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3 ASX technology shares you don’t know

Altium Limited (ASX: ALU) shares, Hansen Technologies Limited (ASX: HSN) shares and Technology One Limited (ASX: TNE) shares have performed strongly over the past five years.

ASX tech shares outperforming

ALU share price

Source: Google Finance

Altium has been a standout performer. The $1.2 billion company has created leading software for customers who design printed circuit boards – the little green boards inside electrical devices. With a good cash balance, the company pays a 3.1% dividend.

Hansen Technologies is a little-known company, despite it boasting a market capitalisation of $650 million. The company develops customer billing software which is sold globally. Pleasingly, Hansen Technologies shares pay a 2% dividend.

Finally, Technology One is an enterprise software company. What does that mean? Technology One develops IT solutions for businesses, helps them implement the systems and supports them with ongoing support. It pays a 1.5% dividend.

Foolish Takeaway

You may – or may not – have heard of these three growing technology businesses.

I think each of them deserves a spot on a long-term investor’s watchlist. However, I’m reluctant to buy shares in any of them at today’s prices. I’m waiting for a more compelling valuation.

5 stocks under $5

We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.

And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!

*Extreme Opportunities returns as of June 5th 2020

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

The Motley Fool Australia owns shares of Altium and Hansen Technologies. 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.

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