9 stories mentioning ASX:TNE
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Technology One (ASX:TNE) has an average rating of overweight and mean price target of AU$31.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Technology One (ASX:TNE) said Norges Bank raised its voting power in the firm to 6.1% from 5.05% on May 28, according to a Monday Australian bourse filing.The bank now holds nearly 20 million ordinary securities of the firm.Its shares rose 5% in recent trading on Monday.
Technology One (ASX:TNE) said Pacific Custodians, the trustee for its employee share trust, is set to acquire 1.4 million of the company's ordinary shares on-market, according to a Thursday filing with the Australian bourse.The trust can start the purchases after three business days at a price that does not exceed the volume weighted average share price by more than 5%, per the filing.The company's shares fell 1% in recent Thursday trade.
Technology One (ASX:TNE) is expected to reach the top end of its fiscal 2026 guidance supported by strong momentum in the second half, a robust contract pipeline and benefits from the AI boom, Jefferies said in a note on Tuesday.The enterprise software company is seeing a pipeline that is 10 times larger following its product showcase events, and Jefferies projects this to translate into revenue in fiscal 2027 and 2028.Meanwhile, AI disruption risk is low and instead acts as a tailwind for the company, as its ERP systems are deeply embedded in customers' operations. The company's fast software implementation timeframe enables customers to adopt and benefit from AI features even more, the firm added.The investment firm also views the company deserves to trade at a premium valuation compared to its tech peers, due to its higher revenue growth and profitability, as reflected in its Rule of 40 performance.Jefferies maintained a buy rating and raised its price target by 22% to AU$34.
Australian shares climbed on Tuesday as US President Donald Trump claimed there was a good chance of a nuclear deal with Iran.The S&P/ASX 200 Index rose 1.17%, or 99.40 points, to close at 8,604.70.Iran sent a new peace proposal to the US, and President Trump said he had halted a planned attack to allow the negotiations to take place. Brent crude oil futures fell almost 2% to trade around $109 per barrel.On the domestic front, Australia's near-term underlying inflation has been revised higher due to the oil price shock, adding roughly 0.4 percentage points to underlying inflation by the March quarter 2027, Sarah Hunter, assistant governor at the Reserve Bank of Australia, said during a speech.The ANZ-Roy Morgan Australian consumer confidence rose 2.3 points to 66.4 in the week of May 11 to May 17. The four-week moving average inched up 0.5 points to 66.4 points.Australia's consumer confidence edged higher in May, but sentiment remained deeply pessimistic as interest rate hikes and cost-of-living pressures continued to outweigh modest budget-driven improvements, according to a survey by Westpac and the Melbourne Institute. The Westpac-Melbourne Institute Consumer Sentiment Index rose 3.5% to 83 in May from 80.1 in April.In company news, Mineral Resources (ASX: MIN) said that it would restart operations at its Bald Hill lithium mine in Western Australia, citing a sustained recovery in lithium prices and improved market conditions. The mine, which was previously placed on care and maintenance in November 2024. Its shares were up over 2% on market close.Technology One (ASX:TNE) reported fiscal first-half earnings of AU$0.2028 per share, up from AU$0.1908 a year earlier. Revenue for the six months ended March 31 was AU$322.7 million, compared with AU$291.3 million a year earlier. Its shares fell 2% on market close.Lastly, Northern Minerals (ASX:NTU) said it welcomes the Australian Treasurer's disposal orders related to around 1.68 billion shares held by six foreign shareholders. The Treasurer ordered the foreign shareholders, which include Hong Kong Ying Tak, Real International Resources, Qogir Trading & Service, Chanoyu Cong, Vastness Investment Group, and Zhongxiong Lin, to divest part or all of their holdings in Northern Minerals by July 2. Its shares jumped 26% on market close.
(Updates to add stock movement in the headline and last paragraph)Technology One (ASX:TNE) reported Tuesday fiscal first-half earnings of AU$0.2028 per share, up from AU$0.1908 a year earlier.Analysts polled by FactSet expected earnings of AU$0.20.Revenue for the six months ended March 31 was AU$322.7 million, compared with AU$291.3 million a year earlier. Analysts surveyed by FactSet expected AU$330.9 million.The company reaffirmed its upgraded fiscal 2026 guidance, targeting the top end of its range with projected profit before tax growth of 18% to 20% year on year and annual recurring revenue growth of 16% to 18% year on year.The board declared an interim dividend of AU$0.08 per share, up from AU$0.066 a year earlier, payable June 12 to shareholders on record as of May 29.The company's shares fell 5% in recent Tuesday trade.
Australian shares are poised to rise on Tuesday after oil prices eased and global markets steadied, as traders reacted to US President Donald Trump's decision to delay a planned strike on Iran amid renewed diplomatic efforts by Gulf allies to secure a nuclear deal.Overnight, the S&P 500 and the Nasdaq Composite fell 0.1% and 0.5% respectively, while the Dow Jones Industrial Average gained 0.3%.In the macroeconomy, the number of Australian capital city homes that went to auction in the week ending May 17 dropped around 11% from the previous week to 1,939 homes, but remained higher than the 1,784 homes a year earlier, Cotality said in a Monday report.The ANZ-Roy Morgan Australian consumer confidence rose 2.3 points to 66.4 in the week of May 11 to May 17, ANZ reported Tuesday.Investors are eyeing the Reserve Bank of Australia's May monetary policy board meeting minutes.In corporate news, Technology One (ASX:TNE) reported Tuesday fiscal first-half earnings of AU$0.2028 per share on revenue of AU$322.7 million, compared with earnings of AU$0.1908 on revenue of AU$291.3 million a year earlier.European Lithium (ASX:EUR) agreed to be acquired by Nasdaq-listed Critical Metals at an implied value of AU$0.58 per share.Australia's benchmark index fell 1.5% or 125.5 points to close at 8,505.30 on Monday.
Technology One (ASX:TNE) reported Tuesday fiscal first-half earnings of AU$0.2028 per share, up from AU$0.1908 a year earlier.Analysts polled by FactSet expected earnings of AU$0.20.Revenue for the six months ended March 31 was AU$322.7 million, compared with AU$291.3 million a year earlier. Analysts surveyed by FactSet expected AU$330.9 million.The company reaffirmed its upgraded fiscal 2026 guidance, targeting the top end of its range with projected profit before tax growth of 18% to 20% year on year and annual recurring revenue growth of 16% to 18% year on year.The board declared an interim dividend of AU$0.08 per share, up from AU$0.066 a year earlier, payable June 12 to shareholders on record as of May 29.
Technology One (ASX:TNE) has an average rating of overweight and mean price target of AU$32.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)