IRESS Ltd
IRE: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$84.00 | Kxwtnl | Txrydhynx |
Iress: Continued Signs of Earnings Revival
Narrow-moat Iress remains on track for near-term margin expansion. It is supported by a capital market recovery from turbulent levels in 2023, a renewed focus on its core Australian trading, wealth, and superannuation businesses, and cost reductions. We expect improving product up/cross-sell to support client retention and incremental new client wins. Cost reductions are mainly in noncore areas and are not likely to hinder revenue generation.