NEW YORK (TheStreet) -- Shares of Concur Technologies (CNQR) were up 8.77% to $109.80 in pre-market trading Wednesday despite Robert W. Baird's downgrading the stock to "neutral" from "outperform" with a $115 price target.
The firm cited valuation as the reason for the move.
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- The revenue growth came in higher than the industry average of 11.5%. Since the same quarter one year prior, revenues rose by 28.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- CNQR's debt-to-equity ratio of 0.86 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that CNQR's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.83 is high and demonstrates strong liquidity.
- The gross profit margin for CONCUR TECHNOLOGIES INC is currently very high, coming in at 72.08%. Regardless of CNQR's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CNQR's net profit margin of -0.01% significantly underperformed when compared to the industry average.
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Software industry and the overall market, CONCUR TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Net operating cash flow has declined marginally to $25.47 million or 9.07% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- You can view the full analysis from the report here: CNQR Ratings Report