Pegasystems, Intapp and Workiva are Citi's top picks in back office software

seekingalpha09-25

Citi has named Pegasystems (NASDAQ:PEGA), Intapp (NASDAQ:INTA) and Workiva (NYSE:WK) as its new top picks in back office software companies, with Intuit (INTU) being its favorite large-cap. Analysts ...

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Analysts ...</p>\n\n<a href=\"https://seekingalpha.com/news/4153077-pegasystems-intapp-and-workiva-are-citis-top-picks-in-back-office-software\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pegasystems, Intapp and Workiva are Citi's top picks in back office software</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPegasystems, Intapp and Workiva are Citi's top picks in back office software\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-25 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4153077-pegasystems-intapp-and-workiva-are-citis-top-picks-in-back-office-software><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citi has named Pegasystems (NASDAQ:PEGA), Intapp (NASDAQ:INTA) and Workiva (NYSE:WK) as its new top picks in back office software companies, with Intuit (INTU) being its favorite large-cap. Analysts ...</p>\n\n<a href=\"https://seekingalpha.com/news/4153077-pegasystems-intapp-and-workiva-are-citis-top-picks-in-back-office-software\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1815336091.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","start_time":0,"source_url":"https://seekingalpha.com/news/4153077-pegasystems-intapp-and-workiva-are-citis-top-picks-in-back-office-software","article_id":"2470521852","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1317797235/image_1317797235.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470521852","pubTimestamp":1727269348,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Citi has named Pegasystems (NASDAQ:PEGA), Intapp (NASDAQ:INTA) and Workiva (NYSE:WK) as its new top picks in back office software companies, with Intuit (INTU) being its favorite large-cap. Analysts l","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","PEGA":"Pegasystems Inc","LU0566484027.USD":"安本美国小盘成长股","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","BK4539":"次新股","WK":"Workiva","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","BK4023":"应用软件","INTA":"Intapp, Inc.","BK4535":"淡马锡持仓"},"translate_title":"Pegasystems、Intapp和Workiva是花旗后台软件的首选","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTA":0.9,"PEGA":0.9,"WK":0.9},"content_text":"Citi has named Pegasystems (NASDAQ:PEGA), Intapp (NASDAQ:INTA) and Workiva (NYSE:WK) as its new top picks in back office software companies, with Intuit (INTU) being its favorite large-cap. Analysts led by Steven Enders updated their models and preference rankings across their Back Office Software coverage following second quarter results, seeing potential for underappreciated small-mid cap software names to re-rate amid a more risk-on rate cut cycle with stability in IT budget spend and emerging AI opportunities. The analysts added that they were increasing their preference for underappreciated AI stories — Pegasystems, Intapp, and Box (BOX) — and solid execution, Dayforce (DAY) SPS Commerce (SPSC), monday.com (MNDY) OneStream (OS), and Paylocity Holding (PCTY). Enders and his team decreased their preference for stories with incremental execution risk — Appian (APPN), Open Text (OTEX) and Paycom Software (PAYC) — and M&A thesis playing out for, Smartsheet (SMAR) and Instructure Holdings (INST). Pegasystems (PEGA): Citi sees the litigation overhang shifting post appeal, with an improving go-to-market, or GTM, motion and the Blueprint strategy driving underappreciated generative AI monetization potential into the second half of 2024/calendar year 2025, also supported by ramping Free Cash Flow per Share, or FCF/share, and buybacks in '25. The firm has a $92 price target on the stock. Intapp (INTA): The analysts said that similar to Pegasystems, they see sentiment overhang shifting post private equity ownership sell-off, improving go-to-market execution via the ramping Microsoft partnership, and underappreciated AI use cases contributing to new annual contract value, or ACV. The analysts noted that they were lowering Intapp from their top overall pick following a 41% return since July 18 versus iShares Expanded Tech-Software Sector ETF's (IGV) +5%. Citi has a $63 price target on INTA. Workiva (WK): Enders and his team see regulatory-catalyzed ESG growth opportunities ramping into calendar year 2025. The analysts' conversations at the company's recent user conference suggesting an uptick in momentum with a now rationalized view of the margin framework (incremental sales and marketing investments). The firm has set a $96 price target on Workiva's stock. Pegasystems (PEGA) has a Hold rating at Seeking Alpha's Quant Rating system, which consistently beats the market. Meanwhile, the Seeking Alpha authors' (total 1 author in this case) average rating is Buy, and so is the average Wall Street analysts' rating, Buy.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470521852"}