Australia's Hansen Technologies gains as brokerages remain upbeat post earnings upgrade

Hansen Technologies

15/07/2025 05:33

** Shares of Hansen Technologies HSN.AX rise 6.8% at A$5.67, their highest level since February 19

** Software services provider on Monday upgraded FY25 underlying EBITDA to A$110 million-A$112 million ($72 million-$73.30 million) vs earlier estimate A$92 million-A$101 million

** Morningstar says co's common business functions have been streamlined, highlighting its disciplined approach to acquisitions and track record of extracting cost savings

** However, "we think the market overestimates Hansen's long-term growth given mature billing software end markets" - Morningstar

** Investment research firm raises fair value estimate by 10% to A$4.6

** Morgan Stanley says co has a strong market position in both its core industries - utilities and telco billing

** Brokerage retains "overweight" call and price target A$6.5

** Stock up 5.8% YTD, including current session's moves

($1 = 1.5279 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))