Software AG

Software is a holdinc company. Co. is engaged as a provider of process and integration software. Co.'s operates through three reporting lines: business process management or Business Process Excellence (BPE), data management or Enterprise Transaction Systems (ETS) and Consulting. The BPE segment consists of software products for integrated solutions in the field of Business Process Management for organizations of all industries and sizes. The ETS segment is engaged in providing database solutions for mainframes and the development of mainframe-based IT systems. The Consulting segment includes all consulting and services pertaining to the BPE, ETS and IDS Scheer Consulting business lines.
  • TickerA2GS40
  • ISINDE000A2GS401
  • SectorSoftware & Computer Services
  • CountryGermany

Analysts

Gregory Ramirez

Software AG: Acquisition of TrendMiner to expand IoT portfolio

Brief Comment - Software AG: (BUY, Fair Value Fair Value EUR49 (+18%)) Acquisition of TrendMiner to expand IoT portfolio

Ahmed Ouni ...
  • Henning Steinbrink

Software AG : 2019 will be the year of HELIX

>Weaker-than-expected Q4 revenue from DBP partly offset by strong A&N - Software AG (SOW) is due to release its Q4/FY 2018 results on 31 January. In this context, IR released its final round of Q4 consensus data which are now slightly more conservative on the bottom line while top-line estimates remain largely stable vs the first round. Comparing the consensus with our fine-tuned estimates, we believe the reported Q4 figures should roughly match street expectations. H...

Ahmed Ouni ...
  • Henning Steinbrink

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 01.24.2019

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Ahmed Ouni ...
  • Henning Steinbrink

Software AG : Solid FY2018 results; new FY2019 segment guidance in line; project HELIX the catalyst for DBP to weigh on the bottom line in 2019-2020e

>Weaker than expected DBP offset by surprisingly strong AN - SOW’s reported its full-year 2018 results on 31 January. The figures were solid but not stellar due to sluggish DBP, which is still not living up to its real potential. Nevertheless, we believe 2019 will bring the catalysts DBP needs for its long-desired acceleration in revenue growth. In this respect, new CEO Sanjay Brahmawar has already reshuffled management, for the better in our view. We think Mr Brahma...

Ahmed Ouni ...
  • Henning Steinbrink

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 02-01-2019

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SOFTWARE AG presents increased market risk and shows a lower rating of Slightly Negative

The independent financial analyst theScreener just requalified the risk of SOFTWARE AG (DE), active in the Software industry. As regards its fundamental valuation, the title receives a new star(s) and now shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and can be qualified as risky. theScreener considers that these elements lead to an overall rating downgrade to Slightly Negative while the title remains exposed to strong pressure. As of the analysis date July 19, 2019, the closing price was EUR 25.89 and its target price was estimated at EUR 24.60.

Expert Corporate Governance Service (ECGS)

Software AG - AGM 28 May 2019

General: Software AG is a leading independent integration, Internet of Things, analytics, process software and services company, which is trusted by over 70% of the world’s top 1,000 enterprises. The Company is active in 70 countries with more than 4,700 employees.  As of 1 December 2018, Software AG Foundation held 33.7%, BlackRock Inc. held between 5% and 10% and Deutsche Asset Investment GmbH, Norges Bank and Axxion S.A. each held between 3% and 5% of the Company's shares.  In financial year 2018, Group revenues decreased by 1.5% to EUR 865.7m, EBIT increased by 3.9% to EUR 231.6m and net...

Dave Nicoski ...
  • John Betz

Int'l Insights: Bullish Stocks

Developed international equities (MSCI EAFE) have been underperforming relative to global equities (MSCI ACWI). So, within EAFE, where would we want to be invested? Our answer: outperforming SMID-caps, as displayed via the 10-year chart (attached). We expect this outperformance to continue; stick with this trend. In today's report we use a bottom-up approach to highlight actionable charts, sorted by market cap (all buys at current levels). Charts highlighted: NMC-GB, ASC-GB, TEMN-CH, EVR-GB, DIM-FR, WCH-DE, KRX-IE, POM-FR, BCVN-CH, WLN-FR, JE-GB, RUI-FR, LOGI-US, 4004-JP, HLMA-GB, ASRNL-NL,...

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