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Second Quarter Update on IT, Software and Electronic Gaming on 52-week Low

Sally Jones

Sally Jones

47 followers
Here’s a look at four companies from around the world in information technology services, software and electronic gaming from the application software sector. The application software industry currently lists a total of 255 stocks, with 16 stocks on a 52-week low. The low ratio is 0.06. Billionaire Gurus are holding two of these companies.

ISRAEL

Highlight: ClickSoftware Technologies Ltd. (CKSW) – Yield 4.10%

The current CKSW share price is $7.09, or 22.4% off the 52-week high of $9.14.

Down 5% over 12 months, CKSW has a market cap of $225.4 million, and trades at a P/E of 34.10 and a P/B of 3.80.

ClickSoftware Technologies Ltd. was incorporated in 1979. The company is a provider of software products and solutions for workforce management and optimization for the service sector. The company's products and solutions incorporate best business practices, key business functions of service operations, and sophisticated decision-making algorithms that enable its customers to more efficiently manage their service operations in a scalable, integrated manner.

ClickSoftware Technologies Ltd. reported financial results for the second quarter ended June 30, 2013, with total revenues of $24.7 million, up 10% from $22.5 million in the second quarter of 2012. Net loss for the second quarter of 2013 was $2.9 million, or ($0.09) loss per fully diluted share, compared to net income of $0.1 million, or $0.00 per fully diluted share, for the same period last year. Non-GAAP net loss for the quarter was $2.3 million, or ($0.07) loss per fully diluted share, compared to $1.0 million, or $0.03 per fully diluted share, for the same period last year, according to a company press release.

Guru Action: In the second quarter, John Hussman bought 7,500 shares at an average share price of $7.60, taking an average loss of 6.7%. In the previous quarter, he first bought a new holding of 10,000 shares at an average price of $8.33 per share, for a loss of 14.9%.

George Soros holds 3,130,000 shares as of the end of the first quarter 2013, and Jim Simons hold 775,800 shares as of the same quarter.

Historical pricing:

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ISRAEL

Highlight: MIND C.T.I. Ltd. (MNDO) – Yield 14.10%

The current MNDO share price is $1.70, or 26.1% off the 52-week high of $2.30.

Up 1% over 12 months, MNDO has a market cap of $31.9 million, and trades at a P/E of 9.10 and a P/B of 1.50.

MIND C.T.I. Ltd. is an information technology services company that develops, manufactures and markets real-time and off-line mediation, rating, billing and customer care software for communication providers, including traditional wire line and wireless, voice over IP, and broadband IP network operators, cable operators, 3G operators and mobile virtual network operators. The company's convergent billing and customer care solution supports multiple services, including voice, data and content services as well as both prepaid and post-paid payment models in a single platform.

The company reported its first quarter 2013 gross profit of $2,186,000, down from $3,460,000 in the same quarter a year ago. The company had a net income of $162,000 in the first quarter of 2013, compared to $1,372,000 in the same quarter of 2012.

Guru Action: The only Guru owner is currently Jim Simons with 1,213,700 shares as of March 31, 2013. He has a long trading history that reflects an average loss of 21% on 1,355,900 shares bought at an average share price of $2.16. He’s taken an average loss of 11% 142,200 shares bought at an average share price of $1.92 per share.

Historical pricing:

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AUSTRALIA

Highlight: Tabcorp Holdings Ltd. (TACBY) – Yield 3.60%

The current TACBY share price is $5.75, or 17.3% off the 52-week high of $6.95.

Down 6% over 12 months, TACBY has a market cap of $2.14 billion, and trades at a P/E of 7.10 and a P/B of 1.70.

Tabcorp is Australia's leading wagering, racing media and Keno operator. As a diversified entertainment group, Tabcorp Holdings Limited offers a wide range of gambling and entertainment products via three major business units which include Wagering, Gaming and Keno. Customer brands include TAB, Tabaret, Keno, Luxbet, TAB Sportsbet, Tabcorp Gaming Solutions, Sky Racing and Sky Sports Radio.

The company reported second quarter 2013 financial results for the year ended June 20, 2013, with revenue of $2 billion, up 2% from the same period a year ago. The company showed a loss of profit of 7.8%, with $147.6 million in the same period of 2013, compared to $160.1 million a year ago.

Historical pricing:

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HONG KONG

Highlight: DMX Technologies Group Limited (DMXTY) – Yield 1.20%

The current DMXTY share price is $6.98, or 17.3% off the 52-week high of $8.44.

Down 17% over 12 months, DMXTY has a market cap of $202.7 million, and trades at a P/E of 10.50 and a P/B of 0.50.

With 28 sales offices in nine countries across Asia, DMX Technologies is a leading information technology provider of a wide range of digital media software and solutions. The group specializes in providing integrated IT solutions to enable telecom operators, cable TV operators, mobile operators, media corporations and enterprises to deliver enhanced services to their end users. Its solutions range from providing service operators and enterprises with network security, network management and optimization; to providing systems that enable digital media services.

The company reported second quarter 2013 financial results with a 3.1% year on year increase in revenue to $93.9 million and a 14.1% decline in net profit to $4.1 million for the three months ended 30 June 2013. The company’s continued shift towards higher margin, recurring revenue streams boosted its gross margins to 23.5%, versus 22.9% in the preceding year, according to a company press release.

Historical pricing:

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Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.8/5 (4 votes)

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