Altium Limited (ASX: ALU) shares, Hansen Technologies Limited (ASX: HSN) shares and Technology One Limited (ASX: TNE) shares have performed strongly over the past five years.
ASX tech shares outperforming
Altium has been a standout performer. The $1.2 billion company has created leading software for customers who design printed circuit boards – the little green boards inside electrical devices. With a good cash balance, the company pays a 3.1% dividend.
Hansen Technologies is a little-known company, despite it boasting a market capitalisation of $650 million. The company develops customer billing software which is sold globally. Pleasingly, Hansen Technologies shares pay a 2% dividend.
Finally, Technology One is an enterprise software company. What does that mean? Technology One develops IT solutions for businesses, helps them implement the systems and supports them with ongoing support. It pays a 1.5% dividend.
Foolish Takeaway
You may – or may not – have heard of these three growing technology businesses.
I think each of them deserves a spot on a long-term investor's watchlist. However, I'm reluctant to buy shares in any of them at today's prices. I'm waiting for a more compelling valuation.
