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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

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GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

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» CNQR's 10-Y Financials

Financials (Next Earnings Date: 0)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

CNQR Guru Trades in

Q2 2014

CNQR Guru Trades in Q2 2014

Paul Singer 3,000 sh (New)
RS Investment Management 23,600 sh (New)
Ken Fisher 2,710 sh (New)
Ruane Cunniff 311,544 sh (+3371.63%)
Ron Baron 1,155,440 sh (+8.39%)
Steven Cohen 56,100 sh (unchged)
Columbia Wanger 600,150 sh (unchged)
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
» More
Q3 2014

CNQR Guru Trades in Q3 2014

Mario Gabelli 517,296 sh (New)
First Eagle Investment 30,000 sh (New)
Paul Singer 3,000 sh (unchged)
Ken Fisher Sold Out
RS Investment Management Sold Out
Steven Cohen Sold Out
Ron Baron 1,078,200 sh (-6.68%)
Columbia Wanger 357,300 sh (-40.46%)
Ruane Cunniff 8,974 sh (-97.12%)
» More
Q4 2014

CNQR Guru Trades in Q4 2014

Paul Singer Sold Out
Mario Gabelli Sold Out
Columbia Wanger Sold Out
First Eagle Investment Sold Out
Ron Baron Sold Out
Ruane Cunniff Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with CNQR

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Business Description

Industry: Application Software » Software - Application
Compare:NAS:SPLK, NAS:CDNS, NAS:OTEX, NAS:ANSS, OTCPK:OCLCF, OTCPK:CNSWF, NAS:CDK, NYSE:N, NYSE:MBLY, NYSE:TYL, NAS:TEAM, NAS:FTNT, NAS:AKAM, OTCPK:RCKZF, OTCPK:GTOMY, OTCPK:SGGEF, NYSE:QIHU, OTCPK:MCFUF, OTCPK:TMICY, NAS:MANH » details
Traded in other countries:CZT.Germany,


Concur Technologies, Inc. was incorporated in the state of Washington in 1993. The Company is the provider of on-demand Employee Spend Management solutions. Its integrated travel and expense software solutions enable organizations to control costs by automating the processes used to manage employee spending. Its solutions unite online travel procurement with automated expense reporting, streamline corporate event management, and optimize the process of managing vendor payments, employee check requests and direct reimbursements. The Company's core mission is to continuously innovate to reduce the costs of employee spend management for its customers. It owns trademarks and registered trademarks for its various products and services and attempt to ensure it protect all necessary intellectual property rights. Concur, the Concur logo, Concur Expense, Concur Travel & Expense, Cliqbook, Concur Cliqbook Travel, Concur Invoice, Concur Audit, Concur Pay, Concur Intelligence, Concur Mobile, Concur Breeze, Concur Advantage, Concur Connect, Concur ExpenseLink, Concur Travel Manager, Smart Expense, One Touch Business Travel, and Ulysse Travel & Expense are trademarks or registered trademarks of Concur or its affiliates.It operates in one segment, Employee Spend Management solutions. The Company sells its solutions and services mainly on a subscription basis and delivers them on-demand. The on-demand, or software-as-a-service ('SaaS'), model uses the Internet to deliver software applications from a centrally hosted computing facility to end users through a web browser. Its on-demand software solutions are designed to automate and streamline employee spend management processes, from travel purchasing through expense report generation, employee reimbursement and vendor payment. Concur Travel & Expense fully integrates online travel booking with automated expense reporting to provide unified end-to-end corporate travel procurement and expense reporting. Concur Expense automates, simplifies, reduces the cost of, and improves internal controls associated with, the travel and entertainment expense management process. Concur Cliqbook Travel is its online travel management solution that automates corporate travel procurement and processing. Concur Invoice is designed to automate, simplify and reduce the costs associated with the process of entering, approving and managing the payment of vendor invoices. The Company provides value-added services that leverage its integrated travel procurement and expense reporting platform to benefit its customers. Its main value-added services are: Concur Pay, Concur Audit, Concur Intelligence, Powered by Cognos , Smart Expense, Concur Connect, Concur Advantage, Concur Mobile .It offers consulting services in connection with deployment of its solutions to assist customers in maximizing its return on investment. It also offers flexible training programs designed to assist customers transitioning its products and service

Guru Investment Theses on Concur Technologies Inc

Baron Growth Fund Comments on Concur Technologies Inc - Oct 24, 2014

A good example of this strategy during the quarter was our investment in Concur Technologies, Inc. (CNQR), a $7.2 billion company that was the subject of a takeover by global software firm SAP. Baron Growth Fund has owned Concur, a leading provider of travel and expense management software, since 2009, when the company had a market value of roughly $1.1 billion. We have since earned about six times our initial investment. Concur joins CFR Pharmaceuticals SA, Windy City Investments Holdings, LLC (Nuveen Investments), Kerzner International Holdings Ltd. and Targa Resources Corp. as other Baron Growth Fund investments that have been the subject of acquisitions in 2014.

Shares of Concur Technologies, Inc. (CNQR) increased in the third quarter. Concur is a leading provider of travel booking and expense management software. On September 18, SAP SE announced an agreement to acquire Concur for $129 per share, a 28% premium to the closing price on September 2, the day before Bloomberg reported that Concur was exploring a sale. The $8.3 billion acquisition implied a valuation of roughly 9.7 times Concur’s estimated fiscal year 2015 revenue and confirmed our view that Concur was a valuable strategic asset. (Neal Kaufman)

From Ron Baron (Trades, Portfolio)’s Baron Growth Fund Q3 2014 Report.

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Ron Baron Comments on Concur Technologies Inc - Jul 28, 2014

Concur Technologies (CNQR), a provider of integrated travel and expense management software solutions, declined from $130 per share at the start of the year to $80 where we purchased shares. The rotation from growth companies gave us the opportunity to purchase the leading travel and expense management software provider with a multi-billion dollar opportunity at an attractive price. Concur remains in the early stages of its growth. It has an ability to expand its customers, products and geographies, while also providing suppliers with improved access to potential clients.



We initiated a position in Concur Technologies, Inc. after the stock fell due to a general rotation out of high growth stocks. Concur is a leading provider of integrated travel and expense management software solutions. The company sells its software on a subscription basis and delivers the software through the Internet (i.e., through the “cloud”). We believe Concur has a unique offering and a multi-billion dollar market opportunity in its core business. We expect the company to continue to grow rapidly through adding new customers, cross-selling new products,expanding into the small business market, expanding outside the U.S., and expanding into the government vertical. We also believe Concur has an opportunity to create an alternative distribution channel for travel suppliers and eliminate billions of dollars of transactions costs that are incurred annually in the travel supply chain. (Neal Kaufman)



From Ron Baron (Trades, Portfolio)’s Baron Funds Second Quarter 2014 Report.



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Ratios

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Valuation & Return

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More Statistics

Revenue (TTM) (Mil) $702.6
EPS (TTM) $ -2.09
Short Percentage of Float9.65%
52-Week Range $74.43 - 130.39
Shares Outstanding (Mil)57.10

Analyst Estimate

Sep15 Sep16
Revenue (Mil $) 895 1,071
EPS ($) 1.22 1.55
EPS w/o NRI ($) 1.22 1.55
EPS Growth Rate
(3Y to 5Y Estimate)
16.67%
» More Articles for CNQR

Headlines

Articles On GuruFocus.com
SAP Posts A Decent Quarter, Management Appear Contended Oct 25 2014 
Baron Growth Fund Comments on Concur Technologies Inc Oct 24 2014 
Ron Baron’s Baron Growth Fund Q3 2014 Report Oct 24 2014 
SAP Starts its Quest for Cloud 9 Sep 21 2014 
Ron Baron Comments on Concur Technologies Inc Jul 28 2014 
James Montier’s Short Screen Aug 08 2012 
Concur Technologies Inc. (CNQR) CEO Sudhir Steven Singh sells 20,000 Shares Mar 16 2011 
Concur Technologies Inc. (CNQR) President & COO Rajeev Singh sells 20,000 Shares Mar 16 2011 
Concur Technologies Inc. (CNQR) President & COO Rajeev Singh sells 5,000 Shares Feb 17 2011 
Concur Technologies Inc. (CNQR) CEO Sudhir Steven Singh sells 20,000 Shares Feb 15 2011 

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Concur founders to lead 700-person Philadelphia IT health care company, open HQ office in Seattle Nov 02 2015
Concur plans Bellevue expansion, remains 'super-committed' to the region post-acquisition Oct 02 2015
Royal Caribbean joins S&P 500 Dec 01 2014
SAP's CEO promises detailed plan for growth in January Nov 19 2014
SAP CEO rules out big acquisitions in next few years Nov 19 2014
SAP buys expenses software maker Concur for $7.3 bln Sep 19 2014
UPDATE 2-SAP agrees to buy expense software maker Concur for $7.3 bln Sep 19 2014
SAP will buy Concur Technologies for $7.36 billion Sep 18 2014
SAP agrees to buy expense software maker Concur for $7.3 bln Sep 18 2014
Other Likely Enterprise Software Buyout Targets After Concur Sep 04 2014
US STOCKS-Wall St climbs to fresh record on Ukraine hopes, data Sep 03 2014
Travel software provider Concur teams up with Airbnb, Uber Jul 29 2014

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