Revealed: 3 hot tech shares to watch

Are you looking for the next Altium Limited (ASX:ALU) or Appen Ltd (ASX:APX)? Then check out these ASX tech stocks…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Altium Limited (ASX: ALU) and Appen Ltd (ASX: APX) have certainly made a lot of shareholders happy.

But they're not the only tech stocks on the ASX that are worth a look.

Check these out…

Gentrack Group Ltd (ASX: GTK)

Gentrack (with a market value of about $470 million) supplies "essential operations software and consultancy services to over 150 utilities and airports in 20 countries".

It was founded over 25 years ago and has a long history of profitable growth.

Recently, the company upgraded its operating profit guidance for 2017 from NZ$20 million to NZ$24 million, a healthy 20% increase.

And last month it opened a new office in Singapore.

The Gentrack share price dropped by 3.2% on Tuesday and closed at $5.44, which might provide an opening.

Hansen Technologies Limited (ASX: HSN)

Hansen Technologies provides billing and customer care technologies for utilities, telcos and pay-TV to 600 clients in more than 80 countries.

Hansen, with a market cap of about $647 million, reported revenue of $174.7 million for FY2017, up 17.3% on the previous year.

The tech company's share price has dipped in the past year, going from $4.05 to close on Tuesday at $3.43.

And while its EBITDA dropped from $45.4 million for FY 2016 to $45.1 million for FY 2017, the company expects to boost profits for 2018.

Infomedia Limited (ASX: IFM)

Infomedia Limited develops and provides Software as a Service (SaaS) to the parts and services sector of the automotive industry.

Infomedia (with a market cap of $247 million) supplies online parts selling systems, data analysis, information research and other services.

It's been an up-and-down year for the Infomedia Limited share price, eventually gaining 8% over that period of time to settle on Tuesday at 79.5 cents.

While those ASX tech stocks are definitely worth a closer look there are plenty more out there.

If you're interested in learning more, you might want to have a look at these…

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »