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An update from IRESS Limited ( (AU:IRE) ) is now available.
Iress Limited has completed the sale of its QuantHouse business to BAHA Tech Holding AG for €17.5 million. This divestment allows Iress to concentrate on its core businesses in Wealth and Global Trading and Market Data, aiming for organic growth and enhanced shareholder returns. The transaction includes a five-year supply agreement for market data feeds and transitional services for up to 12 months. The sale does not affect Iress’ FY25 guidance, and it is expected to strengthen Iress’ focus on its primary business areas.
The most recent analyst rating on (AU:IRE) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on IRESS Limited stock, see the AU:IRE Stock Forecast page.
More about IRESS Limited
Iress Limited is a technology company that provides software and services to the financial services industry. Its offerings include trading and market data, financial advice, investment management, life and pensions, and data intelligence, with a market presence in Asia-Pacific, North America, Africa, and the UK.
YTD Price Performance: -4.01%
Average Trading Volume: 963,664
Technical Sentiment Signal: Buy
Current Market Cap: A$1.61B
Find detailed analytics on IRE stock on TipRanks’ Stock Analysis page.