The Computershare Ltd (ASX: CPU) share price is on fire this year and some experts believe this will continue.
The company's shares have surged by nearly 13% since the first day of trading in 2022 on 4 January. On Friday, the shares finished the week at $22.80. This followed an all-time high reached on Thursday at $23.44.
Let's take a look at what these experts have to say about Computershare.
Is Computershare a buy?
The Computershare share price is not just up this year, it has also surged a whopping 65% in the past 52 weeks. Despite this, analysts are still bullish it can go up further.
Speaking to Livewire, Monash Investors principal Shane Fitzgerald says he sees Computershare as a buy.
Fitzgerald says:
Computershare is a great business, a great franchise, but the real interest in the stock at the moment is its exposure to interest rates.
The upside surprise came from the Corporate Trust acquisition they did, and the level of growth that that business put on, just from the simple increase in interest rates that we have already seen, was pretty impressive, so there's more of that to come. It's a buy for us.
The Computershare share price surged last week on the back of the company's H1 FY22 results. The company reported a 4.6% increase in management revenue to US$1.2 billion.
The board also declared an interim dividend of 24 cents per share, a 4.3% increase on the previous corresponding period.
Wilsons investment strategy head John Lockton is also optimistic about Computershare. He says: "We are a buyer of that story".
Lockton added:
I think it's got the cyclical benefit at the moment with interest rate leverage. It's also got the longer-term structural theme on the trend of outsourcing.
Computershare share price snapshot
The Computershare share price has surged 9.3% in the past month. For perspective, the S&P/ASX 200 Index (ASX: XJO) has dropped 1.5% in the same period.
Computershare has a market capitalisation of around $14.01 billion based on today's share price.
