2336 GMT - Iress's bulls at Wilsons expect the Australian financial-tech provider to spend the rest of its 2025 fiscal year increasingly focused on cost efficiencies following its decision to sell its superannuation business. Wilsons' analysts see the sale as a definitive pull by Iress on a key lever for near-term earnings momentum. Without a divestment, a sharp turnaround would have been needed, they write in a note. They tell clients that the proceeds won't be entirely spent on retiring debt and think that M&A activity is possible. Wilsons keeps an overweight rating and A$11.00 target price on the stock, which is up 0.9% at A$9.725. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 20, 2025 18:36 ET (23:36 GMT)

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