Know the most popular 10 NZX-listed technology stocks

Be the First to Comment Read

Know the most popular 10 NZX-listed technology stocks

 Know the most popular 10 NZX-listed technology stocks
Image source: Bro Crock,Shutterstock

Highlights

  • New Zealand's tech sector plays a significant role in contributing to the nation's economic development and cementing its prowess as a technologically advanced nation.
  • PaySauce to hold its Annual Shareholders’ Meeting in the last week of September.
  • EROAD announced the oversubscription of its Share Purchase Plan by almost 267% of the amount sought.

New Zealand's tech sector is home to some of the well-renowned and the biggest IT companies across the globe. Its well-connected and fast-growing technology sector is on a par with other technologically advanced nations.

In 2019, sales of ICT software and services climbed by 31%, amounting to NZ$9.8 billion as compared to 2017. Moreover, about 114,450 people were employed in the country’s tech sector in 2019.

That said, here’s a compilation of the 10 most famous NZX-listed tech stocks.

Source: Copyright © 2021 Kalkine Media

PaySauce Limited (NZX:PYS)

Offering software solutions related to payroll, payday filling, leaves, etc., PaySauce Limited's apps are supported both by computers as well as smartphones.

It has scheduled its Annual Shareholders’ Meeting on 24 September. The meeting would be a hybrid one, i.e., it can be attended both in person as well as online.

On 17 August, at the time of writing, PaySauce was trading flat at NZ$0.320.

Related Read: Why these 10 penny stocks can matter in 2021

Geo Limited (NZX:GEO)

Functioning as a smart software solution provider for mobile businesses, Geo Limited has been in business for nearly 10 years. In its recently released trading update, the Company has revealed that despite lockdowns across Australia, it has remained resilient, with overall customer activity levels being stable.

Also, GEO has achieved new three-year sales records in the preceding six months, thereby indicating increased market spending.

On 27 August, the Company would disclose its FY21 annual results.

At the time of writing, Geo was trading down by 12.17% at NZ$0.101, on 17 August.

Also Read: Are penny stocks good for beginners? A look at 10 related NZX stocks

Serko Limited (NZX:SKO; ASX:SKO)

Operating as a software solutions provider for online travel, Serko Limited is a tech company that addresses the challenges of corporate travel as well as expense management.

The Company has declared the appointment of a new director, Jan Dawson, who would assume office after the Company’s Annual Meeting, which will be organised on 18 August.

Shares of Serko fell by 0.43%, and was trading at NZ$6.920, at the time of writing, on 17 August.

Related Read: Five NZX travel stocks to look at amid border closure and paused travel bubble

Gentrack Group Limited (NZX:GTK; ASX:GTK)

Gentrack Group Limited provides innovative cleantech solutions to various utilities across the world. The UK-based Orbit Energy has recently chosen GTK’s technology and services to enhance its customer services, as well as undertaking systematic cost reductions.

GTK will deliver improved agile IT practices, enhanced system error resolution, etc., among other managed services.

At the time of writing, Gentrack Group was up by 3.03% at NZ$2.04, on 17 August.

Interesting Read: Which are the 11 popular software stocks on NZX?

Vista Group International Limited (NZX:VGL; ASX:VGL)

Vista Group International Limited offers technology solutions to the global film industry sector pertaining to distribution, exhibition, etc. Underpinned by a rise in the opening of cinemas, VGL’s cashflow position witnessed an improvement, which has resulted in the enhanced financial position of the Company.

VGL will publish its H1 FY2021 results on 27 August.

At the time of writing, Vista Group International declined by 0.86% at NZ$2.30, on 17 August.

Related Read: Will New Zealand become a technological hub? Which are the big tech companies there?

EROAD Limited (NZX:ERD)

EROAD Limited is a famous developer of technology solutions for the management of vehicle fleets, thus, improving driver safety, as well as helping reduce driving costs. The Company has recently revealed that its Share Purchase Plan worth NZ$16.1 million, receiving solid shareholder support, was oversubscribed by almost 267%, thereby aggregating nearly NZ$43 million.

It is pointed out that ERD would accept an oversubscription of NZ$3.9 million and would refund the surplus amount on 17 August.

On 17 August, EROAD dipped by 0.48% at NZ$6.270, at the time of writing.

Don’t Miss Reading: What are the top tech stocks in New Zealand?

Enprise Group Limited (NZX:ENS)

Enprise Group Limited functions as a high-tech software and related services investment company. The Company has acquired Very Impressive Software, which offers software products to various SME businesses.

The said acquisition would enhance the Group's total product offering to both existing as well as new customers.

On 17 August, shares of Enprise Group were trading down by 0.16% at NZ$6.26, at the time of writing.

Related Read: What are the key highlights of the NZ sharemarket?

Plexure Group Limited (NZX:PX1)

Plexure Group Limited develops mobile engagement software. As per the latest reports, the Company has entered into a conditional agreement to takeover Task Retail Pty Limited of Australia and its global subsidiaries for AU$120 million, thereby providing enhanced selling opportunities and leveraging the cost synergies by both the companies.

Moreover, the said acquisition would enable PX1 to transform itself into an end-to-end cloud engagement company, especially catering to grocery firms and hospitality enterprises.

At the time of writing, Plexure Group was moving up by 3.39% at NZ$0.610, on 17 August.

Do Read: Which 6 NZX stocks made the biggest moves in the market?

Vital Limited (NZX:VTL)

Another critical technology provider across New Zealand is Vital Limited, which is based in Wellington. The company's Sales and Marketing Head exited from his position in June 2021. Meanwhile, VTL's CEO has taken charge of the sales team.

On 17 August, Vital Limited was trading flat at NZ$0.750, at the time of writing.

Related Read: Which are the four hot NZX-listed telecom stocks?

Spark New Zealand Limited (NZX:SPK; ASX:SPK)

Spark New Zealand Limited is the leading company offering digital services across Aotearoa. The Company has recently declared changes in its Board, with David Havercroft taking charge as a non-independent director, w.e.f. 1 October.

Moreover, its independent non-executive director, Pip Greenwood, would not seek re-election in the company’s Annual Meeting of Shareholders, which is to be held in November 2021, after making a move to Westpac NZ in October 2021.

At the time of writing, Spark New Zealand was trading up by 0.32% at NZ$4.72, on 17 August.

Should Read: A peek into the 5 most traded NZX stocks on Friday

Road Ahead

As the global economy recovers, NZ’s tech sector is appearing confident as apart from its already established big tech giants, the country’s new and growing local tech companies are optimistic to contribute to the nation’s recovery from the deadly pandemic.

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK