Agilysys initiated with an Outperform at Oppenheimer

Oppenheimer analyst Brian Schwartz initiated coverage of Agilysys with an Outperform rating and $105 price target. Agilysys is one of a few software vendors that provides modern purpose-built solutions with an open architecture targeted at the hospitality industry, the analyst tells investors in a research note. The firm is unaware of any pure play software supplier in hospitality comparable with Agilysys in subscription growth and EBITDA margin, as well as breadth of platform technologies.