Computershare Likely to Launch a Fresh Buyback in FY26 -- Market Talk

Dow Jones11-15

2306 GMT - Computershare is likely to launch and complete a fresh A$350 million share buyback in its 2026 fiscal year, Jefferies analysts reckon. They see free cashflow in Computershare's current fiscal year rising 14% to US$1.12 billion. They point out in a note to clients that the share-registry provider's current A$600 million buyback is 60% complete and scheduled to continue until the end of fiscal 2025. The company is benefiting from higher-than-anticipated average customer balances, prompting the Jefferies analysts to raise their balance forecasts in outer years. Jefferies lifts its target price 12% to A$34.00 and keeps a buy rating on the stock, which is at A$29.58 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 14, 2024 18:06 ET (23:06 GMT)

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They see free cashflow in Computershare's current ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"BK7157","symbol_name":"数据处理及外包服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483354657","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483354657","pubTimestamp":1731625560,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2306 GMT - Computershare is likely to launch and complete a fresh A$350 million share buyback in its 2026 fiscal year, Jefferies analysts reckon. 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