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SIM - Simcorp A/S News Story

DKK799 -0.6  -0.1%

Last Trade - 16/04/21

Large Cap
Market Cap £3.69bn
Enterprise Value £3.68bn
Revenue £395.1m
Position in Universe 162nd / 1831

BUZZ-SimCorp: Sustainable double-digit growth within reach - Berenberg says "buy"

Wed 13th January, 2021 9:41am
** Berenberg starts coverage of SimCorp  SIM.CO , a Danish IT
company that offers integrated investment management software
products, with a "buy" rating and a DKK 1,075 price target 
    ** The broker expects SimCorp to benefit from the long term
trend of firms shifting their technology spend from point
solutions to front-to-back systems 
   ** Berenberg believes the company is able to achieve a
sustainable double-digit topline growth in the long run,
pointing to market share gains for SimCorp Dimension and
improved cross-selling of front-office modules 
   ** It sees revenue from both new and add-on licences to
improve at double-digit rates
    ** Berenberg says client demand for the software company's 
products and services in the cloud is likely to increase in the
long term following the COVID-19 pandemic
    ** It notes the cloud transformation that SimCorp is
conducting requires incremental R&D cost, but in its view, it
builds competitive advantages
    ** Excluding Berenberg, among the seven analysts that cover
SimCorp, the breakdown of recommendations is one "buy", two
"hold" and four "sell" or "strong sell" with mean TP of DKK 753

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