Let's get technical! 5 best All Ords tech shares of the quarter revealed

Beating out a bad quarter for the sector, these tech shares stood out above the rest…

| More on:
Five people in an office high five each other.

Image source: Getty Images

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

It was a rather uninspiring quarter for the All Ordinaries Index (ASX: XAO) during the first three months of the year. For those holding ASX tech shares, the stretch of time was particularly disappointing.

The invasion of Ukraine by Russia, paired with increased expectations of higher interest rates, led to a dismal 0.1% return during the period for the All Ords. Meanwhile, the information technology sector suffered a near 14% blow.

Nonetheless, there were some tech names that were able to expunge the negativity. So, let's peer into the top five ASX tech shares in the All Ords of the last quarter.

Which 5 ASX All Ords tech shares stayed positive?

Data#3 Limited (ASX: DTL)

With it being such a challenging month for tech shares across the board, it didn't take much to make the top five tech shares in the All Ords this time around. That being said, IT solutions provider Data#3 scraped in with a flimsy 0.34% gain during the quarter.

The company's share price was saved from a lacklustre quarter in February when it released its first-half results for FY22. A 16% bump in revenue to $999.3 million and a 32% increase in net profit after tax (NPAT) gave investors renewed hope.

Rubicon Water Ltd (ASX: RWL)

A new entrant to the ASX All Ords tech share club, Rubicon Water managed to give shareholders some sunshine. The water technology solutions company bounced off its February low of $1.14 to finish the quarter 1.4% higher at $1.50.

At a quick glance, there were two notable items for the $250 million company between January and March. Firstly, Rubicon found itself being added to the ASX All Ords after debuting on the market in August last year. Secondly, the company released its FY22 first-half results. However, most figures represented a decline from the previous corresponding period.

Hansen Technologies Limited (ASX: HSN)

Making the podium as one of the best ASX All Ord tech shares during the quarter is Hansen Technologies. This billing solutions provider crept 7.3% higher to $5.74 per share while much of the tech category suffered.

It seems shareholders' optimism was fortified by the company's solid first-half results. A 13% lift in underlying NPAT and a retained FY2022 guidance will do that. Additionally, Hansen announced it signed a master agreement with Fortune 100 Energy giant Exelon Corporation on 15 March.

Computershare Limited (ASX: CPU)

Stock transfer company Computershare gave its investors something to celebrate in the last quarter. With a share price gain of 23.5% over the three-month period, the ASX All Ords tech share makes the leaderboard.

Overall, sentiment continued to improve for the Aussie company following its first-half results in February. Positively, management revenue increased 4.6% to US$1.2 billion. However, a 2% to 9% improvement in full-year guidance might have been the real star of the show.

BrainChip Holdings Ltd (ASX: BRN)

Finally, the MVP of ASX All Ords tech shares at the end of the quarter is none other than BrainChip Holdings. Despite falling from a new all-time high set in January of $1.76, the artificial intelligence chip developer posted a quarterly gain of 41.9%.

It was a fast-paced period for BrainChip, notching up an extra couple of patents and gaining Depository Trust Company approval. However, the company's widening losses of $19.5 million for FY21 took some of the gusto out of its sails.

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Hansen Technologies. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Technology Shares

A man sits in contemplation on his sofa looking at his phone as though he has just heard some serious or interesting news.
Technology Shares

Up 60% in two months, is it too late to buy Pro Medicus shares?

Pro Medicus has been delivering solid returns for years. Can the trend continue?

Read more »

Group of people in a gym high five each other surrounded by gym equipment.
Mergers & Acquisitions

This ASX tech stock is hitting a record high on acquisition news

The market is responding positively to this news. Let's dig deeper into it.

Read more »

A man in a suit face palms at the downturn happening with shares today.
Technology Shares

Guess which ASX 300 share is crashing 17% on shock news

Investors are rushing to the exits on Thursday. Let's find out why.

Read more »

Cheerful boyfriend showing mobile phone to girlfriend in dining room. They are spending leisure time together at home and planning their financial future.
Technology Shares

These were the best ASX 200 tech stocks to buy in May

Shareholders of these shares were smiling last month. But why?

Read more »

A woman smiles as she sits on the bus using her phone and listening to music through headphones.
Technology Shares

Here's why I think these ASX tech shares are buys in June

These stocks have loads of potential.

Read more »

A young man wearing a black and white striped t-shirt looks surprised.
Technology Shares

Why did the Life360 share price rocket 51% in May?

This ASX 200 stock smashed the market last month with an incredible gain.

Read more »

Man ponders a receipt as he looks at his laptop.
Technology Shares

Up 30% since April, are Xero shares still a buy?

Xero shares have surged 30% since April, but can this SaaS leader's share price keep rising?

Read more »

A man and a woman sitting in a technology-related work environment high five each other while the man wears headphones around his neck and the woman sits in front of a laptop.
Share Market News

Strong gains for Wisetech, TechnologyOne, and Catapult amid ASX 200 tech sector lead

ASX technology shares led the market with a 3.85% increase while the ASX 200 lifted 0.88% last week.

Read more »