These transactions were carried out under a Rule 10b5-1 trading plan, which was established on September 10, 2024. The trust is affiliated with Michael Kaufman, a director of Agilysys (NASDAQ:AGYS), though he does not have trading authority over the trust and has disclaimed beneficial ownership of the shares. Following these sales, the trust now holds 270,576 shares of Agilysys common stock. With the company's earnings report due on January 21 and analysts maintaining a strong buy consensus, investors seeking deeper insights into insider trading patterns and company valuations can access comprehensive analysis through InvestingPro. With the company's earnings report due on January 21 and analysts maintaining a strong buy consensus, investors seeking deeper insights into insider trading patterns and company valuations can access comprehensive analysis through InvestingPro.
These transactions were carried out under a Rule 10b5-1 trading plan, which was established on September 10, 2024. The trust is affiliated with Michael Kaufman, a director of Agilysys, though he does not have trading authority over the trust and has disclaimed beneficial ownership of the shares. Following these sales, the trust now holds 270,576 shares of Agilysys common stock.
In other recent news, Agilysys, a prominent software solutions provider, reported record revenue of $68.3 million for the second quarter of its 2025 fiscal year, marking a 16.5% increase from the previous year. This growth was significantly influenced by the strategic acquisition of Book4Time, which expanded its spa management software offerings. Subscription revenue also saw a substantial rise of 36.6%, reaching $25.1 million, reflecting Agilysys's successful expansion and modernization efforts.
Agilysys also recently expanded its Board of Directors, appointing tech executive Lisa Pope as a new member. Pope, currently presiding over Epicor, brings extensive experience in scaling Software-As-A-Service businesses. Her background includes transitioning Epicor to a cloud-first, subscription-based model and leading growth strategies for other tech firms.
According to a recent Oppenheimer survey, there is steady enterprise IT demand despite macro uncertainties. This is favorable for Agilysys, leading to raised price targets for the company. Despite challenges in the U.S. food service management and Asia-Pacific markets, Agilysys remains optimistic about the recovery of its Point of Sale business and sees substantial potential for market expansion. The company also expressed interest in making more strategic acquisitions in the future. These are the recent developments in Agilysys.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.