Which are 5 underrated NZX technology shares to be considered before 2022?

Highlights

• Broadly speaking, underrated technology shares are often equipped with consistent performance, with shares being inexpensive, thus captivating potential investors.
• Serko declared the appointment of a new Chief Financial Officer.
• EROAD signed a key partnership deal with Seeing Machines, thereby enhancing its fleet safety.

New Zealand houses some of the most innovative tech companies across the world, offering smart and world-class software solutions to its customers.

Though consistently delivering results and boasting of having long-term growth prospects, these tech companies are quite underrated, with shares being cheaply priced as compared to their peers.

Hence, these are great investment options for investors who want to cash in on hidden bargains.

That said, this article will cover the five underrated NZX-listed technology stocks.

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Serko Limited (NZX:SKO; ASX:SKO)

Serko Limited is a tech-driven company that focuses on offering software solutions for travel management companies. Lately, SKO revealed the appointment of a new Chief Financial Officer, Mr Sampson.

However, SKO’s interim CFO Susan Nemeth will continue to work for a handover period.

Shares of Serko gained 0.76% at NZ$7.970, on 11 October, at the market close.

Related Read: Why should 5 tourism stocks worry about 2022, not 2021?

EROAD Limited (NZX:ERD)

Headquartered in Auckland, EROAD Limited provides innovative solutions for managing vehicle fleets, thereby improving driver safety. Recently, the Company revealed entering into a strategic alliance with Seeing Machines Ltd., famous for its vision-based monitoring technology.

The said partnership would enhance ERD’s fleet safety and sustainability through better driver behaviour.

Must Read: Which are 5 NZX technology stocks with healthy 6-month returns?

At the closing bell, EROAD dipped by 2.28% at NZ$5.570, on 11 October.

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

Another Auckland-based company is Gentrack Group Limited, which provides innovative cleantech solutions. Recently, the Company provided an update regarding its FY21 results ahead of its full-year results to be published towards November-end.

Do Read: Gentrack (NZX:GTK) expects strong revenues and EBIDTA in upcoming results

Underpinned by stronger-than-expected growth across its utilities segment, GTK forecasts its FY21 revenue to be around NZ$105 million, with EBITDA to be near-NZ$12 million.

A detailed FY21 performance would be released on 25 November.

On 11 October, Gentrack Group fell by 0.59% at NZ$1.690, at the end of the market session.

Geo Limited (NZX:GEO)

Launched in 2009, Geo Limited offers smart software solutions for mobile businesses. The Company has revealed that the last date of sending the director nominations is 20 October.

Also, its Annual Meeting would be held online on 29 November.

Also Read: Which are 5 NZX penny stocks from the technology space?

Shares of GEO declined by 1.05% at NZ$0.188, at the closing bell, on 11 October.

Southern Charter Financial Group Limited (NZX:SNC)

Southern Charter Financial Group Limited furnishes mobile and web development services to its customers. In its ASM, SNC carried out resolutions related to the re-election of its director as well as entrusting its Board to authorise the Company auditor’s expenses for FY22.

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

At the end of the market session, Southern Charter Financial Group traded flat at NZ$0.008.

Bottom Line

Setting aside a portion of one’s investment portfolio in underrated technology, stocks might offer good and attractive returns.