Analyst ratings
| Date | Institute | Comment | Recommendation |
|---|---|---|---|
| 09.08.2010 | equinet | An acquisition in UK |
Accumulate |
| 30.07.2010 | equinet | 2010 sales guidance raised, New Target Price: 6.30 EUR |
Accumulate |
| 22.07.2010 | equinet | Preliminary Q2/2010 results, 2010 sales guidance raised |
Accumulate |
| 30.04.2010 | equinet | Q1/2010 final results - no surprises |
Accumulate |
| 22.04.2010 | equinet | Preliminary Q1/2010 results |
Accumulate |
| 21.04.2010 | equinet | Q1/2010 results preview |
Accumulate |
| 19.03.2010 | equinet | FY 2009 results review - Good operating results |
Accumulate |
| 22.01.2010 | equinet | Preliminary financial year 2009 results |
Accumulate |
| 20.01.2010 | equinet | 4Q / financial year 2009 preview |
Accumulate |
| 29.10.2009 | equinet | Final 3Q / 9 months 2009 figures |
Accumulate |
| 22.10.2009 | equinet | Preliminary 3Q 2009 results |
Accumulate |
| 19.10.2009 | equinet | itelligence: 3Q 2009 preview |
Accumulate |
| 12.10.2009 | equinet | itelligence acquires 2B Interactive |
Accumulate |
| 01.09.2009 | UniCredit | itelligence: Better than during the previous downturn |
Hold |
| 29.07.2009 | equinet | Q2 2009 results |
Hold |
| 30.07.2009 | UniCredit | itelligence: Too expensive at these levels |
Sell |
| 21.07.2009 | equinet | Preliminary Q2 2009 results |
Accumulate |
| 29.06.2009 | UniCredit | Slowing momentum in H2/09 expected |
Sell |
| 23.06.2009 | UniCredit | Downgrade from Hold to Sell |
Sell |
| 29.04.2009 | equinet | Publication of Q1-2009 report |
Accumulate |
| 28.04.2009 | UniCredit | Final Q1/09 figures: significant decline of the license revenues |
Hold |
| 23.04.2009 | UniCredit | Better-than-expected start in 2009 |
Hold |
| 23.04.2009 | equinet | Preliminary 1Q 2009 results |
Buy |
| 19.03.2009 | UniCredit | No guidance for 2009 – first dividend proposal of EUR 0.12 |
Hold |
| 19.03.2009 | equinet | License business expected to weaken compared to stronger Outsourcing & Service business in 2009 |
Buy |
| 19.03.2009 | equinet | Final FY 2008 results |
Buy |
| 16.01.2009 | UniCredit | Preliminary Q4 results: Revenue momentum slightly better and EBIT in line |
Hold |
| 16.01.2009 | equinet | itelligence with good preliminary FY2008 figures |
Buy |
| 03.11.2008 | equinet | itelligence 3Q 08 result beats estimates - Becoming more cautious for 09e |
Buy |
| 30.10.2008 | UniCredit / HVB Equity Research | Reduction of our 2009 estimates |
Hold |
| 24.10.2008 | equinet | Acquisition of 51% of Czech SAPCON |
Buy |
| 29.09.2008 | equinet | Preliminary 3Q 2008 results beating estimates |
Buy |
| 25.07.2008 | equinet | Preliminary 1H 2008 results surprise positively |
Accumulate |
| 24.07.2008 | equinet | Preliminary 1H 2008 results |
Accumulate |
| 25.04.2008 | Uni Credit / HVB Equity Research | Slower than expected start in 2008 |
Hold |
| 24.04.2008 | equinet | Preliminary results 1Q 08: Project delays in the US |
Accumulate |
| 20.03.2008 | UniCredit / HVB Equity Research | Reduction of our target price to EUR 5.00 |
Hold |
| 14.03.2008 | equinet | Final FY 2007 results |
Hold |
| 08.02.2008 | equinet | Preliminary FY 2007 results |
Hold |
| 07.02.2008 | UniCredit / HVB Equity Research | Ongoing solid demand in Q4/07 |
Hold |
| 08.01.2008 | equinet | NTT DATA finally bought 87% of itelligence shares |
Hold |
| 20.12.2007 | equinet | More than 89% of itelligence shares offered to NTT DATA by shareholders |
Reduce |
| 01.11.2007 | WestLB | Hold and accept the bid |
Hold |
| 30.10.2007 | UniCredit / HVB Equity Research | Unexpected softness in licenses in Q3/2007 |
Hold |
| 29.10.2007 | equinet | Final Q3 2007 results |
Hold |
| 25.10.2007 | UniCredit / HVB Equity Research | Downgrade from Buy to Hold |
Hold |
| 19.10.2007 | equinet | Preliminary Q3 results clearly beat estimates |
Accumulate |
| 19.10.2007 | WestLB | Strong Q3 trading statement |
Add |
| 05.10.2007 | Morgan Stanley | itelligence, an SAP Services Winner - Raising Price Target to Euro 6 |
Overweight |
| 19.09.2007 | UniCredit / HVB Equity Research | Upgrade from Hold to Buy |
Buy |
| 03.08.2007 | WestLB | Q2 full results: Good cash flow performance boosts value |
Add |
| 02.08.2007 | UniCredit / HVB Equity Research | Accounts receivables management registers first positive results |
Hold |
| 02.08.2007 | equinet | Final 1H 2007 results |
Accumulate |
| 03.05.2007 | UniCredit / HVB Equity Research | Receivables grow faster than the sales |
Hold |
| 03.05.2007 | WestLB | Quite ambitious hiring plans for this year |
Buy |
| 24.04.2007 | equinet | preliminary Q1 results significantly above our expectations |
Hold |
| 24.04.2007 | UniCredit / HVB Equity Research | preliminary figures lie above the expectations |
Hold |
| 24.04.2007 | WestLB | Q1 Trading Statement contained excellent headline numbers |
Buy |
| 13.04.2007 | citigroup | Consulting & Licenses strong, but how far can margin rise? |
Hold |
| 13.03.2007 | UniCredit / HVB Equity Research | Final figures for 2006 in line with the preliminary announcement |
Hold |
| 13.03.2007 | WestLB | Cash flow reassures |
Buy |
| 01.02.2007 | UniCredit / HVB Equity Research | Q4 was a positive surprise for us – 2007 outlook in line with our expectations |
Hold |
| 01.02.2007 | WestLB | A good end to the year |
Buy |
| 01.02.2007 | equinet Institutional Services | Preliminary FY2006 results published |
Hold |
| 30.01.2007 | Morgan Stanley | Looks Like a Beneficiary of SAP's Mid-Mkt Push - 2007 Guidance a Catalyst |
Overweight |
| 02.01.2007 | UniCredit / HVB Equity Research | Downgrade from buy to hold after achievement of our price target |
Hold |
| 30.10.2006 | West LB | Increasing estimated 2008 EPS by 13% |
Buy |
| 30.10.2006 | equinet Institutional Services | Final Q3 2006 results published |
Hold |
| 25.10.2006 | West LB | Better trading in Q3 |
Buy |
| 25.10.2006 | HVB Equity Research | Q3 delivers the expected margin turnaround |
Outperform |
| 25.10.2006 | equinet Institutional Services | Preliminary Q3 2006 results published |
Hold |
| 02.08.2006 | equinet Institutional Services | Q2 2006 results review |
Hold |
| 02.08.2006 | HVB Equity Research | In H2 06 we expect a similar push of the margin as in H2 05 |
Outperform |
| 02.08.2006 | Morgan Stanley | Strong Growth Set to Continue |
Overweight |
| 26.07.2006 | citigroup | 1H06 prelims provide no positive catalyst for the share |
Hold/High Risk |
| 26.07.2006 | HVB Equity Research | Q2/06: trend of sales remains intact, operating margin below our expectations |
Outperform |
| 26.07.2006 | equinet Institutional Services | The facts: Preliminary Q2 2006 results published |
Hold |
| 30.06.2006 | HVB Equity Research | Raise from Neutral to Outperform |
Outperform |
| 07.06.2006 | Morgan Stanley | itelligence - Small Company, Big Opportunity |
Overweight |
| 03.05.2006 | WestLB | Q1 results: Seeing further, higher |
Buy |
| 03.05.2006 | citigroup | Q1 / 2006 sales accelerating, but margin rise slower |
Hold |
| 03.05.2006 | HVB Equity Research | No substantial surprises regarding the Q1/06 figures |
Neutral |
| 03.05.2006 | equinet Institutional Services | The facts: Q1 2006 results review |
Hold |
| 28.04.2006 | HVB Equity Research | Reset of our rating from outperform to neutral |
Neutral |
| 27.04.2006 | equinet Institutional Services | The facts: Preliminary Q1 2006 results published |
Hold |
| 23.03.2006 | HVB Equity Research | For Q1/2006 we don't expect any comparable negative surprise as in 2005 |
Outperform |
| 23.03.2006 | equinet Institutional Services | New price target after positive outlook |
Buy |
| 23.03.2006 | WestLB | New trigger from SAP's mid-market strategy |
Buy |
| 14.03.2006 | HVB Equity Research | New potentials in sales and margin resulting from SAP's mid-market strategy |
Outperform |
| 10.03.2006 | WestLB | Being ahead the curve: benefits from a restructuring of SAP's distribution model |
Buy |
| 13.02.2006 | HVB Equity Research | Price target raised from EUR 2.60 to EUR 3.10 |
Outperform |
| 13.02.2006 | equinet Institutional Services | Preliminary results for 2005 published - Price target raised to EUR 3 |
Buy |
| 10.02.2006 | WestLB | Improving momentum - Increase of price target to € 3 |
Buy |
| 10.02.2006 | citigroup | Strong 2005 preliminary figures show building momentum - Target: EUR 3.10 |
Buy |
| 30.11.2005 | WestLB | In the slipstream of the mid-market campaign |
Buy |
| 08.11.2005 | citigroup | Q3/05 numbers in-line |
Buy |
| 08.11.2005 | HVB Equity Research | The stable Q3 was meant to be one step towards a higher rating |
Outperform |
| 26.10.2005 | WestLB | Strong Q3-results suggest higher momentum |
Buy |
| 26.10.2005 | HVB Equity Research | Strong preliminary Q3-results suggest positive momentum |
Outperform |
| 26.10.2005 | Equinet Institutional Services | Preliminary Q3/2005 results published |
Hold |
| 05.10.2005 | HVB Equity Research | Company update - confirmation of rating outperform |
Outperform |
| 12.09.2005 | equinet Institutional Services | Upgrade from Reduce to Hold |
Hold |
| 02.08.2005 | HVB Equity Research | Q2 / 2005 results confirm increased sales |
Outperform |
| 29.07.2005 | equinet Institutional Services | Q2 / 2005 results published |
Reduce |
| 28.07.2005 | HVB Equity Research | Positive development of market in Q2 / 2005 |
Outperform |
| 28.06.2005 | WestLB | Backing the midmarket - focus on midmarket-clients |
Buy |
| 10.05.2005 | citigroup Smith Barney | Q1 2005 results published |
Speculative Buy |
| 04.05.2005 | HVB Equity Research | Q1 2005 results published |
Outperform |
| 04.05.2005 | equinet Institutional Services | Q1 2005 results published |
Accumulate |
| 02.05.2005 | equinet Institutional Services | Q1/2005 results preview |
Buy |
| 03.03.2005 | equinet Institutional Services | Positive development of market, company stands by 05 outlook |
Buy |
| 25.02.2005 | HVB Equity Research | Company Flash |
Buy |
| 25.02.2005 | AC Research | Company analysis |
Stark kaufen [Download] |
| 24.02.2005 | citigroup Smith Barney | 4Q prelims mixed, company stands by 05 outlook |
Speculative buy |
| 17.01.2005 | HVB Equity Research | Undervaluation in spite of turnaround |
Buy |
| 26.11.2004 | equinet Institutional Services | Convertible bond successfully placed |
buy |
| 18.11.2004 | equinet Institutional Services | Price target reduced to 3 € |
buy |
| 10.11.2004 | citigroup Smith Barney | itelligence Q3/2004 figures |
Speculative Buy |
| 09.11.2004 | HVB Equity Research | Convertible Bond and guidance for 2005 for the first time |
Buy |
| 03.11.2004 | equinet Institutional Services | Preliminary Q3 results published |
Buy |
| 03.11.2004 | HVB Equity Research | Preliminary Q3/04 report below our estimates, but EBIT margin with 3.8% nevertheless positive - turnaround scenario confirmed |
Buy |
| 26.10.2004 | citigroup Smith Barney | Back in the Black |
Speculative Buy |
| 05.08.2004 | HVB Equity Research | Turnaround approved, sequential decrease in sales as downer |
Buy |
| 05.08.2004 | equinet Institutional Services | itelligence: Back on track |
Buy |
| 29.06.2004 | Berenberg Bank | Company update |
Monitored |
| 07.06.2004 | Independent Research | Update Q1/2004 |
Kaufen [Download] |
| 11.05.2004 | HVB Equity Research | Q1 figures confirm turnaround |
Buy |
| 07.05.2004 | equinet Institutional Services | itelligence: Go forward! |
Buy |
| 16.04.2004 | citigroup Smith Barney | Company visit |
Monitored |
| 14.04.2004 | HVB Equity Research | underrated turnaround candidate |
Buy |
| 08.04.2004 | Independent Research | Update Annual Report 2003 |
Spekulativ kaufen [Download] |
| 25.11.2003 | Independent Research | Update Q3 2003 |
Spekulativ kaufen [Download] |
| 21.08.2003 | Independent Research | Update Q2 2003 |
Spekulativ kaufen [Download] |
| 27.05.2003 | Independent Research | Update Q1 2003 |
Halten [Download] |
| 13.05.2003 | equinet Institutional Services | Figures Q1 2003 |
Halten |
| 28.04.2003 | Independent Research | Figures Q4 2002 |
Halten [Download] |
| 20.03.2003 | equinet Institutional Services | Annual Report 2002 |
Halten |
| 25.02.2003 | Dresdner Kleinwort Wasserstein | FY Results |
Buy (unchanged) |
| 30.01.2003 | Independent Research | Note itelligence Q4 2002 |
Halten |
| 02.12.2002 | M. M. Warburg & Co | Note itelligence Q3 2002 |
Hold |
| 29.11.2002 | Independent Research | Figures Q3 2002 |
Kaufen [Download] |
| 20.11.2002 | DZ Bank | Q3 2002: slightly short of our expectations |
Akkumulieren |
| 20.11.2002 | equinet Institutional Services | Special depreciations effect results in 2002 |
Monitored |
| 20.11.2002 | AC Research | Figures Q3 2002 |
Akkumulieren |
| 02.09.2002 | Independent Research | Figures Q2 2002 |
Übergewichten [Download] |
| 02.09.2002 | M. M. Warburg & Co | Annotation Interim Report 2/2002 |
Hold |
| 27.08.2002 | DZ Bank | Flash: itelligence Q2/2002 |
Akkumulieren |
| 21.08.2002 | Dresdner Kleinwort Wasserstein | itelligence - Positive H1 EBIT surprise, despite falling sales 2002 |
Buy (unchanged) |
| 21.08.2002 | equinet Institutional Services | Ultimate target: profitability |
Monitored |
| 13.08.2002 | Dresdner Kleinwort Wasserstein | Preview for H1/2002 |
Buy (unchanged) |
| 24.05.2002 | DZ Bank | Erste Restrukturierungserfolge in Q1 |
Accumulate |
| 22.05.2002 | Dresdner Kleinwort Wasserstein | Q1 Results |
Buy (unchanged) |
| 21.03.2002 | HypoVereinsbank | DVFA-Forum CeBIT 2002: outlook is slighty short of our expectations - ultimate target for 2002: profitability |
Underperform |
| 28.02.2002 | DZ Bank | Focus for 2002: increase in profitability |
Reduce |
| 25.02.2002 | equinet Institutional Services | Fiscal year 2001: according to reduced expectations |
Monitored |
| 25.02.2002 | HypoVereinsbank | Preliminary year figures. Sales and EBIT slightly short of our expectations |
Underperform |
