WiseTech Global Ltd (ASX: WTC) shares closed 8% higher at $85.21 per share yesterday amid a dramatic market rebound.
Wisetech has survived the recent market meltdown pretty well.
Since the new US reciprocal tariffs were announced on 3 April, the S&P/ASX 200 Index (ASX: XJO) has lost 2.83% of its value.
However, the Wisetech share price has gone the other way, registering an overall 1.45% gain.
It's been a rollercoaster ride, but ultimately, the ASX tech sector's largest company has emerged from the firestorm unscathed.
But this isn't the only reason that Wisetech shares investors may feel a little jolly today.
It's also payday!
Wisetech pays dividends to shares investors today
Wisetech will pay its fully franked 1H FY25 interim dividend of 10.591211 AU cents per share today.
That's 31% higher than last year's interim dividend, by the way.
Investors participating in Wisetech's dividend reinvestment plan (DRP) will also receive their new shares today.
DRP plans allow shareholders to elect to receive their dividends as additional shares instead of a cash payment.
With each round of dividends, ASX companies must calculate a DRP share price for the next lot of dividends.
Each company has a unique process for this.
Wisetech used the average of the daily volume-weighted average price of Wisetech shares sold between 19 March and 25 March.
The Wisetech DRP share price ended up being $83.83 for this round of dividends.
Wisetech's 1H FY25 report
In its 1H FY25 report, the global logistics software provider revealed a 17% increase in total revenue to US$381 million.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) soared by 28% to US$192.3 million.
This was accompanied by a 34% jump in underlying net profit after tax (NPAT) to US$112.1 million.
Looking ahead, Wisetech expects full-year FY25 revenue to be at the bottom of its guidance range of A$1,200 million–A$1,300 million.
However, this would still represent revenue growth of 15% to 25% compared to FY24.
Wisetech expects its EBITDA margin rate to come in toward the top of its guidance range of 50% to 51%.
The company expects EBITDA in the range of A$600 million to A$660 million, equating to growth of 21% to 33% compared to FY24.
Are Wisetech shares a buy?
Wisetech is among several ASX 200 large-cap stocks rerated by brokers this week.
The consensus rating on CommSec was lowered from a strong buy to a moderate buy.
On Monday, Goldman Sachs issued a new note with a buy rating on Wisetech shares.
The broker has a 12-month share price target of $128 on Wisetech.
Macquarie has an outperform rating on Wisetech with a price target of $152.70.
The ASX 200 tech share is down 4.5% over the past 12 months.
