Aptitude Software Group (APTD)

Sector:

IT Services

Index:

FTSE Small Cap

 383.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 388.00p
  • 52 Week Low: 230.00p
  • Currency: UK Pounds
  • Shares Issued: 56.94m
  • Volume: 0
  • Market Cap: £218.08m
  • RiskGrade: 197

Aptitude Software confident in full-year performance

By Josh White

Date: Tuesday 14 May 2024

LONDON (ShareCast) - (Sharecast News) - Aptitude Software said in an update on Tuesday that it was confident in its performance for 2024, as ongoing organisational changes yielded positive progress, particularly in accelerating Fynapse readiness and delivery, supported by strategic partnerships.
The London-listed firm, which was holding its annual general meeting, said the pipeline for Fynapse - its intelligent finance data management and accounting platform - was seeing growth with key opportunities including new prospects and the migration of existing clients progressing well.

Recent successes included sales of the Aptitude Insurance Calculation Engine to a large Canadian insurer and eSuite to a UK based video production company.

Despite challenges posed by elongated sales cycles due to macroeconomic conditions, Aptitude said it had achieved new business success in the year-to-date, and aimed to close further opportunities in the first half.

The company said it was actively mitigating client churn on its product portfolio through increased investment in client service and support, although it expected some planned client reductions within Assure in the half year.

Aptitude said it remained committed to its organisation change programme, set to finish by the end of 2024, and was managing its cost base prudently to enhance operating efficiency.

While implementing targeted cost reductions, the company said it was continuing strategic investment to support organic growth.

At 1107 BST, shares in Aptitude Software Group were down 0.16% at 303p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

APTD Market Data

Currency UK Pounds
Share Price 383.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 388.00p
52 Week Low 230.00p
Volume 0
Shares Issued 56.94m
Market Cap £218.08m
RiskGrade 197

APTD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.69% below the market average98.69% below the market average98.69% below the market average98.69% below the market average98.69% below the market average
85.54% below the sector average85.54% below the sector average85.54% below the sector average85.54% below the sector average85.54% below the sector average
Price Trend
78.30% above the market average78.30% above the market average78.30% above the market average78.30% above the market average78.30% above the market average
62.64% above the sector average62.64% above the sector average62.64% above the sector average62.64% above the sector average62.64% above the sector average
Income
92.39% below the market average92.39% below the market average92.39% below the market average92.39% below the market average92.39% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Growth
22.62% below the market average22.62% below the market average22.62% below the market average22.62% below the market average22.62% below the market average
44.58% below the sector average44.58% below the sector average44.58% below the sector average44.58% below the sector average44.58% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

APTD Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-24 03-Aug-23
Paid 14-Jun-24 25-Aug-23
Amount 3.60p 1.80p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

APTD Key Personnel

CFO Mike Johns
CEO Alex Curran

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