3 Technology Stocks to consider

tech stocks

Appen Limited (ASX: APX) is an information technology stock which is in Linguistics services. Few weeks ago, when Appen just joined the ASX 200, Bill Pulver ex- Australian rugby union boss went ahead with $9.6 million selling of shares in Appen, a speech recognition software company. Content Relevance and Language Resources are the two segments the company operates in. It was incorporated in the year 2009.

The stock is trading at a current market price of $11.570 and has seen a daily price change of $0.710 and 6.538%. The stock has seen a performance change of 157.96% over the past 12 months. In terms of FY17 performance, company’s underlying EBITDA increased by 62% to $28.1 million, and the underlying net profit after tax reached $19.7 million which was up 86% from the previous year FY16. Appen also maintained a strong balance sheet with year-end cash at $24.0 million. The annual dividend yield for the stock is 0.55% which is fully franked.

Wisetech Global Limited (ASX: WTC) is another information technology stock and the provider of software solutions to the logistics industry, globally. Across 130 countries, their software enables logistics service providers to storage of goods and facilitate the movement and information domestically and internationally. WiseTech is a leading provider of software to the logistics services globally with presence in 130 countries and more than 7,000 customers, the company has more than 44 Billion data transactions annually.

The stock is trading at a current market price of $14.970 and has seen a daily price change of $0.430 and 2.957%. The stock has seen a performance change of 108.01% over the past 12 months. The most recent acquisition of the company was Pierbridge Inc with a transaction value of $59.40 million and announced it on June 21, 2018. A Canadian customs management solutions provider is also recently acquired by WiseTech Global. Increasing demand for integrated ecosystems to improve competitiveness and productivity and the consolidation continues for 3PL and 2PL providers, scale is the key.

Afterpay Touch Group Limited (ASX: APT) is an information technology stock that had recently announced its launch with Urban outfitters in the U.S. market in May 2018. With several significant lifestyle retailers, Afterpay is pleased to announce that it commenced transacting in the United States in a phased approach which will provide U.S. customers with a new way to pay.

The stock is trading at a current market price of $14.310 and has seen a daily price change of $0.560 and 4.073%. The stock has seen a performance change of a staggering 350.82% over the past 12 months. Through the Afterpay platform in FY18, over $2.18 bn of total underlying sales has been processed. Representing a 171% increase over Q4 FY17 and a 39% increase over Q3 FY18, the Q4 FY18 underlying sales are of approximately $736 million. The bullish view on Afterpay has now sparked an outstanding share run that has made the stock one of the best-performing companies on the market in the past one year.

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