Nomura Research Institute Stock (OTC: NRILY)

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NOMURA RESH INST LTD

Nomura Research Institute Ltd provides Consulting, Financial IT solutions, Industrial IT solutions and IT platform services. Its consulting service includes management and systems consulting. Financial IT solutions consists of securities, banking and insurance business. Industrial IT solutions cover distribution and healthcare business and manufacturing and service industries. IT platform services include IT infrastructure, System management and advanced information technology solutions.

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NOMURA RSRCH UNSP/ADR by Nomura Research Institute Ltd.

Nomura Research Institute Ltd

The tech industry is set for growth due to continued investments in digitization and the adoption of emerging technologies. Therefore, we examine the prospects of quality tech stocks Research Institute (NRILY), Brother Industries (BRTHY), and RADCOM (RDCM). Read more… The tech industry is booming despite economic challenges, as the growing use of technology in different sectors, higher investments in digitization, and emerging technologies drive demand for tech solutions.
Given this backdrop, it could be wise to invest in fundamentally strong tech stocks: Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>), and RADCOM Ltd. (<a href="https://stocknews.com/stock/RDCM/">RDCM</a>).
Before diving deeper into the fundamentals of these stocks, let's discuss what is shaping the tech industry's prospects.
The digital revolution and the rising use of advanced technologies like Artificial Intelligence (AI) are the key factors boosting the tech industry's prospects. With smart devices and advanced computers, the tech industry is a dominant force in the global economy.
After the post-pandemic challenges and struggles with navigating a high-interest rate environment, the tech industry made a strong comeback thanks to the AI wave. The global AI market is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market">37.3% CAGR</a> between 2023 and 2030.
Gartner predicts global IT spending to hit <a href="https://www.gartner.com/en/newsroom/press-releases/2023-10-18-gartner-forecasts-worldwide-it-spending-to-grow-8-percent-in-2024">$5.10 trillion in 2024</a>, an 8% increase. This growth is expected to be fueled by higher investments in cloud computing, growth of generative AI, and digital transformation of businesses.
Tech stocks have been in the spotlight this year, with the Technology Select Sector SPDR Fund (<a href="https://stocknews.com/stock/XLK/">XLK</a>) gaining 47.2% year-to-date, outpacing the broader SPDR S&amp;P 500 ETF Trust's (<a href="https://stocknews.com/stock/SPY/">SPY</a>) 17.7% returns.
Considering these conducive trends, let's analyze the fundamentals of the featured stocks.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Headquartered in Tokyo, Japan, NRILY offers consulting, financial, and industrial IT solutions and IT platform services. Its segments include Consulting, Financial IT Solutions, Industrial IT Solutions, and IT Infrastructure Services. The company provides management and system consulting, system development, and operational solutions for various sectors, such as finance, manufacturing, and public services.
On April 27, 2023, NRILY announced the acquisition of up to 20 million shares of its common stock, representing 3.38% of total issued shares, with a total acquisition price of up to ¥50 billion ($338.18 million). The purpose is to enhance capital efficiency and align with NRILY's agile equity policy in response to changes in the business environment.
In terms of the trailing-12-month net income margin, NRILY's 10.92% is 517.7% higher than the 1.77% industry average. Likewise, its 15.68% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT margin</a> is 234.4% higher than the industry average of 4.69%. Furthermore, the stock's 0.86x trailing-12-month asset turnover ratio is 38.3% higher than the industry average of 0.62x.
NRILY's revenue for the six months ended September 30, 2023, increased 6.8% year-over-year to ¥362.07 billion ($2.43 billion). The company's operating profit increased 6.5% over the prior-year period to ¥58.87 billion ($394.96 million). Also, its profit attributable to owners of parent and EPS came in at ¥37.66 billion ($252.66) and ¥64.09, up 5% and 5.7% year-over-year, respectively.
For the fiscal year ending March 31, 2024, NRILY's revenue is expected to increase 51.6% year-over-year to $4.98 billion. Over the past nine months, the stock has gained 30.1% to close the last trading session at $28.28.
NRILY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #4 out of 9 stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services industry</a>. It has a B grade for Stability and Quality. <a href="https://stocknews.com/stock/NRILY/">Click here</a> to see NRILY's rating for Growth, Value, Momentum, and Sentiment.
Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
Headquartered in Nagoya, Japan, BRTHY manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing &amp; Solutions, Machinery, Domino, Nissei, Personal &amp; Home, and Network &amp; Contents segments.
On October 27, 2023, BRTHY introduced the "PureEne" brand, showcasing its dedication to promoting hydrogen use through fuel cell development and hydrogen pillar pipeline projects. The first product, the "AC-UPS Series," a hydrogen fuel cell and battery hybrid power supply, is now being shipped in Japan and selected as an emergency backup at Narita Airport.
On July 24, 2023, BRTHY announced its 20th consecutive year of co-sponsoring the World Cosplay Summit. They're offering the ScanNCut DX cutting machine as the ‘Brother Prize' for costume making. BRTHY will also demonstrate crafting at Oasis 21 and support the World Cosplay Championship, giving cosplayers a platform to showcase their works created with BRTHY products.
In terms of the trailing-12-month Capex/Sales, BRTHY's 4.29% is 83.6% higher than the 2.34% industry average. Likewise, its 4.61% trailing-12-month net income margin is 160.7% higher than the 1.77% industry average. Additionally, its 5.93% trailing-12-month Return on Common Equity is 499.4% higher than the 0.99% industry average.
For the fiscal second quarter that ended September 30, 2023, BRTHY's revenue increased 1.2% year-over-year to ¥199.23 billion ($1.34 billion). The company's operating profit rose 42.2% over the prior year's quarter to ¥17.70 billion ($118.75 million). Moreover, its profit for the period and EPS amounted to ¥12.66 billion ($84.94 million) and ¥49.39.
Analysts expect BRTHY's revenue for the quarter ending June 30, 2024, to increase 6.4% year-over-year to $1.50 billion. Over the past nine months, the stock has gained 16% to close the last trading session at $33.43.
It's no surprise that BRTHY has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. It has an A grade for Stability and a B for Value and Quality.
Within the B-rated <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry, it is ranked first out of 40 stocks. In total, we rate BRTHY on eight different levels. Beyond what we stated above, we also have given BRTHY grades for Growth, Momentum, and Sentiment. Get all the BRTHY ratings <a href="https://stocknews.com/stock/BRTHY/">here</a>.
RADCOM Ltd. (<a href="https://stocknews.com/stock/RDCM/">RDCM</a>)
Headquartered in Tel Aviv, Israel, RDCM provides 5G-ready cloud-native network intelligence and service assurance solutions for telecom operators or communication service providers (CSPs). Its offerings include RADCOM ACE, RADCOM Service Assurance, RADCOM Network Visibility, and RADCOM Network Insights.
On July 13, 2023, RDCM launched its 5G assurance solution on Google Cloud, providing telecom operators with automated, cloud-native assurance to enhance customer experience and proactively improve 5G service quality. The solution seamlessly integrates with Google Kubernetes Engine (GKE) and BigQuery, using AI-driven analytics to address 5G standalone network deployment challenges.
In terms of the trailing-12-month net income margin, RDCM's 2.20% is 24.2% higher than the 1.77% industry average. Likewise, its 18.74% trailing-12-month levered FCF margin is 127.5% higher than the industry average of 8.24%. Furthermore, the stock's 1.05% trailing-12-month Return on Total Assets is significantly higher than the industry average of 0.07%.
RDCM's revenue for the fiscal third quarter ended September 30, 2023, increased 9.9% year-over-year to $13.12 million. The company's non-GAAP gross profit increased 12.9% year-over-year to $9.94 million. Additionally, its non-GAAP net income and net income per share came in at $2.40 million and $0.15, up 149.5% and 150% year-over-year, respectively.
Street expects RDCM's revenue for the quarter ending December 31, 2023, to increase 10.3% year-over-year to $13.55 million. Over the past month, the stock has declined 2.1% to close the last trading session at $8.06.
RDCM's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system. It has an A grade for Sentiment and a B for Growth, Stability, and Quality.
Within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, it is ranked #6 out of 81 stocks. To see RDCM's Growth, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/RDCM/">click here</a>.
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NRILY shares were unchanged in premarket trading Thursday. Year-to-date, NRILY has gained 19.99%, versus a 20.30% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/nrily-brthy-rdcm-analyzing-the-profit-potential-of-3-tech-stocks/>Analyzing the Profit Potential of 3 Tech Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Analyzing the Profit Potential of 3 Tech Stocks

The outsourcing industry is experiencing significant growth, fueled by its seamless integration with prevailing industry trends like cloud-based outsourcing and rapid advancements. Hence, fundamentally strong outsourcing stocks Nomura Research Institute (NRILY), Adtalem Global Education (ATGE), and RCM Technologies (RCMT) might be solid buy opportunities now. Read more… The outsourcing industry is undergoing significant transformation, with trends such as nearshore outsourcing, cloud-based outsourcing, robotic process automation, and a focus on knowledge process outsourcing reshaping the global landscape.
So, I think investors could consider investing in top-rising outsourcing stocks Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), Adtalem Global Education Inc. (<a href="https://stocknews.com/stock/ATGE/">ATGE</a>), and RCM Technologies, Inc. (<a href="https://stocknews.com/stock/RCMT/">RCMT</a>).
The U.S. business process outsourcing market size is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/us-business-process-outsourcing-market-report">CAGR of 9.1%</a> from 2023 to 2030, driven by factors such as the increasing popularity of cloud computing, a growing inclination towards outsourcing in various industries, and the adoption of technologies like AI, resulting in sector-specific trends in finance, HR, and IT &amp; telecommunication.
In addition, the on-demand staffing service market is anticipated to exhibit substantial growth, driven by increasing demand for flexible staffing solutions and the adoption of on-demand workforce models by businesses. The global recruitment process outsourcing market size is anticipated to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/recruitment-process-outsourcing-rpo-market">CAGR of 16.1%</a> from 2023 to 2030.
Moreover, indirectly driven by increased demand for economical and scalable learning solutions, the learning services outsourcing industry experiences noteworthy growth, emphasizing the importance of addressing skill gaps and adjusting to evolving workplace dynamics. The global learning services outsourcing market is estimated to grow at a CAGR of 8.4% to <a href="https://www.verifiedmarketreports.com/product/learning-services-outsourcing-market/">reach $30.70 billion by 2027</a>. 
Furthermore, the global IT outsourcing market is anticipated to expand at a <a href="https://straitsresearch.com/report/it-outsourcing-market">CAGR of 9.3%</a> to reach $1.42 trillion by 2031.
Considering these conducive trends, let's look at the fundamentals of the three best outsourcing stocks.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Based in Tokyo, Japan, NRILY provides management and system consulting, financial IT solutions for institutions, industrial IT solutions for various sectors, and IT platform services globally. It also operates data centers while providing information security services.
NRILY's trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> of 22.22% is 142.9% higher than the industry average of 9.15%. Its 10.92% trailing-12-month net income margin is 397.5% higher than the 2.20% industry average.
For the six months ended September 30, 2023, NRILY generated revenue and gross profit of ¥362.07 billion ($2.47 billion) and ¥128.37 billion ($873.99 million), up 6.8% and 9.3% year-over-year, respectively.
The company reported EPS of ¥64.09, up 5.7% from the previous-year quarter. Its cash and cash equivalents at the end of the period increased 7.8% from the prior-year quarter to ¥125.21 billion ($852.44 million). 
Street expects NRILY's revenue to grow 53.1% year-over-year to $5.02 billion for the fiscal year ending March 2024.
NRILY's shares have gained 28.2% over the past year and 19.5% year-to-date to close the last trading session at $28.30.
NRILY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
NRILY has a B grade for Stability and Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry, it is ranked #4 out of nine stocks.
In addition to the POWR Ratings stated above, one can access NRILY's additional Growth, Value, Momentum, and Sentiment ratings <a href="https://stocknews.com/stock/NRILY/">here</a>.
Adtalem Global Education Inc. (<a href="https://stocknews.com/stock/ATGE/">ATGE</a>)
ATGE is a worldwide workforce solutions provider with three segments: Chamberlain (focused on nursing and health professions education); Walden (offering online degrees in various fields); and Medical and Veterinary (providing programs in the medical and veterinary education sector).
ATGE's trailing-12-month gross profit margin of 55.13% is 55.1% higher than the industry average of 35.56%. Its 13.80% trailing-12-month EBIT margin is 84.9% higher than the 7.47% industry average.
For the first quarter, which ended September 30, 2023, ATGE's revenue grew 4.1% year-over-year to $368.85 million. The company's adjusted operating income and EBITDA stood at $63.61 million and $80.54 million, respectively. Moreover, its adjusted EPS increased 3.3% from the prior-year quarter to $0.93.
For the fiscal year 2024, the company provided guidance with an expected revenue range of $1.47 billion to $1.53 billion. Additionally, the adjusted EPS is projected to be within the range of $4.25 to $4.45.
ATGE's revenue and EPS are expected to grow 3.2% and 25.6% year-over-year to $376.20 million and $1.29 for the fourth quarter ending June 2024. The company surpassed the revenue and EPS estimates in each of the trailing four quarters, which is impressive.
ATGE's shares increased 46.9% over the past year and 67.3% year-to-date to close the last trading session at $59.38.
ATGE's POWR Ratings reflect this sound outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
ATGE has a B grade for Growth and Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-education-services/">Outsourcing - Education Services</a> industry, it is ranked #4 of 20 stocks.
Click <a href="https://stocknews.com/stock/ATGE/">here</a> for ATGE's additional Value, Momentum, Stability, and Sentiment ratings.
RCM Technologies, Inc. (<a href="https://stocknews.com/stock/RCMT/">RCMT</a>)
RCMT provides business and technology solutions globally through three segments: Engineering; Specialty HealthCare; and Life Sciences and Information Technology. The company's diverse range of services encompasses engineering, healthcare staffing, and life sciences solutions, serving a wide array of industries.
On May 15, 2023, RCMT inaugurated the RCM Energy Services Operation Centre in Germany, marking a strategic move to expand globally and become a preferred engineering partner for Europe's energy transition.
The focus includes contributing to the modernization of the energy grid, particularly in addressing the increasing demands for electrical infrastructure changes in the European Union.
RCMT's trailing-12-month levered FCF margin of 11.35% is 88.8% higher than the industry average of 6.01%. Its 16.22% trailing-12-month ROTA is 230.2% higher than the 4.91% industry average.
For the third quarter, which ended September 30, 2023, RCMT's revenue stood at $58.05 million. The company's net income and EPS grew 6.8% and 39.4% year-over-year to $3.76 million and $0.46, respectively. Also, its adjusted EBITDA stood at $4.62 million.
Analysts expect RCMT's revenue and EPS to grow 12% and 23.6% year-over-year to $75.20 million and $0.54 for the first quarter ending March 2024, respectively. The company surpassed the revenue and EPS estimates in three of the trailing four quarters.
The stock has gained 81.8% over the past year and 117.3% year-to-date to close the last trading session at $26.82.
RCMT's robust fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
RCMT has a B for Value, Sentiment, and Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-staffing-services/">Outsourcing - Staffing Services</a> industry, it is ranked first of 20 stocks.
To see RCMT's additional POWR Ratings for Growth, Momentum, and Stability, click <a href="https://stocknews.com/stock/RCMT/">here</a>.
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NRILY shares were trading at $27.84 per share on Tuesday afternoon, down $0.47 (-1.64%). Year-to-date, NRILY has gained 18.12%, versus a 20.64% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/nrily-atge-rcmt-3-rising-outsourcing-stocks-that-are-buying-opportunities-now/>3 Rising Outsourcing Stocks That Are Buying Opportunities Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Rising Outsourcing Stocks That Are Buying Opportunities Now

Enterprises are largely focusing on their core competencies, operational efficiency, cost savings, scalability, etc., leading to the expansion of the outsourcing industry. In this scenario, it could be wise to consider buying fundamentally strong outsourcing stocks Nomura Research Institute (NRILY), Stantec (STN), ManpowerGroup (MAN), and Hudson Global (HSON), given their solid potential. Read on... The global outsourcing industry is experiencing substantial changes, driven by trends like nearshore outsourcing, cloud-based outsourcing, robotic process automation, and an increased emphasis on knowledge process outsourcing. These developments are reshaping the outsourcing landscape on a significant scale.
Given this backdrop, it could be wise to invest in fundamentally strong outsourcing stocks, Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), Stantec Inc. (<a href="https://stocknews.com/stock/STN/">STN</a>), ManpowerGroup Inc. (<a href="https://stocknews.com/stock/MAN/">MAN</a>) and Hudson Global, Inc. (<a href="https://stocknews.com/stock/HSON/">HSON</a>) for steady returns.
Before diving deeper into the fundamentals of these stocks, let's understand the industry landscape better.
Outsourcing is a popular business strategy as it enables businesses to achieve operational efficiency, helps to focus on critical business aspects, cuts costs, reduces dependency, improves productivity, and helps improve competitiveness. Globally, organizations are outsourcing for various reasons, ranging from business services to tech services and staffing and recruitment services.
Technological advancements such as cloud computing and artificial intelligence are boosting the demand for outsourcing due to the need for specialized skills and cost savings.
Moreover, due to the increasing complexity of business operations, companies are outsourcing non-core processes and putting their focus on their core competencies. The U.S. business process outsourcing market is expected to <a href="https://www.grandviewresearch.com/industry-analysis/us-business-process-outsourcing-market-report">CAGR of 9.1% between 2023 and 2030</a>.
The rising need for efficient recruitment processes and the growing practice of outsourcing recruitment functions to external providers are anticipated to fuel the growth of the Recruitment Process Outsourcing (RPO) market. Projections indicate that the global RPO market will grow at a <a href="https://www.grandviewresearch.com/industry-analysis/recruitment-process-outsourcing-rpo-market">CAGR of 16.1% to reach $24.32 billion by 2030</a>.
Furthermore, widespread cloud migration, growing adoption of emerging technologies, and the high demand for cybersecurity solutions are driving the demand for tech services. The global IT outsourcing market is anticipated to expand at a <a href="https://straitsresearch.com/report/it-outsourcing-market">CAGR of 9.3% to reach $1.42 trillion by 2031</a>.
Considering these conducive trends, let's take a look at the fundamentals of the stocks mentioned above.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Based in Tokyo, Japan, NRILY provides consulting, financial information technology (IT) solutions, industrial IT solutions, and IT platform services in Japan and internationally. It operates through the Consulting, Financial IT Solutions, Industrial IT Solutions, and IT Platform Services segments.
In terms of the trailing-12-month EBIT margin, NRILY's 15.68% is 221.5% higher than the 4.88% industry average. Likewise, its 10.92% trailing-12-month net income margin is 365.6% higher than the industry average of 2.35%. Furthermore, the stock's 9.07% trailing-12-month Return on Total Assets is significantly higher than the industry average of 0.26%.
For the six months ended September 30, 2023, NRILY's revenue increased 6.8% year-over-year to ¥362.07 billion ($2.52 billion). Its gross profit increased 9.3% year-over-year to ¥128.37 billion ($892.49 million). The company's <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> rose 6.5% over the prior-year quarter to ¥58.87 billion ($409.29 million). In addition, its profit attributable to owners of parent increased 5% year-over-year to ¥37.66 billion ($261.83 million).
Street expects NRILY's revenue for fiscal 2024 to increase 57.5% year-over-year to $5.17 billion. Over the past nine months, NRILY's shares have gained 24.4% to close the last trading session at $28.53.
NRILY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
NRILY has a B grade for Stability and Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing – Tech Services</a> industry, it is ranked #4 out of nine stocks. In addition to the ratings stated above, one can access NRILY's grades for Growth, Value, Momentum, and Sentiment ratings <a href="https://stocknews.com/stock/NRILY/">here.</a>
Stantec Inc. (<a href="https://stocknews.com/stock/STN/">STN</a>)
Headquartered in Edmonton, Canada, STN offers e-professional services in the areas of infrastructure and facilities to public and private sector clients internationally. The company provides consulting services in engineering, architecture, interior design, and landscape architecture. surveying, and project management. It also offers clients planning and design consulting services.
On November 14, 2023, STN announced that it will acquire ZETCON Engineering, helping it gain a strong presence in Germany's construction market. The acquisition aligns with STN's expansion strategy, setting it up for long term growth in Europe.
In terms of the trailing-12-month gross profit margin, STN's 54.41% is 78.4% higher than the 30.49% industry average. Likewise, its 9.22% trailing-12-month levered FCF margin is 54.1% higher than the industry average of 5.98%. Furthermore, the stock's 0.85x trailing-12-month asset turnover ratio is 6% higher than the industry average of 0.80x.
STN's net revenue for the third quarter, which ended on September 30, 2023, increased 13.5% year-over-year to CAD1.32 billion ($987.31 million). The company's adjusted EBITDA increased 24.8% over the previous year's quarter to CAD 241.30 million ($180.48 million).
The company's adjusted net income increased 33.4% over the prior year quarter to CAD126.70 million ($94.77 million). Also, its adjusted EPS came in at CAD1.14, representing an increase of 32.6% year-over-year.
Street expects STN's revenue and EPS for the quarter ending December 31, 2023, to increase 9.6% and 6.1% year-over-year to $914.29 million and $0.64, respectively. The company topped the Street EPS estimate in each of the trailing four quarters, which is remarkable. Over the past year, the stock has gained 64% to close the last trading session at $77.28.
STN's POWR Ratings reflect its solid prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Sentiment and a B for Growth, Momentum, Stability, and Quality. It is ranked #7 out of 41 stocks in the B-rated <a href="https://stocknews.com/category/outsourcing-business-services/">Outsourcing – Business Services</a> industry. In addition to the POWR Ratings highlighted above, one can access STN's Value rating <a href="https://stocknews.com/stock/STN/">here.</a>
ManpowerGroup Inc. (<a href="https://stocknews.com/stock/MAN/">MAN</a>)
MAN is a global provider of workforce solutions and services. The company offers permanent, temporary, and contract recruitment of professionals and administrative and industrial positions under the Manpower and Experis brands.
On August 4, 2023, MAN announced a new share repurchase program authorizing the buyback of up to 5 million shares, supplementing the existing repurchase program authorized in August 2021. This move signals the company's commitment to returning value to shareholders and reflects confidence in its financial position.
In terms of the trailing-12-month Return on Total Capital, MAN's 8.58% is 21% higher than the 7.09% industry average. Likewise, its 2.23x trailing-12-month asset turnover ratio is 178.6% higher than the industry average of 0.80x.
For the fiscal third quarter ended September 30, 2023, MAN's revenues from services amounted to $4.68 billion. Its gross profit stood at $821.90 million. The company's net earnings came in at $30.30 million. Also, its EPS came in at $0.60.
For fiscal 2024, MAN's EPS is expected to increase 0.4% year-over-year to $5.80. Over the past three months, the stock has gained 6.8% to close its last trading session at $79.58.
MAN's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Value and a B for Growth. It is ranked #10 among 19 stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-staffing-services/">Outsourcing – Staffing Services</a> industry. To see MAN's ratings for Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/MAN/">click here</a>.
Hudson Global, Inc. (<a href="https://stocknews.com/stock/HSON/">HSON</a>)
HSON provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services and RPO contracting services.
On November 1, 2023, HSON announced the acquisition of Hudson Global Resources (Singapore) Pte Ltd, significantly increasing its market presence in Southeast Asia.
HSON's CEO Jeff Eberwein said, "We believe a multi-service, total talent strategy consisting of recruitment services, contracting, project work, RPO, and MSP is essential to accelerate our growth in Asia, where RPO adoption has lagged that of other regions, and Hudson Singapore brings to Hudson RPO the complement of capabilities needed to execute on this strategy."
"Together, we believe we can achieve our Asia growth goals through cross-selling Hudson RPO's services among Hudson Singapore's diverse, blue chip client base as well as leveraging our recognition as a larger, full-service Asia enterprise to win new business and gain share in this important market," he added.
In terms of the trailing-12-month asset turnover ratio, HSON's 2.68x is 234.8% higher than the 0.80x industry average.
HSON's revenue for the third quarter that ended September 30, 2023, came in at $39.40 million. Its operating income increased 1.7% year-over-year to $1.28 million. Additionally, the company's adjusted net income and EPS stood at $755 thousand and $0.24, respectively. Also, its adjusted EBITDA stood at $2 million.
Analysts expect HSON's EPS for the quarter ending December 31, 2023, to increase 48.5% year-over-year to $0.49. Its revenue for the fiscal 2024 is expected to increase 4% year-over-year to $172.02 million. Over the past month, the stock has gained 3% to close the last trading session at $16.30.
It's no surprise that HSON has an overall rating of A, which translates to a Strong Buy in our POWR Ratings system.
It has an A grade for Value and Sentiment and a B for Quality. It is ranked first in the Outsourcing – Staffing Services industry. <a href="https://stocknews.com/stock/HSON/">Click here</a> to see the other ratings of HSON for Growth, Momentum, and Stability<a href="https://stocknews.com/stock/HSON/">.</a>
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
NRILY shares were trading at $27.65 per share on Wednesday afternoon, down $0.88 (-3.09%). Year-to-date, NRILY has gained 17.79%, versus a 26.26% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/nrily-stn-man-hson-4-outsourcing-stocks-with-year-end-potential/>4 Outsourcing Stocks With Year-End Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

4 Outsourcing Stocks With Year-End Potential

ClearBridge International Growth EAFE Strategy Q4 2023 Portfolio Manager Commentary

With the growing need for businesses to achieve flexibility and operational efficiency, the outsourcing industry looks well-positioned for long-term growth. Therefore, let us analyze whether outsourcing tech stocks Gartner (IT), Nomura Research (NRILY) and Wipro (WIT) are Buy or Sell now... Despite facing macroeconomic headwinds, the technology sector is expected to see robust long-term growth due to constant innovation and adaptability.
Given the industry's bright prospects, investors could consider buying fundamentally sound tech stocks Gartner, Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>) and Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>) for solid returns. However, I think it could be wise to wait for a better entry point in Wipro Limited (<a href="https://stocknews.com/stock/WIT/">WIT</a>) for reasons discussed throughout this article.
Before delving deeper into their fundamentals, let's discuss what's happening in the tech industry.
IT outsourcing is a strategic business approach in which companies hire external service providers to handle specific IT tasks or projects, allowing them to gain access to specialized skills, reduce costs, and increase efficiency by focusing on core competencies.
The global IT services outsourcing market is predicted to grow at an <a href="https://www.grandviewresearch.com/industry-analysis/it-services-outsourcing-market">8.0% CAGR</a> until 2030. The IT industry is predicted to expand significantly as demand for IT operations, data security, and customer-centricity rises, notably in the aerospace, defense, and BFSI sectors, as well as the need for IT strategy, architecture advisory, and digital transformation.
In addition, Statista forecasts the global IT services market will grow at a <a href="https://www.statista.com/outlook/tmo/it-services/worldwide">6.8% annual, resulting in a market of $1.77 trillion by 2028</a>. Moreover, investors' interest in tech stocks is evident from the Technology Select Sector SPDR ETF's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 11.1% returns over the past six months and 28% over the past nine months.
Let us dive deeper into the fundamentals of the featured stocks:
Stocks to Buy:
Gartner, Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>)
IT operates as a global research and advisory company. The firm operates through its three broad segments: Research; Conferences; and Consulting.
IT's trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a> of 370.99% is significantly higher than the 1.46% industry average, while its trailing-12-month ROTA of 12.85% is significantly higher than the industry average of 0.48%.
For the third quarter of the fiscal year 2023 ended September 30, IT's revenues increased 5.8% year-over-year to $1.41 billion. During the same period, the company's adjusted EBITDA increased marginally year-over-year to $333 million, while the net income increased 3.4% year-over-year to $180 million. The company's adjusted EPS came in at $2.56, up 6.2% year-over-year.
IT's revenue is expected to increase by 7.6% year-over-year to $6.36 billion for the year ending December 2024. Its EPS is expected to grow 7.6% year-over-year to $11.96 for the same period. It surpassed EPS estimates in all four trailing quarters. IT's shares have gained 33% over past year to close the last trading session at $441.56.
IT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
IT has an A grade for Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing – Tech Services</a> industry, it is ranked #3 out of 9 stocks. To see additional POWR Ratings for Growth, Value, Stability, Sentiment, and Momentum for IT, <a href="https://stocknews.com/stock/IT/">click here</a>.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Headquartered in Tokyo, Japan, NRILY offers consulting, financial, and industrial IT solutions and IT platform services. Its segments include Consulting, Financial IT Solutions, Industrial IT Solutions, and IT Infrastructure Services. The company provides management and system consulting, system development, and operational solutions for various sectors, such as finance, manufacturing, and public services.
NRILY's trailing-12-month ROTC of 11.02x is 273.3% higher than the industry average of 2.95x. Its trailing-12-month ROTA of 9.07% is significantly higher than the industry average of 0.48%.
NRILY's revenue for the six months ended September 30, 2023, increased 6.8% year-over-year to ¥362.07 billion ($2.43 billion). The company's operating profit increased 6.5% over the prior-year period to ¥58.87 billion ($394.96 million). Also, its profit attributable to owners of parent and EPS came in at ¥37.66 billion ($252.66) and ¥64.09, up 5% and 5.7% year-over-year, respectively.
The consensus revenue estimate of $5.21 billion for the year ending March 2024 represents a 58.7% increase year-over-year. Shares of NRILY has gained 27.2% over the past year to close the last trading session at $30.15.
NRILY's positive outlook is reflected in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
NRILY has an A grade for Stability and a B for Quality. It ranks #6 in the same industry. <a href="https://stocknews.com/stock/NRILY/">Click here</a> to access additional NRILY ratings (Value, Growth, Momentum and Sentiment).
Stock to Hold:
Wipro Limited (<a href="https://stocknews.com/stock/WIT/">WIT</a>)
Based in Bengaluru, India, WIT is a global information technology, consulting, and business process services company. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE).
WIT's trailing-12-month ROCE of 16.44% is significantly higher than the industry average of 1.46%. However, its trailing-12-month gross profit margin of 29.55% is 40.2% lower than the industry average of 49.41%.
For the fiscal third quarter that ended September 30, 2023, WIT's revenues amounted to ₹225.16 billion ($2.70 billion), decreased marginally year-over-year.
Its gross profit for the period increased 7.2% year-over-year to ₹65.97 billion ($791.34 million). The company's profit for the period rose 0.7% over the prior-year quarter to ₹26.67 billion ($319.92 million). Its EPS attributable to equity holders of the company increased 3.9% over the prior-year quarter to ₹5.04.
Street expects WIT's revenue to decrease 2% year-over-year to $10.85 billion for the fiscal year ending March 2024. Its EPS is expected to grow marginally year-over-year to $0.26 for the same period. Shares of WIT has gained 13.7% over the past year to close the last trading session at $5.38.
WIT has an overall C rating, equating to a Neutral in our POWR Ratings system. It has a C grade for Value, Sentiment and Momentum. It is ranked #8 in the same industry.
Beyond what is stated above, we've also rated WIT for Growth, Stability and Quality. Get all WIT ratings <a href="https://stocknews.com/stock/WIT/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
IT shares were trading at $436.24 per share on Thursday morning, down $5.32 (-1.20%). Year-to-date, IT has declined -3.30%, versus a -0.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/it-wit-nrily-analyzing-2024-buy-and-sell-potential-of-3-outsourcing-tech/>Analyzing 2024 Buy and Sell Potential of 3 Outsourcing Tech Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Analyzing 2024 Buy and Sell Potential of 3 Outsourcing Tech Stocks

ClearBridge International Growth ADR Strategy Q4 2023 Portfolio Manager Commentary

The technology industry expects growth in 2024, fueled by digital transformation and the rise of DaaS and AI markets, with increased cloud adoption and pandemic-accelerated trends in remote work practices. Hence, fundamentally strong tech stocks Panasonic Holdings (PCRFY), Nomura Research Institute (NRILY), and Brother Industries (BRTHY) might be solid buys for investors. Read more… The global technology industry is expected to thrive in 2024, fueled by an upturn in revenue and earnings growth, sustained demand for digital transformation, and reasonable valuations, particularly in software and internet services.
Therefore, investors could consider investing in top tech stocks Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), and Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>).
The Consumer Technology Association (CTA) forecasts a 2.8% year-over-year growth in retail revenues for the U.S. consumer technology industry in 2024, <a href="https://www.prnewswire.com/news-releases/consumer-technology-association-forecast-us-tech-industry-revenue-to-rise-2-8-in-2024--302027266.html">reaching $512 billion</a>, driven by lower prices of tech products due to industry innovation and efficiency gains.  
Rising spending is propelled by a 6% increase in audio streaming, 4% in video streaming, and significant contributions from the gaming sector with product refreshes and AI integration.
Outside of the United States, the Japanese tech market offers a lucrative investment spot as home to a significantly <a href="https://www.statista.com/topics/7755/it-industry-in-japan/#topicOverview">large Information Technology (IT) industry</a>. The pandemic has also expedited a boost in automation and an openness toward outsourcing in the country. In 2024, the global IT services market projects revenue to reach $1.36 billion, and it is expected to grow at a <a href="https://www.statista.com/outlook/tmo/it-services/worldwide">CAGR of 6.8%</a> to reach $1.77 billion by 2028.
The swift pace of technological advancement is driving an ongoing need for faster and more sophisticated electrical goods. The development of cutting-edge electronic products is anticipated to be propelled by digital innovations such as AI, Internet of Things (IoT), AR/VR, and 5G communication.
In addition, the global Device as a Service (DaaS) market is on the rise, driven by the demand for subscription models and increased cloud adoption, further boosted by the impact of the pandemic, which accelerated digital transformation and remote work trends.
The global device-as-a-service market is anticipated to expand at a <a href="https://www.grandviewresearch.com/industry-analysis/device-as-a-service-market-report">CAGR of 29.1%</a> from 2023 to 2030.
Considering these conducive trends, let's examine the fundamentals of the three tech stock picks.
Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>)
Headquartered in Kadoma, Japan, PCRFY is a global electronics company known for developing and selling a wide range of products, from household appliances to automotive technologies. Its operations span lifestyle, automotive, connect, industry, and energy segments.
On January 9, 2024, PCRFY announced a collaboration with Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) to incorporate Fire TV into its smart TVs from 2024, offering users a personalized and seamless viewing experience. The collaboration aims to enhance image and sound quality while providing connectivity across devices.
New products with Fire TV as the operating system will prioritize enhancing the experiential value of smart TVs.
PCRFY's trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">ROTA</a> of 4.89% is 22.5% higher than the industry average of 4%. Its 4.82% trailing-12-month CAPEX/Sales is 58.7% higher than the 3.04% industry average.
In the second quarter that ended September 30, 2023, PCRFY generated net sales of ¥2.09 trillion ($14.36 billion). The company's gross profit and net profit grew 8.2% and 44.2% year-over-year to ¥606.71 billion ($4.17 billion) and ¥91.47 billion ($628.37 million), respectively. Moreover, its EPS attributable to PCRFY stockholders rose 49.7% from the previous-year quarter to ¥37.45.
PCRFY's revenue and EPS are expected to grow significantly and 45.2% year-over-year to $57.60 billion and $1.22, respectively, for the fiscal year ending March 2024. The company surpassed the revenue and EPS estimates in three of the trailing four quarters, which is impressive.
PCRFY's shares have gained 13.7% over the past year to close the last trading session at $9.77.
PCRFY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its optimistic prospects. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
PCRFY has an A grade for Value and a B for Momentum and Stability. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, it is ranked #4 among 36 stocks.
In addition to the POWR Ratings stated above, one can access PCRFY's additional Growth, Sentiment, and Quality ratings <a href="https://stocknews.com/stock/PCRFY/">here</a>.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Based in Tokyo, Japan, NRILY offers consulting, financial IT solutions, and industrial IT solutions globally, serving enterprises and government agencies across diverse sectors. The company specializes in management consulting, financial technology solutions, and IT platform services.
On December 18, 2023, NRILY launched "AI Red Team," a security assessment service for systems employing generative AI, particularly Large Language Models. The service simulates attacks to identify and address vulnerabilities in AI systems, offering a thorough two-stage assessment.
Additionally, the company plans to launch the "AI Blue Team" service for continuous security monitoring of generative AI applications in April 2024.
NRILY's trailing-12-month EBIT margin of 15.68% is 218.8% higher than the industry average of 4.92%. Its 22.22% trailing-12-month EBITDA margin is 136.1% higher than the 9.42% industry average.
During the six months, which ended September 30, 2023, NRILY's revenue increased 6.8% year-over-year to ¥362.07 billion ($2.49 billion). The company reported gross profit and operating profit of ¥128.37 billion ($881.93 million) and ¥58.87 billion ($404.40 million), up 9.3% and 6.5% from the prior-year quarter, respectively.  Moreover, its EPS grew 5.7% from the previous-year quarter to ¥64.09.
For the fiscal year ending March 31, 2024, the company expects its revenue and operating profit to grow 6.2% and 7.3% from the previous fiscal year to ¥735 billion ($5.05 billion) and ¥120 billion ($824.40 million), respectively.
Analysts expect NRILY's revenue to grow 54.2% year-over-year to $5.06 billion for the fiscal year ending March 2024.
The stock has gained 27.6% over the past nine months to close the last trading session at $30.48.
NRILY's positive fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Stability and a B for Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry, it is ranked #5 of nine stocks.
To see NRILY's additional POWR Ratings for Growth, Value, Momentum, and Sentiment, click <a href="https://stocknews.com/stock/NRILY/">here</a>.
Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
Headquartered in Nagoya, Japan, BRTHY manufactures and sells communication and printing equipment globally, encompassing segments like inkjet printers; industrial sewing machines; and online karaoke systems. Its products cater to a wide range of markets and regions.
BRTHY's trailing-12-month EBIT margin of 7.70% is 56.5% higher than the industry average of 4.92%. Its 4.61% trailing-12-month net income margin is 95.5% higher than the 2.36% industry average.
On June 8, 2023, BRTHY paid an interim dividend of ¥34 per common share. The company pays $0.94 annually, which translates to a yield of 2.95% on the prevailing price level. Its four-year average dividend yield is 3.05%. Moreover, the company boasts a 33-year record for consecutive years of dividend payments.
In the second quarter, which ended September 30, 2023, BRTHY's revenue rose 1.2% from the previous-year quarter to ¥199,23 billion ($1.36 billion). The company's gross profit and operating profit increased 14.9% and 42.2%, respectively, year-over-year to ¥85.64 billion ($588.34 million) and ¥17.70 billion ($121.61 million). Moreover, it reported an EPS of ¥49.39.
For the fiscal year ending March 31, 2024, the company expects its revenue and operating profit to grow marginally and 26.4% year-over-year to ¥820 billion ($5.63 billion) and ¥70 billion ($480.90 million), respectively.
Street expects BRTHY's revenue to grow 68.8% year-over-year to $5.78 billion for the fiscal year ending March 2024.
BRTHY's shares have gained 15.5% over the past six months to close the last trading session at $31.99.
BRTHY's POWR Ratings reflect a robust outlook. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and a B for Momentum, Stability, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry, it is ranked first among 41 stocks.
Click <a href="https://stocknews.com/stock/BRTHY/">here</a> for BRTHY's additional Growth and Sentiment ratings.
What To Do Next? 
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.  
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
PCRFY shares were trading at $9.55 per share on Tuesday afternoon, down $0.22 (-2.25%). Year-to-date, PCRFY has declined -2.95%, versus a -0.22% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/pcrfy-nrily-brthy-amzn-3-tech-stocks-edging-out-competitors/>3 Tech Stocks Edging Out Competitors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Edging Out Competitors

The technology services industry is expected to see long-term growth as a result of increased digital transformation and the use of emerging technologies. So, it could be wise to invest in quality tech Nomura Research (NRILY), Science Applications International (SAIC), and AUO Corporation (AUOTY). Read on... Despite macroeconomic challenges, the technology industry is predicted to grow steadily over the long term, thanks to strong investment in R&amp;D, constant innovation, and adaptability.
Given the industry's growth prospects, investors could consider buying fundamentally sound tech stocks Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), Science Applications International Corporation (<a href="https://stocknews.com/stock/SAIC/">SAIC</a>), and AUO Corporation (<a href="https://stocknews.com/stock/AUOTY/">AUOTY</a>) for solid returns.
Before discussing the fundamentals of these stocks in detail, let's see what's driving the prospects of the tech industry.
According to the Consumer Technology Association&#xAE;, retail revenues in the United States consumer technology industry will increase by <a href="https://www.prnewswire.com/news-releases/consumer-technology-association-forecast-us-tech-industry-revenue-to-rise-2-8-in-2024--302027266.html#:~:text=CTA%20says%20the%20U.S.%20consumer,up%20%2414%20billion%20from%202023).&amp;text=CTA%20chart%20showing%20changes%20in,2019%20to%202024%20(projected).">2.8% to $512 billion in 2024</a> (up $14 billion from 2023). This indicates an increase in consumer spending on technology products and services, according to the CTA's one-year industry forecast.
The global digital transformation market is estimated to reach $4.62 trillion by 2030, growing at a <a href="https://www.whatech.com/og/markets-research/it/773058-digital-transformation-market-size-industry-growth-sector-analysis-by-2030-factview-research#:~:text=The%20Global%20Digital%20Transformation%20Market,%25%20during%20the%20forecast%20period..">CAGR of 26.2%</a>. The expansion of digital technologies in industries such as healthcare, retail, and manufacturing is being driven by operational efficiency, customer experience, and emerging technologies such as AI and IoT.
Furthermore, the information technology market is anticipated to reach $12.42 trillion by 2028 at a <a href="https://www.thebusinessresearchcompany.com/report/information-technology-global-market-report#:~:text=The%20information%20technology%20market%20size,(CAGR)%20of%206.2%25.">CAGR of 8.3%</a>. Investors' interest in tech stocks is evident from the iShares U.S. Technology ETF's (<a href="https://stocknews.com/stock/IYW/">IYW</a>) 25.8% returns over the past three months.
Considering these conducive trends, let's take a look at the fundamentals of the three best tech stocks.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Based in Tokyo, Japan, NRILY provides management and system consulting, financial IT solutions for institutions, industrial IT solutions for various sectors, and IT platform services globally. It also operates data centers while providing information security services.
NRILY's forward EV/EBITDA of 15.52x is marginally lower than the industry average of 15.62x.
NRILY's trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a> of 20.55% is significantly higher than the industry average of 1.74%. Its trailing-12-month ROTA of 9.07% is significantly higher than the industry average of 0.70%.
For the six months ended September 30, 2023, NRILY generated revenue and gross profit of ¥362.07 billion ($2.47 billion) and ¥128.37 billion ($873.99 million), up 6.8% and 9.3% year-over-year, respectively.
The company reported EPS of ¥64.09, up 5.7% from the previous-year quarter. Its cash and cash equivalents at the end of the period increased 7.8% from the prior-year quarter to ¥125.21 billion ($852.44 million).
The consensus revenue estimate of $5 billion for the year ending March 2024, increased 52.3% year-over-year. NRILY's shares have gained 21.7% over the past year to close the last trading session at $29.50.
NRILY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
NRILY also has an A grade for Stability and a B for Quality. It is ranked #5 out of 9 stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry. <a href="https://stocknews.com/stock/NRILY/">Click here</a> for the additional POWR Ratings for Growth, Value, Sentiment and Momentum for NRILY.
Science Applications International Corporation (<a href="https://stocknews.com/stock/SAIC/">SAIC</a>)
SAIC provides technical, engineering, and enterprise information technology services. The company serves the U.S. military and various intelligence community agencies, as well as U.S. federal civilian agencies.
SAIC's forward EV/Sales of 1.21x is 32.7% lower than the industry average of 1.79x. Its forward Price/Sales of 0.92x is 35.8% lower than the industry average of 1.44x.
SAIC's trailing-12-month ROCE of 29.14% is 136.6% higher than the 12.32% industry average. Its trailing-12-month asset turnover ratio of 1.36x is 68.9% higher than the 0.81x industry average.
For the third quarter that ended November 3, 2023, SAIC's revenues came in at $1.90 billion. Its adjusted operating earnings increased 7.5% from the year-ago value to $143 million. Also, its adjusted EBITDA and adjusted EPS came in at $178 million and $2.27, up 5.4% and 19.5% year-over-year, respectively.
Street expects SAIC's revenue to increase marginally year-over-year to $7.36 billion for the fiscal year ending January 2025. Its EPS is expected to grow 2.8% year-over-year to $8.11 for the same period. It surpassed EPS estimates in all the four trailing quarters. Shares of SAIC have gained 27.8% over past nine months to close the last trading session at $130.41.
SAIC's positive outlook is reflected in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
SAIC has a B grade for Value and Sentiment. It ranks #7 out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry. <a href="https://stocknews.com/stock/SAIC/">Click here</a> to access additional SAIC ratings (Growth, Stability, Momentum and Quality).
AUO Corporation (<a href="https://stocknews.com/stock/AUOTY/">AUOTY</a>)
Headquartered in Hsinchu City, Taiwan, AUOTY researches, develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays for various applications. It operates through two segments: Display and Energy.
AUOTY's forward EV/Sales of 0.75x is 74.3% lower than the industry average of 2.93x. Its forward Price/Sales of 0.59x is 79.9% lower than the industry average of 2.93x.
AUOTY's trailing-12-month CAPEX / Sales of 12.83% is 437.5% higher than the industry average of 2.39%.
For the fiscal third quarter that ended September 30, 2023, AUOTY's revenue increased 39.8% year-over-year to NT$70.71 billion ($2.26 billion). As of September 30, 2023, its total current assets stood at NT$146.24 billion ($4.67 billion), compared to NT$140.18 billion ($4.48 billion) as of December 31, 2022.
Also, its total assets stood at NT$388.98 billion ($12.43 billion), compared to NT$386.84 billion ($12.36 billion) for the same period.
Analysts expect AUOTY's revenue to come in at $8.42 billion for the year ending December 2024, increased 6.9% year-over-year. Its EPS is expected to grow at 41.6% for the same period. The stock has gained 26% over the past three months to close the last trading session at $5.96.
AOUTY has an overall B rating, equating to a Buy in our POWR Ratings system. It has a B grade for Growth and Momentum. It is ranked #6 out of 41 stocks in the B-rated <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry.
Beyond what is stated above, we've also rated AUOTY for Value, Stability, Sentiment and Quality. Get all AUOTY ratings <a href="https://stocknews.com/stock/AUOTY/">here</a>.
What To Do Next?
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<hr />
NRILY shares were unchanged in premarket trading Wednesday. Year-to-date, NRILY has gained 1.51%, versus a 3.28% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/nrily-saic-auoty-top-3-accelerating-tech-stocks-to-consider/>Top 3 Accelerating Tech Stocks to Consider</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Accelerating Tech Stocks to Consider

The growing need for businesses to achieve cost savings, flexibility and enhance efficiency fuels demand for the outsourcing industry. Therefore, it could be wise to buy fundamentally strong outsourcing stocks, Nomura Research Institute (NRILY), Franklin Covey (FC), and RCM Technologies (RCMT) for stable profits. Keep reading... The outsourcing market has been experiencing significant growth worldwide due growing number of businesses outsourcing operations, allowing them to emphasize core capabilities and improve their business. So, investors could buy outsourcing stocks, Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), Franklin Covey Co. (<a href="https://stocknews.com/stock/FC/">FC</a>), and RCM Technologies, Inc. (<a href="https://stocknews.com/stock/RCMT/">RCMT</a>) for stable profits.
An increasingly competitive environment from new outsourcing sites, along with the emphasis on firms running more cost-effectively, is expected to fuel the business process outsourcing market growth. Furthermore, the business process outsourcing market value is being propelled by aspects such as businesses' increased attention on enhancing efficiency and business agility lowering operational costs in order to withstand the continuously shifting business dynamics.
The global business process outsourcing market is expected to grow at a <a href="https://www.acumenresearchandconsulting.com/business-process-outsourcing-market">CAGR of 8.9%</a> until 2030.
In addition, the IT services outsourcing market is expected to grow well due to an increased demand for enhanced digital transformation and effective digital solutions. Also, increased use of Internet of things and the integration with various platforms is expected to create more demand for the services.
The global IT services outsourcing is expected to grow at a <a href="https://www.precedenceresearch.com/it-services-outsourcing-market">CAGR of 8.2%</a> until 2032.
Moreover, there is a rising demand for personalized learning and low-cost and scalable learning systems. Educators are outsourcing to improve learning and development, enhance efficiency, address skill shortages, and reduce costs. The global learning services outsourcing market is anticipated to grow at a <a href="https://www.cognitivemarketresearch.com/learning-services-outsourcing-market-report">CAGR of 5.6% until 2030</a>.
Considering these conducive trends, let's take a look at the fundamentals of the three best outsourcing stocks.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Headquartered in Tokyo, Japan, NRILY offers consulting, financial, and industrial IT solutions and IT platform services. Its segments include Consulting, Financial IT Solutions, Industrial IT Solutions, and IT Infrastructure Services. The company provides management and system consulting, system development, and operational solutions for various sectors, such as finance, manufacturing, and public services.
NRILY's trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a> of 21.55% is 823.8% higher than the 2.33% industry average. Its trailing-12-month ROTA of 9.55% is significantly higher than the industry average of 0.81%.
NRILY's revenue for the six months ended September 30, 2023, increased 6.8% year-over-year to ¥362.07 billion ($2.41 billion). The company's operating profit increased 6.5% over the prior-year period to ¥58.87 billion ($392.10 million). Also, its profit attributable to owners of parent and EPS came in at ¥37.66 billion ($250.83) and ¥64.09, up 5% and 5.7% year-over-year, respectively.
The consensus revenue estimate of $4.92 billion for the year ending March 2024 represents a 50% increase year-over-year. Shares of NRILY has gained 22.5% over the past year to close the last trading session at $27.20.
NRILY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
NRILY has an A grade for Stability and a B in Quality. It is ranked #4 out of 9 stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry.  
<a href="https://stocknews.com/stock/NRILY/">Click here</a> to see the additional POWR Ratings for NRILY (Momentum, Value, Sentiment, and Growth).
Franklin Covey Co. (<a href="https://stocknews.com/stock/FC/">FC</a>)
FC provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices; International Licensees; and Education Practice segments.
FC's trailing-12-month gross profit margin of 76.20% is 150.2% higher than the industry average of 30.45%. Its trailing-12-month levered FCF margin of 13.81% is 114.5% higher than the industry average of 6.44%.
During the fiscal 2024 first quarter that ended November 30, 2023, FC's revenue stood at $68.40 million. Its gross profit stood at $52.28 million. Furthermore, FC's net income stood at $11.29 million and $0.37 per share up marginally year-over-year, respectively.
The consensus revenue estimate of $79.70 million for the third quarter ending May 2024 represents 11.6% increase year-over-year. Its EPS is expected to increase 46.1% year-over-year to $0.47 for the same quarter. It surpassed EPS estimates in three of four trailing quarters, which is impressive.
FC's shares have gained 5.3% over the past nine months to close the last trading session at $38.69.
FC's POWR Ratings reflect its positive outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Quality. The stock is ranked #7 out of 21 stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-education-services/">Outsourcing - Education Services</a> industry.
Beyond what is stated above, we've also rated for Stability, Growth, Value, Sentiment, and Momentum. Get all FC ratings <a href="https://stocknews.com/stock/FC/">here</a>.
RCM Technologies, Inc. (<a href="https://stocknews.com/stock/RCMT/">RCMT</a>)
RCMT provides business and technology solutions globally through three segments: Engineering; Specialty Health Care; and Life Sciences and Information Technology. The company's diverse services encompass engineering, healthcare staffing, and life sciences solutions, serving various industries.
In terms of the trailing-12-month net income margin, RCMT's 6.25% is 6% higher than the 5.90% industry average. Likewise, its 56.50% trailing-12-month ROCE is 358.7% higher than the 12.32% industry average.
RCMT's revenue for the fiscal third quarter ended September 30, 2023, stood at $58.05 million. Its adjusted EBITDA came in at $4.62 million. The company's net cash provided by operating activities rose significantly year-over-year to $11.04 million. Its net income rose 6.8% over the prior-year quarter to $3.76 million. Also, its EPS came in at $0.46, representing an increase of 39.4% year-over-year.
Analysts expect RCMT's EPS and revenue for the quarter ending December 31, 2024, to increase 14.4% and 9.6% year-over-year to $2.22 and $2289.88 million, respectively. It surpassed the consensus EPS and revenue estimates in three of the trailing four quarters.
The stock gained 81.3% over the past nine months to close the last trading session at $28.19.
RCMT's robust prospects are reflected in its POWR Ratings. The stock has an overall B rating, equating to a Buy in our proprietary rating system.
The stock has an A grade for Quality and a B in Value. It is ranked #4 in the 18-stock in the A-rated <a href="https://stocknews.com/category/outsourcing-staffing-services/">Outsourcing - Staffing Services</a> industry.
To access RCMT's additional ratings for Stability, Growth, Sentiment, and Momentum, Click <a href="https://stocknews.com/stock/RCMT/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
NRILY shares were trading at $27.09 per share on Wednesday afternoon, down $0.11 (-0.40%). Year-to-date, NRILY has declined -6.78%, versus a 4.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/nrily-fc-rcmt-3-outsourcing-stocks-for-stable-profits/>3 Outsourcing Stocks for Stable Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Outsourcing Stocks for Stable Profits

The tech outsourcing sector's growth prospects appear promising due to investments in digital transformation, the need for operational efficiencies and cost savings, and the adoption of the latest technologies. Therefore, it could be wise to consider investing in fundamentally strong outsourcing tech stocks such as Nomura Research Institute (NRILY), Cognizant Technology Solutions (CTSH), and The Hackett Group (HCKT). Read more... The outsourcing of tech services is expanding due to advancements such as chatbots, AI for personalized experiences, big data analytics, cloud migrations, and robotic process automation. These technologies improve efficiency, reduce costs, and offer innovative solutions, driving the sector's growth.
Amid this backdrop, it could be wise to consider buying fundamentally strong outsourcing tech stocks, Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), Cognizant Technology Solutions Corporation (<a href="https://stocknews.com/stock/CTSH/">CTSH</a>), and The Hackett Group, Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>).
Tech outsourcing has progressed beyond mere cost reduction. It benefits from access to specialized expertise and staying ahead with trends like AI, cloud computing, cybersecurity, and remote work solutions. These factors drive businesses to adopt outsourcing services for enhanced efficiency and innovation.
The global IT services market is projected to grow at a CAGR of 6.8% and reach revenues of <a href="https://www.statista.com/outlook/tmo/it-services/worldwide">$1.77 trillion by 2028</a>.
Furthermore, the popularity of cloud services is fueling the growth of the IT outsourcing sector. Companies are outsourcing their cloud computing projects to third-party cloud service providers for a fee. This helps them reduce IT costs, boost scalability and flexibility, and focus on core competencies.
The IT outsourcing market is expected to grow considerably, from $129.13 billion in 2024 to $171.50 billion by 2028, at a <a href="https://www.thebusinessresearchcompany.com/report/it-outsourcing-global-market-report">7.4% CAGR</a>.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry picks, beginning with the third choice.
Stock #3: Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Headquartered in Tokyo, Japan, NRILY offers consulting, financial, and industrial IT solutions and IT platform services. Its segments include Consulting, Financial IT Solutions, Industrial IT Solutions, and IT Infrastructure Services. The company provides management and system consulting, system development, and operational solutions for various sectors, such as finance, manufacturing, and public services.
On March 11, 2024, NRILY announced the introduction of Nomura Capital Management LLC (NCM), consolidating the firm's asset and investment management capabilities in the Americas to serve institutional and intermediary clients better, focusing on credit market expertise and growth opportunities.
In terms of the trailing-12-month net income margin, NRILY's 11.34% is 313.3% higher than the 2.74% industry average. Likewise, its 16.07% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT margin</a> is 225.1% higher than the industry average of 4.94%. Furthermore, the stock's 0.85x trailing-12-month asset turnover ratio is 37.4% higher than the industry average of 0.62x.
NRILY's net revenue for the nine months ended December 31, 2023, increased 10.5% year-over-year to ¥1.12 trillion ($7.37 billion). Likewise, its net income attributable to NRILY shareholders came in at ¥109.11 billion ($719.53 million) or ¥34.69 per share, up 27.8% and 26.4% over the prior-year quarter, respectively.
Also, its total assets as of December 31, 2023, stood at ¥54.75 trillion ($361.06 billion) compared to ¥47.77 trillion ($315.02 billion) as of March 31, 2023.
For the quarter ending September 30, 2024, NRILY's revenue is expected to increase 5.8% year-over-year to $1.30 billion. Over the past year, the stock has gained 17.7% to close the last trading session at $27.48.
NRILY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #3 out of 9 stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry. It has an A grade for Stability and a B for Quality. <a href="https://stocknews.com/stock/NRILY/">Click here</a> to see NRILY's ratings for Growth, Value, Momentum, and Sentiment.
Stock #2: Cognizant Technology Solutions Corporation (<a href="https://stocknews.com/stock/CTSH/">CTSH</a>)
CTSH is a professional services company that provides consulting technology and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media, and Technology.
On April 2, 2024, CTSH announced a new agreement with McCormick &amp; Company, Inc. (MKC), aimed at transforming and managing MKC's global technology infrastructure to enhance employee and customer experiences, with a focus on AI automation tools and delivering predictable business outcomes over the next five years.
On March 28, 2024, CTSH announced an extended collaboration with LexisNexis Legal &amp; Professional. The multi-year agreement focuses on providing cloud and digital engineering services to enhance the customer experience with LexisNexis' next-gen legal research solution in the U.S. and Canada. It mainly emphasizes improving search capabilities and overall customer satisfaction.
In terms of the trailing-12-month EBITDA margin, CTSH's 17.66% is 86.3% higher than the 9.48% industry average. Likewise, its 10.99% trailing-12-month net income margin is 300.3% higher than the 2.74% industry average. Additionally, its 12.91% trailing-12-month Return on Total Capital is 398.3% higher than the 2.59% industry average.
CTSH's revenues for the fourth quarter ended December 31, 2023, came in at $4.76 billion. The company's adjusted income from operations grew 11.4% from the year-ago value to $764 million. In addition, its net income and adjusted EPS were $558 million and $1.18, up 7.1% and 16.8% year-over-year, respectively.
Street expects CTSH's EPS for the quarter ending June 30, 2024, to increase 0.8% year-over-year to $1.11. Its revenue for the quarter ending September 30, 2024, is expected to increase 0.5% year-over-year to $4.92 billion. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 17.3% to close the last trading session at $71.13.
CTSH's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Quality. Within the same industry, it is ranked #2. <a href="https://stocknews.com/stock/CTSH/">Click here</a> to access CTSH's Growth, Value, Momentum, Stability, and Sentiment ratings.
Stock #1: The Hackett Group, Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>)
HCKT is a global strategic advisory and technology consulting firm. It has three segments: Global Strategy &amp; Business Transformation, Oracle Solutions, and SAP Solutions. The company provides online resources, best practice accelerators, advisory services, research insights, peer interaction, benchmarking services, business transformation practices, and Oracle and SAP solutions for clients' specific needs.
On January 16, 2024, HCKT and Civic Initiatives, LLC, announced a strategic agreement to collaborate in public procurement. The deal combines expertise in benchmarking and advisory services to offer enhanced solutions to clients in the public sector and higher education.
HCKT's Principal and Global Procurement Advisory Practice Leader, Chris Sawchuk, said, "The partnership with Civic Initiatives opens up exciting opportunities to leverage our expertise in benchmarking and advisory services. Together, we aim to bring innovative solutions to public procurement challenges and create lasting impact."
In terms of the trailing-12-month EBIT margin, HCKT's 19.14% is 287.4% higher than the 4.94% industry average. Likewise, its 28.58% trailing-12-month Return on Total Capital is considerably higher than the industry average of 2.59%. Furthermore, the stock's 1.59x trailing-12-month asset turnover ratio is 157% higher than the industry average of 0.62x.
For the fiscal fourth quarter ended December 29, 2023, HCKT's total revenues increased 3.3% year-over-year to $72.40 million. Its operating income came in at $11.48 million. In addition, the company's adjusted net income came in at $10.83 million. Its adjusted net income per common share stood at $0.39, representing an increase of 8.3% over the prior-year quarter.
Analysts expect HCKT's EPS and revenue for the quarter ended March 31, 2024, to increase 0.9% and 4.5% year-over-year to $0.37 and $74.43 million, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 26.2% to close the last trading session at $23.32.
It's no surprise that HCKT has an overall rating of B, which translates to a Buy in our POWR Ratings system.
It has an A grade for Sentiment and a B for Stability and Quality. It is ranked first in the Outsourcing – Tech Services industry. Beyond what we stated above, we also have given HCKT grades for Growth, Value, and Momentum. Get all the HCKT ratings <a href="https://stocknews.com/stock/HCKT/">here</a>.
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<hr />
CTSH shares were trading at $70.99 per share on Monday morning, down $0.14 (-0.20%). Year-to-date, CTSH has declined -5.65%, versus a 9.47% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ctsh-nrily-hckt-3-outsourcing-tech-stocks-driving-returns/>3 Outsourcing Tech Stocks Driving Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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