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IRESS Limited

Designing and developing software and services for the financial services industry

IRE$9.720
 -0.100 -1.02%

Data last updated:Oct 14, 2024 – 4.10pm. Data is 20 mins delayed.

Previous Close

9.820

Open

9.890

Day Range

9.675 - 9.900

52 Week Range

4.920 - 11.060

Volume

268,816

Value

2,618,290

Bid

9.720

Ask

9.740

Dividend Yield

0.00%

P/E Ratio

107.74

Market Cap

1.816B

Total Issue

186,789,474

ASX Announcements

Iress senior leadership & transformation update

Company Administration - Other

  • Oct 8, 2024
  • 2 pages

Initial Director's Interest Notice - Robert Mactier

Initial Director’s Interest Notice

  • Oct 4, 2024
  • 2 pages

Initial Director's Interest Notice - Susan Forrester

Initial Director’s Interest Notice

  • Oct 4, 2024
  • 2 pages

Iress appoints Susan Forrester and Robert Mactier as NEDs

Director Appointment/Resignation

  • Oct 4, 2024
  • 2 pages

Notification of cessation of securities - IRE

Appendix 3H (Notification of cessation of securities)

  • Oct 2, 2024
  • 5 pages

View all IRE announcements

August

Lendlease chief executive Tony Lombardo’s strategy reset for the property giant is off to a solid start.

Lendlease’s calm after the storm heads Monday’s results highlights

A few months is a long time for a CEO – just ask Lendlease, Suncorp or Ampol, businesses changing rapidly. Here is Chanticleer’s take on the day’s earnings calls.

  • James Thomson and Anthony Macdonald
trump markets rowe generic

Why Australian shares will get more expensive before they get cheaper

Two things can drive share prices: earnings, and how much investors are willing to pay for those earnings. Reporting season puts the focus on the latter.

  • Anthony Macdonald
Australian PE firms have slowed fundraising and dealmaking activity.

Software darling shuns suitors to try its own private equity job

It is a big call to go it alone. Many would buckle when PE approaches because the turnaround is too hard – or they don’t want to pass up a quick buck.

  • Anthony Macdonald

June

Mark Cubit at The School of St Jude in Tanzania.

These high flyers have money and status. This is what they did next

Meet the former high achieving, highly paid executives who, having had it all once, are determined to have it all again. But they are striving for different things.

  • Sally Patten
Iress CEO Marcus Price.

Iress executive out of the door

Street Talk understands Giles’ departure was announced internally late last week, a year after Price added him to the $1.49 billion firm’s leadership lineup.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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May

Iress chief executive Marcus Price is leading the financial services company through a turnaround.

Hackers steal the keys to Iress’ OneVue platform

Financial software provider Iress is investigating if any client data has been breached after discovering hackers stole a credential to gain access to its systems.

  • Tess Bennett

April

Iress CEO Marcus Price.

UBS’s Sujit Dey cracks open history books on Iress’s M&A disclosures

Nearly 1½ months on from our story, Sujit Dey reckons Iress’s share price has given back the gains from the whiff of M&A – making the stock a red-hot buy.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

March

Jarden’s co-CEO, Sarah Rennie, has said that the investment bank will be profitable this year, and expected bonuses to be paid out.

Jarden votes through FirstCape, frees up cash for investment bank

Almost all the wealth manager’s shareholders agree to separate the firm and provide a much-needed liquidity event for its Australian business.

  • Aaron Weinman
Iress CEO Marcus Price says he has not received a formal approach from a private equity suitor.

US PE giant Thoma Brava keeps tabs on Iress, Jarden on scene

Thoma Bravo, which has about $US134 billion ($206 billion) under management, has enlisted Jarden for advice on a potential tilt.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

February

The ASX 200, along with other global sharemarket indices, has shown a healthy uptrend since the beginning of the year.

Iress says it has no knowledge of takeover interest

The financial software business has Goldman Sachs as its advisers if it ever catches another takeover bid.

  • Tom Richardson

January

Mark Freeman says AFIC’s will always find opportunities to add to its high-quality portfolio in any given year.

Why Australia’s biggest and oldest LIC defied the Ozempic sell-off

Australian Foundation Investment Company boss Mark Freeman says buying CSL and Resmed amid last year’s Ozempic rout was part of a tried-and-true strategy. 

  • James Thomson

September 2023

AGL’s largest shareholder, Mike Cannon-Brookes’ campaign at AGL Energy last year left its mark on activism in Australia.

‘The gloves are off’: Investors turn against boards

Reporting season’s done, AGMs are coming, and fund managers are throwing their weight around behind closed doors. It’s popcorn time.

  • Anthony Macdonald

August 2023

Iress chief executive Marcus Price said it was prudent to suspend the interim dividend and reduce debt.

Iress plunges after halting dividends and lowering guidance

Shares in the financial software and data firm are down nearly 30 per cent after disappointing half-year results.

  • Tess Bennett

July 2023

Link Group chief executive Vivek Bhatia says a line in the sand will hopefully occur by mid-2024 on the group’s British strife.

Link Group shares tumble as start-up rival snatches big client

The troubled ASX 200 fintech stock has lost a major superannuation contract to fast-growing administration player Grow Inc, causing its shares to drop.

  • Jessica Sier

April 2023

Iress CEO Marcus Price called in the consultants on arrival.

This one ruthless step might just transform Iress

If CEO Marcus Price is successful in passing “the rule of 40” test, the group will be valued in the same way as high-flying software-as-a-service companies Xero and WiseTech.

  • Updated
  • Anthony Macdonald
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March 2023

Pemba Capital Partners director Mark Bryan

Tech market struggles have M&A dealmakers ready to pounce

Dealmakers say private equity funds will be forced to resort to hostile tactics, or novel methods to get tech M&A deals done, as companies cling to inflated valuations.

  • Yolanda Redrup

$1trn fintech to unleash hybrid financial advice on Australia

Intelliflo has experimented with “robo-advice” but it expects to thrive in Australia by bringing in a hybrid model that incorporates humans.

  • Aleks Vickovich

The true winners and losers from reporting season

These companies showed the biggest improvement – or deterioration – relative to their peers.

  • Elio D'Amato

February 2023

Iress CEO Marcus Price presided over his first annual result.

Iress shareholders look to investor day as new CEO hits reset

The company’s shareholders are prepared to wait until April for the new CEO to outline his strategy after full-year profits underwhelmed.

  • Jonathan Shapiro

November 2022

What investors need to look for in small-cap wreckage

If the bears are right, then stocks can go lower in 2023. But cashed-up investors will find rich pickings. When the turn comes, it will be fast and large.

  • Tony Featherstone

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