Group Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and&nbsp;Southwest Airlines Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), health insurer&nbsp;Humana, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>),&nbsp;Comcast Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>),&nbsp;Nokia Oyj&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>), chipmaker&nbsp;STMicroelectronics N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>), railroad operator&nbsp;Union Pacific Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>),&nbsp;Xerox Holdings Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>), chemicals giant and Dow component&nbsp;Dow, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), defense contractor&nbsp;Northrop Grumman Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) and&nbsp;Mobileye Global Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>)</li>
<li>Aftermarket:&nbsp;Capital One Financial Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Intel Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), chip-equipment maker&nbsp;KLA Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>),&nbsp;T-Mobile US, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), payment processor&nbsp;Visa, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), a Dow component, and&nbsp;Western Digital Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</li>
</ul>
</li>
<li>Friday:
<ul>
<li>Premarket: American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Colgate-Palmolive Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>).</li>
</ul>
</li>
</ul>
Among the slew of earnings, scorecards from Netflix, Intel, and Tesla could move the needle on the markets. The streaming giant&#8217;s earnings could set expectations for other ad-dependent communication services companies reporting in the coming weeks. KeyBanc Capital Markets analyst&nbsp;Justin Patterson&nbsp;recently said&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36657067/netflix-bulls-in-for-a-treat-keybanc-analyst-raises-stock-rating-price-target-on-an" rel="noreferrer noopener">he expects above-consensus top- and bottom-line results from Netflix,</a>&nbsp;premised on stronger ad-supported MAU trends.
Tesla&#8217;s earnings could be a market mover, given the weighting it has in the Nasdaq and S&amp;P 500 indices. Expectations for the EV giant are muted, given the lukewarm demand trends for EVs and concerns regarding core auto gross margins due to its continuing price cuts.
The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund tracking the S&amp;P 500 Index, ended Friday&#8217;s session up 1.25% at $482.43, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/lxquj26b2sag" rel="noreferrer noopener">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36709680/ahead-of-teslas-q4-earnings-analyst-positive-despite-muted-outlook-for-margin-new-p">Ahead Of Tesla&#8217;s Q4 Earnings, Analyst Positive Despite Muted Outlook For Margin, New Product Ramp-up</a>
Photo via Shutterstock

Tesla, Netflix, Intel Take Center Stage In Pivotal Q4 Earnings Week As S&P 500 Eyes Breaking New Highs

Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) is set to give its latest quarterly earnings report on Monday, 2024-01-22. Here's what investors need to know before the announcement.
Analysts estimate that Agilysys will report an earnings per share (EPS) of $0.26. 
Agilysys bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.06, which was followed by a 25.35% increase in the share price the next day.
Here's a look at Agilysys's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.19</td>
<td>0.14</td>
<td>0.22</td>
<td>0.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.25</td>
<td>0.18</td>
<td>0.26</td>
<td>0.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>25.35%</td>
<td>1.86%</td>
<td>-11.96%</td>
<td>0.13%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1705672860_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Agilysys were trading at $78.83 as of January 17. Over the last 52-week period, shares are down 3.07%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/AGYS/earnings">To track all earnings releases for Agilysys visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Agilysys

Agilysys Offers On-site Premier Support For InfoGenesis Point-Of-Sale System At Melbourne & Olympic Parks

JERRY JONES, Board Member at Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>), disclosed an insider sell on December 19, according to a recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000078749/000120919123059213//Archives/edgar/data/78749/000120919123059213/0001209191-23-059213-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that JONES sold 2,288 shares of Agilysys. The total transaction amounted to $189,904. 
Agilysys's shares are actively trading at $86.99, experiencing a down of 0.0% during Wednesday's morning session.
<h3>All You Need to Know About Agilysys</h3>
Agilysys Inc develops industry-specific technology solutions to help manage businesses. The firm offers technological solutions to control business operations, including property management, point-of-sale, dining reservations, inventory and procurement, analytics, labor management, self-service, and document management. It serves sectors such as gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The majority of the revenues are generated through contract support, maintenance, and subscription services it provides. Agilysys operates across North America, Europe, the Middle East, Asia-Pacific, and India.
<h3>Breaking Down Agilysys's Financial Performance</h3>
Revenue Growth: Agilysys displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 22.78%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 59.87%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Agilysys's EPS is below the industry average. The company faced challenges with a current EPS of 0.16. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Agilysys's debt-to-equity ratio is below the industry average at 0.25, reflecting a lower dependency on debt financing and a more conservative financial approach.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 185.06 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 10.48, Agilysys's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 106.91, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Uncovering the Importance of Insider Activity</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000078749">Check Out The Full List Of Agilysys's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JERRY JONES Executes Sell Order: Offloads $189K In Agilysys Stock

-- State-of-the-art software solutions cater to guests craving tranquil getaways in a setting committed to sustainability --
The ocean is a remedy for many travelers to relieve tension, stress and anxiety. The tranquility of the Pacific Ocean and its idyllic setting is one of the main reasons thousands of people stay at and return to British Columbia's Black Rock Oceanfront Resort each year.
In a world where the term "luxury" is overused, Black Rock Oceanfront Resort sought to elevate its brand by providing staff with the information and freedom to identify hospitality moments and act on them using advanced technology, tools and systems to provide truly exceptional luxury experiences to guests.
Black Rock Oceanfront Resort chose state-of-the-art hospitality solutions from Agilysys to help them create these personalized hospitality moments. <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.agilysys.com%2Fen%2F&amp;esheet=53871876&amp;newsitemid=20231218377799&amp;lan=en-US&amp;anchor=Agilysys%2C+Inc.&amp;index=1&amp;md5=0a46f5924e24833cd252d624e14421a2">Agilysys, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) is a global provider of hospitality software solutions and services known for helping organizations such as Black Rock Oceanfront Resort expand revenue and margins while also improving operational efficiency and staff satisfaction.
"We were looking for a partner to help us rise above the rest," said Adele Larkin, general manager, Black Rock Oceanfront Resort. "With Agilysys, we are creating brand champions willing to share their unforgettable five-star experiences backed by many return stays and memorable visits for years to come," Larkin noted.
To Larkin's point, the resort strives to earn reviews such as this one from a guest who drove to the property from Victoria, Canada: "We thought we had died and gone to heaven when we arrived at the Black Rock Oceanfront Resort in Ucluelet."
To elevate return on experience (ROE), a key hospitality metric for guests and staff, Black Rock Oceanfront Resort has invested in the following Agilysys solutions:
<ul>
<li>An intuitive, cloud-based property management system (PMS) that facilitates improving guest engagement while also streamlining efficiency in front office operations, housekeeping, reservations management, and digital guest interactions for check-in, check-out, mobile engagement and itinerary management.</li>
<li>A commission-free, direct-channel, easy-to-use reservation system designed to move guests effortlessly through the booking process.</li>
<li>A comprehensive residence management and service solution that manages rental bookings, unit availability and associated service delivery.</li>
<li>A solution for managing all Drift Spa operations for scheduling services such as managing staff operations and simplifying the appointment-booking process, which will be implemented in March 2024.</li>
<li>Solutions that enable sustainability initiatives such as reducing paper use and minimizing waste across the property. Situated on the traditional lands of the Ucluelet First Nation, Black Rock Oceanfront Resort is actively striving to become a zero-waste hotel.</li>
</ul>
"Black Rock is known for its natural beauty and stunning landscapes, offering something for everyone," said Tim Hansen, vice president of sales, Agilysys. "We are honored to help Black Rock Oceanfront Resort deliver more personalized and profitable experiences that welcome guests to do more, spend more, return more often and provide higher reviews. That is what ROE is all about."

Contracts

Black Rock Oceanfront Resort Selects Agilysys Hospitality Technology To Expertly Deliver Luxury Experiences, Elevate Guest Returns 
And Manage Residence Rentals And Spa Operations

It was reported on December 7, that David William Wood III, Chief Financial Officer at Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) executed a significant insider sell, according to an SEC filing.
What Happened: III's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000078749/000120919123057736//Archives/edgar/data/78749/000120919123057736/0001209191-23-057736-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled the sale of 760 shares of Agilysys. The total transaction value is $65,610.
Monitoring the market, Agilysys's shares down by 0.0% at $84.33 during Friday's morning.
<h3>All You Need to Know About Agilysys</h3>
Agilysys Inc develops industry-specific technology solutions to help manage businesses. The firm offers technological solutions to control business operations, including property management, point-of-sale, dining reservations, inventory and procurement, analytics, labor management, self-service, and document management. It serves sectors such as gaming, hotels, resorts and cruise, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The majority of the revenues are generated through contract support, maintenance, and subscription services it provides. Agilysys operates across North America, Europe, the Middle East, Asia-Pacific, and India.
<h3>Agilysys: A Financial Overview</h3>
Revenue Growth: Agilysys displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 22.78%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 59.87%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Agilysys's EPS is below the industry average. The company faced challenges with a current EPS of 0.16. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.25.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 179.36 is lower than the industry average, implying a discounted valuation for Agilysys's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 10.16 is above industry norms, reflecting an elevated valuation for Agilysys's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 103.55 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Exploring Key Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000078749">Check Out The Full List Of Agilysys's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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