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

SOFTWARE AG sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of SOFTWARE AG (DE), active in the Software industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 22, 2019, the closing price was EUR 29.32 and its target price was estimated at EUR 21.26.

Henning Steinbrink

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 09.16.2019

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Henning Steinbrink

Software AG : Model adjustments for US go-to-market delays and economic cooldown; TP lowered to € 35; valuation at historic lows; attractive risk/reward

>Q2 licence revs down 7% but EBIT margin remains within expectations - We have adjusted our model for Software AG (SOW) to reflect: i/ the company’s revised 2019 DBP revenue guidance due to the longer than expected reorganization of webMethods’ salesforce in North America, and ii/ the current economic cooldown. Q2 2019 group revenue and group product revenue both grew 1% yoy cc, roughly in line with expectations, supported by a strong 141% yoy cc increase in Cloud Io...

Ahmed Ouni ...
  • Henning Steinbrink

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 04.15.2019

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Ahmed Ouni ...
  • Henning Steinbrink

Software AG : Q1 2019 results supported by surprisingly strong A&N license execution; 2019 guidance for A&N raised; DBP deal pipeline indicates strong H2 2019

>Slippage of US deals at DBP due to salesforce rearrangement in Q1 - Software AG (SOW) pre-released its Q1 2019 results. Group revenue came in at € 201.4m, up 6% y-o-y at constant currency (cc), thus beating our estimate of € 193.4m and the consensus of € 196.9m. The better-than-expected sales performance was mainly attributable to a surprising increase in Adabas&Natural (A&N) license sales (up 102% y-o-y cc). The anticipated S&M and R&D cost build-up was mainly linke...

Stephane Houri

Capgemini : Feedback from the third ODDO BHF TMT Forum

Our third TMT Forum in Paris and Frankfurt was attended by 21 companies and over 140 investors. We came away from the discussions with a fairly positive sentiment, particularly with the approach of the low point for semiconductors, the improved advertising trend in Q1 2019 and a more aggressive stance from telecoms operators despite the price environment. We are raising our target prices on Worldline (€ 52 to € 68) and Ericsson (SEK 85 to SEK 95). - >Third ODDO BHF TMT For...

SOFTWARE AG sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of SOFTWARE AG (DE), active in the Software industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 22, 2019, the closing price was EUR 29.32 and its target price was estimated at EUR 21.26.

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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