Polaris Software - Daily Stock Picks

Posted by admin in Companies, Mid Term Picks on Feb 28th, 2010 | no responses

Current Market Price: Rs. 147
Target Price: Rs 197
Recommended By: ULKG Research

About Polaris Software:

Polaris Software is a top banking and insurance software company. Polaris is the chosen outsourcing partner for 10 of the top 15 global banks and 6 of the 10 top global insurance companies. Polaris offers state-of-the-art, comprehensive solutions for core banking, corporate banking, wealth & asset management and insurance. Over the last two decades, Polaris has implemented its solutions and services among 200 of the world’s largest financial institutions. Polaris Software is also recognized by the world’s top analysts (Forrester and Gartner) as global leaders in banking and insurance software. (source: from its website)

Word of Experts:

Polaris Software is focusing on getting contracts mainly from Banking and Financial Services Industry. 17% of its top clients belonged to this sector alone.
According to company’s 2009-2011 estimates, the EPS is likely to record a 22% annual (CAGR) growth.
According to FY 2010-2011 estimates, Polaris Software is likely to post a 35% growth in its EPS to around Rs 19.7
Company is currently trading at an attractive P/E of 13.10, and a forward P/E of just 7.6.