Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Iress Limited
  6. News
  7. Summary
    IRE   AU000000IRE2

IRESS LIMITED

(IRE)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Australian shares fall as Iress, miners drag

09/16/2021 | 09:06pm EDT

Sept 17 (Reuters) - Australian shares fell on Friday, dragged by mining stocks and a drop in software firm Iress after it rejected a buyout bid, with worries of higher COVID-19 cases denting sentiment.

The S&P/ASX 200 index fell 0.72% to 7,406.3 by 0019 GMT.

Australia's second-largest state reported its second-highest daily rise in new infections this year, even as Prime Minister Scott Morrison pledged more freedom for vaccinated citizens.

The top percentage loser on the benchmark index was Iress Ltd, down nearly 10%, after the company rejected a buyout offer from Swedish private equity firm EQT for the third time.

Mining stocks tracked a near 4% drop in iron ore prices to shed 3.81%. Fortescue Metals Group Ltd's 7.83% drop led the decline, followed by SSR Mining Inc that lost 7.73%.

Gold stocks fell 3.93%, with sector heavyweight Newcrest Mining dropping over 3% as bullion prices retreated on dollar strength and fears of an early tapering by the U.S. Federal Reserve.

The energy index fell 1.66%, as oil prices steadied overnight after hitting a multi-week high a day earlier.

Technology stocks, however, rose 1.52%. Afterpay Ltd jumped 3.33%, followed by Altium Ltd, up 2.49%.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.59% to 13,156.4.

Elsewhere, Japan's Nikkei was up 0.18% at 30,377.9 while S&P 500 E-minis futures were down 8.75 points, or 0.2%.

(Reporting by Arundhati Dutta in Bengaluru; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 1.57% 126.25 End-of-day quote.6.99%
ALTIUM LIMITED 1.63% 36.18 End-of-day quote.6.44%
DE GREY MINING LIMITED 0.00% 1.21 End-of-day quote.19.21%
FORTESCUE METALS GROUP LIMITED -0.41% 14.5 End-of-day quote.-38.11%
IRESS LIMITED 0.83% 12.2 End-of-day quote.14.99%
NEWCREST MINING LIMITED 0.81% 24.82 End-of-day quote.-3.72%
All news about IRESS LIMITED
10/18IRESS : Providend partners with Iress to deliver next-gen adviser and client platform
PU
10/13Miners, tech stocks lift Australia shares; South32 soars
RE
10/13IRESS : Colonial First State signs on to Iress' new blockchain-based advice fee consent so..
PU
10/10IRESS : supports Perennial's drive to expand funds distribution
PU
10/05IRESS : A legal perspective on DDO
PU
10/05IRESS : Don't leave financial advice to chance
PU
09/30IRESS : Silent Disco
PU
09/23IRESS : Feel the need... the need for speed
PU
09/20IRESS : Significant growth in lender intermediated distribution - Iress Mortgage Efficienc..
PU
09/19Australia shares fall over 1% as miners, energy stocks weigh
RE
More news
Financials
Sales 2021 601 M 451 M 451 M
Net income 2021 72,2 M 54,2 M 54,2 M
Net Debt 2021 185 M 139 M 139 M
P/E ratio 2021 32,4x
Yield 2021 3,79%
Capitalization 2 300 M 1 728 M 1 728 M
EV / Sales 2021 4,14x
EV / Sales 2022 3,95x
Nbr of Employees 2 250
Free-Float 94,6%
Chart IRESS LIMITED
Duration : Period :
Iress Limited Technical Analysis Chart | IRE | AU000000IRE2 | MarketScreener
Technical analysis trends IRESS LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 12,20 AUD
Average target price 12,70 AUD
Spread / Average Target 4,10%
EPS Revisions
Managers and Directors
Andrew Leslie Walsh Chief Executive Officer, MD & Executive Director
John Harris Chief Financial Officer
Roger Sharp Chairman
Andrew Todd Chief Technology Officer
John Alexander Duncan Cameron Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
IRESS LIMITED14.99%1 706
INTUIT INC.48.63%156 427
ADYEN N.V.41.29%95 563
FIDELITY NATIONAL INFORMATION SERVICES, INC.-12.31%76 625
WORLDLINE-13.25%22 395
STONECO LTD.-55.27%11 597