Agilysys (AGYS) Surges 22.7% on Q3 Earnings Beat and Subscription Growth Momentum

Summary
• Agilysys (AGYS) surges 22.7% intraday, hitting a 52-week high of $144.82
• Q3 revenue jumps 16.1% to $79.3M, exceeding estimates by 3.1%
• Subscription revenue grows 23% YoY, now 64.3% of total revenue

Agilysys (AGYS) is experiencing a historic intraday rally, surging 22.7% to $141.3 as Q3 results and guidance spark optimism. The stock’s 52-week high of $144.82 and 23% subscription revenue growth highlight its strategic shift to recurring software. With $79.3M in revenue and $0.40 non-GAAP EPS, the company’s margin expansion and $316.5M full-year guidance signal strong momentum.

Q3 Earnings Beat and Subscription Revenue Surge Drive AGYS Rally
Agilysys’s 22.7% intraday surge stems from a Q3 earnings report that exceeded expectations across all metrics. Revenue rose 16.1% to $79.3M, with subscription and maintenance revenue growing 23% YoY to $51M—now 64.3% of total revenue. Non-GAAP EPS of $0.40 beat estimates by 4.3%, while adjusted EBITDA surged 20.6% to $16.36M. Management raised full-year revenue guidance to $316.5M, reflecting confidence in its recurring revenue model. The stock’s 52-week high of $144.82 aligns with its 64.3% gross margin and $59M cash balance, which supports M&A and international expansion.

Application Software Sector Rally as Microsoft Gains 2.2%
The Application Software sector, led by Microsoft’s 2.2% intraday gain, is buoyed by AI-driven SaaS growth. Agilysys’s 23% subscription revenue growth mirrors sector trends, where recurring revenue models dominate. While Microsoft’s cloud infrastructure gains traction, Agilysys’s 64.3% subscription revenue share and 20.6% adjusted EBITDA margin highlight its niche in hospitality software. The sector’s 15.5% five-year CAGR aligns with Agilysys’s 17.4% two-year growth, suggesting its rally is part of broader SaaS momentum.

Options Playbook: AGYS20251121C140 and AGYS20251121P140 for High-Leverage Exposure
• MACD: 2.12 (bullish divergence), RSI: 69.84 (overbought), Bollinger Bands: $101.15–$118.55 (price near upper band)
• 200D MA: $97.97 (below current price), 30D MA: $108.46 (support zone), RSI: 69.84 (overbought)

Agilysys’s technicals suggest a continuation of its bullish trend. The 2.12 MACD histogram and 69.84 RSI indicate strong momentum, while the 52-week high of $144.82 acts as a key resistance. For options, AGYS20251121C140 (call) and AGYS20251121P140 (put) offer high leverage and liquidity.

AGYS20251121C140: • Code: AGYS20251121C140 • Type: Call • Strike: $140 • Expiry: 2025-11-21 • IV: 50.11% (moderate) • LVR: 17.81% • Delta: 0.55 • Theta: -0.2576 • Gamma: 0.0214 • Turnover: 10,496
• IV: 50.11% (moderate volatility) • LVR: 17.81% (moderate leverage) • Delta: 0.55 (balanced sensitivity) • Theta: -0.2576 (high time decay) • Gamma: 0.0214 (high sensitivity to price swings) • Turnover: 10,496 (liquid). This call offers 341.34% potential payoff if AGYS hits $147.15 (5% upside), ideal for aggressive bulls.

AGYS20251121P140: • Code: AGYS20251121P140 • Type: Put • Strike: $140 • Expiry: 2025-11-21 • IV: 43.36% (moderate) • LVR: 24.26% • Delta: -0.45 • Theta: -0.0156 • Gamma: 0.0248 • Turnover: 7,496
• IV: 43.36% (moderate volatility) • LVR: 24.26% (high leverage) • Delta: -0.45 (moderate sensitivity) • Theta: -0.0156 (low time decay) • Gamma: 0.0248 (high sensitivity to price swings) • Turnover: 7,496 (liquid). This put offers -4.92% payoff if AGYS dips to $133.15, suitable for volatility hedging.

Action Insight: Aggressive bulls may consider AGYS20251121C140 into a breakout above $144.82. Watch for $144.82 52W high confirmation.

Backtest Agilysys Stock Performance
It looks like the back-test engine halted because the list of “≥ 23 % close-to-close surges” for AGYS from 2022-01-01 to 2025-10-28 turned out to be empty. When there are no qualifying events the statistics arrays are blank, which triggered the internal error you saw (the engine tried to compute min/max on an empty set).Next steps – two options:1. Keep the 23 % threshold and simply report “no events found” (no post-event performance can be calculated). 2. Try a lower trigger (e.g., 15 % or 10 %) so we can analyse a broader sample of large-move days.Please let me know which path you prefer (or suggest a different threshold), and I will rerun the event study accordingly.

AGYS at 52-Week High: Position for Sustained Momentum or Volatility Reversal
Agilysys’s 22.7% surge on Q3 results and subscription growth validates its strategic shift to recurring revenue. With a 23% YoY subscription increase and $316.5M full-year guidance, the stock’s 52-week high of $144.82 is a critical level to watch. While the sector leader Microsoft (MSFT) gains 2.2%, AGYS’s 64.3% subscription share and $59M cash balance position it for M&A and margin expansion. Investors should monitor $144.82 for a breakout confirmation and consider AGYS20251121C140 for high-leverage exposure if $140 holds.