How to buy Iress shares | A$9.95

IRESS Limited is a software—application business based in Australia. Iress shares (IRE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $9.95 – a decrease of 0.1% over the previous week. Iress has a trailing 12-month revenue of around $537.9 million.

How to buy shares in Iress

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Iress. Find the share by name or ticker symbol: IRE. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Iress reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $9.95, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Iress. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Iress's share price?

Since the stock market crash in March caused by coronavirus, Iress's share price has had significant negative movement.

Its last market close was $9.95, which is 19.30% down on its pre-crash value of $12.33 and 20.02% up on the lowest point reached during the March crash when the shares fell as low as $8.29.

If you had bought $1,000 worth of Iress shares at the start of February 2020, those shares would have been worth $640.36 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $727.35.

Iress share price

Use our graph to track the performance of IRE stocks over time.

Iress shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$9.95
52-week range	AUDA$8.29 - AUDA$14.36
50-day moving average	AUDA$9.9239
200-day moving average	AUDA$10.5462
Target price	AUDA$12.87
PE ratio	27.2286
Dividend yield	AUDA$0.46 (4.66%)
Earnings per share (TTM)	AUDA$0.35

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Iress stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of IRESS Limited by TradingView

Iress price performance over time

Historical closes compared with the close of A$9.95 on 2020-10-22

1 week (2020-10-15)	-1.09%
1 month (2020-09-25)	4.41%
3 months (2020-07-24)	-4.05%
6 months (2020-04-24)	-0.50%

1 year (2019-10-25)	-13.33%
2 years (2018-10-25)	-6.84%
3 years (2017-10-25)	-14.81%
5 years (2015-10-23)	6.08%

Is Iress under- or over-valued?

Valuing Iress stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Iress's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Iress's P/E ratio

Iress's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Iress shares trade at around 27x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Iress's EBITDA

Iress's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $109.6 million.

The EBITDA is a measure of a Iress's overall financial performance and is widely used to measure a its profitability.

Iress financials

Revenue TTM	$537.9 million
Operating margin TTM	17.01%
Gross profit TTM	$153.6 million
Return on assets TTM	6.6%
Return on equity TTM	12.75%
Profit margin	11.36%
Book value	2.928
Market capitalisation	$1.9 billion

TTM: trailing 12 months

Iress share dividends

Dividend payout ratio: 50.29% of net profits

Recently Iress has paid out, on average, around 50.29% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.66% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Iress shareholders could enjoy a 4.66% return on their shares, in the form of dividend payments. In Iress's case, that would currently equate to about A$0.46 per share.

Iress's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 1 September 2020 (the "ex-dividend date").

Iress share price volatility

Over the last 12 months, Iress's shares have ranged in value from as little as $8.29 up to $14.36. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Iress's is 0.8103. This would suggest that Iress's shares are less volatile than average (for this exchange).

Iress overview

IRESS Limited provides market data, trading, compliance, order management, portfolio and wealth management, mortgages and related tools in Australia, New Zealand, Asia, North America, Europe, South Africa, and the United Kingdom. Its software products include trading interfaces, order and execution management, order routing, FIX, portfolio management, securities lending, analytical tools, connectivity services, and client relationship and wealth management products for investment managers and platforms, discretionary retail fund managers, private client adviser, and wealth managers, as well as for institutional sell side, retail, and online brokers. It also offers integrated financial advice software, which includes client management, business automation, portfolio data, research, financial tool planning, scaled advice journeys, digital client solutions, and data driven compliance and analytics for institutional advisory and independent advisory clients. In addition, the company offers superannuation administration software comprises of fund registry, digital member portal, digital advice solutions, and fund administration services; and multi-channel mortgage sales and origination software, such as automated workflow, application processing, mortgage comparison, mortgage advice, and lender connectivity for mortgage lenders and intermediaries. Further, it offers insurance and pension sourcing software, including quoting, comparison, and application processing products. The company was formerly known as IRESS Market Technology Limited and changed its name to IRESS Limited in May 2012. IRESS Limited was founded in 1993 and is based in Melbourne, Australia.

Frequently asked questions

• What percentage of Iress is owned by insiders or institutions?

  Currently 16.017% of Iress shares are held by insiders and 51.1% by institutions.

• When does the fiscal year end for Iress?

  Iress's fiscal year ends in December.

• Where is Iress based?

  Iress's address is: 385 Bourke Street, Melbourne, VIC, Australia, 3000

• What is Iress's ISIN number?

  Iress's international securities identification number is: AU000000IRE2