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<WIRE> APM Human Services International (ASX:APM) Announces Executive Team Update

APM Human Services International (ASX:APM) has announced an update to their executive team structure.

Matthew Cooper, the company’s deputy CFO, has been promoted to the position of CFO.

The current CFO, while not named in the announcement, will reportedly transition into a new role as Chief Operations Officer for business services.

APM Human Services International is known for providing various human services including employment, health, and community services.



<WIRE> Computershare (ASX:CPU) Announces Sale of U.S. Mortgage Services Business to Rithm Capital Corp

Computershare (ASX:CPU) has disclosed its plans to sell its U.S.

Mortgage Services business.

The operation is to be taken over by Rithm Capital Corp in a deal estimated to be worth US$720 million.

A definitive agreement has been entered into by the two parties, with completion of the transaction projected for early Q4 FY24.

This transaction is anticipated to be EPS accretive in its first full year following the divestiture.

Computershare (ASX:CPU) is a technology company specializing in financial services and investment consulting.


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<WIRE> Computershare (ASX:CPU) Announces Sale of US Mortgage Services Business

Computershare has disclosed its intention to divest its U.S.

Mortgage Services Business.

The deal is estimated at a consideration of US$720 million and it was announced that a definitive agreement for the deal has been signed with Rithm Market Announcement Capital Corp.

The completion of this transaction is anticipated to take place in early Q4 FY24.

Furthermore, the transaction is expected to increase Earnings per Share (EPS) in the first full year following divestment.

Computershare (ASX:CPU) is a global leader in transfer agency, employee equity plans, proxy solicitation and stakeholder communications.


<WIRE> Jefferies Initiates Coverage on Johns Lyng (ASX:JLG) with 'Hold' Rating

Coverage on Australia’s building services provider, Johns Lyng (ASX:JLG), has been initiated by analysts at Jefferies, assigning a ‘hold’ rating to the company.

The brokerage has set a price target of A$6.50 for Johns Lyng (ASX:JLG).

Although the brokerage anticipates weakening EPS growth for Johns Lyng in FY24-25, they still predict a premium valuation for the company.

Of the 11 analysts, eight rate the stock ‘buy’ or higher, with two holding and one selling.

The company’s median price target, according to LSEG data, stands at A$7.40.

Johns Lyng’s (ASX:JLG) stock had seen a rise of 5.7% this year, at the time of the last close.

Johns Lyng is a renowned building services provider in Australia.



<WIRE> Citi Reduces Price Target on WiseTech Global (ASX:WTC); Lowers Earnings Forecasts

Analysts at Citi have reduced their price target on Australia’s WiseTech Global (ASX:WTC) from A$85.95 to A$73.80, maintaining a neutral rating for the company.

The brokerage expects challenges to the firm’s revenue growth in the latter half of fiscal 2024 due to a weaker macroeconomic environment.

Citi slashed its EBITDA predictions by 14% for fiscal 2024 and by 7% for fiscal 2025, foreseeing greater-than-anticipated cost increases for the company in these years.

Nevertheless, Citi predicts WiseTech Global’s (ASX:WTC) EBITDA margins will bounce back to 50% in the second half of fiscal 2025.

Of the 15 analysts that rate the stock, seven suggest buying or higher, seven recommend holding, and one advises selling, with a median price target of A$76.0 according to LSEG data.

As of the last closing, the company’s stock had risen 27.3% within the year.

WiseTech Global is a leading provider of software solutions for logistics service providers worldwide.


<WIRE> Jefferies Begins Analysis of IDP Education (ASX:IEL) with 'Underperform' Rating

Analysts at Jefferies have initiated assessment on the Australian education services provider, IDP Education (ASX:IEL) by giving it an ‘underperform’ rating and a price target of A$18.

The firm’s multi-year lucrative venture, India to Canada Student Placements, is facing threats from intensifying competition in India and regulatory modifications in Canada.

Jefferies claims its financial estimates for fiscal years 2024-26 concerning IEL’s revenue and adjusted net profit after tax are approximately 7%-8% and 13%-24% lower than consensus estimates, respectively.

With the assessments of 13 analysts taken into account, nine recommend ‘buy’, two recommend ‘hold’ and two suggest ‘sell’.

This sets the median price target at A$27.95 according to LSEG data.

Importantly, IEL’s share value has decreased by 21.7% year-to-date.

IDP Education is an Australian-based company engaged in providing international student placement services.