Iress Management

Management criteria checks 3/4

Iress' CEO is Marcus Price, appointed in Oct 2022, has a tenure of 2.08 years. total yearly compensation is A$2.03M, comprised of 34.7% salary and 65.3% bonuses, including company stock and options. directly owns 0.044% of the company’s shares, worth A$754.38K. The average tenure of the management team and the board of directors is 1.6 years and 3.8 years respectively.

Key information

Marcus Price

Chief executive officer

AU$2.0m

Total compensation

CEO salary percentage	34.7%
CEO tenure	2.1yrs
CEO ownership	0.04%
Management average tenure	1.6yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

Shareholders May Be More Conservative With Iress Limited's (ASX:IRE) CEO Compensation For Now

Apr 29

Looking For Steady Income For Your Dividend Portfolio? Is Iress Limited (ASX:IRE) A Good Fit?

Mar 29

How Much Did Iress'(ASX:IRE) Shareholders Earn From Share Price Movements Over The Last Five Years?

Mar 18

Here's What To Make Of Iress' (ASX:IRE) Returns On Capital

Mar 07

Trade Alert: The Non-Executive Director Of Iress Limited (ASX:IRE), Roger Sharp, Has Just Spent AU$100k Buying A Few More Shares

Feb 24

Here's Why We're Wary Of Buying IRESS' (ASX:IRE) For Its Upcoming Dividend

Feb 21

IRESS Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Feb 20

Is The Market Rewarding IRESS Limited (ASX:IRE) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?

Feb 11

IRESS Limited (ASX:IRE) Shares Could Be 35% Below Their Intrinsic Value Estimate

Jan 31

How Much Are IRESS Limited (ASX:IRE) Insiders Spending On Buying Shares?

Jan 20

CEO Compensation Analysis

How has Marcus Price's remuneration changed compared to Iress's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	AU$20m
Mar 31 2024	n/a	n/a	-AU$59m
Dec 31 2023	AU$2m	AU$705k	-AU$137m
Sep 30 2023	n/a	n/a	-AU$128m
Jun 30 2023	n/a	n/a	-AU$118m
Mar 31 2023	n/a	n/a	-AU$33m
Dec 31 2022	AU$647k	AU$169k	AU$53m

Compensation vs Market: Marcus's total compensation ($USD1.31M) is about average for companies of similar size in the Australian market ($USD1.08M).

Compensation vs Earnings: Marcus's compensation has been consistent with company performance over the past year.

CEO

Marcus Price

2.1yrs

Tenure

AU$2,031,582

Compensation

Mr. Marcus Colin Price serves as Non-Executive Director of Iress Limited (Formerly known as IRESS Market Technology Limited) since July 26, 2022 and serves as its MD and CEO since October 03, 2022. He serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Marcus Price	MD, CEO & Director	2.1yrs	AU$2.03m	0.044% A$ 754.4k
Cameron Williamson	Group Chief Financial Officer	1.3yrs	AU$524.09k	no data
Kelly Fisk	Chief Corporate Affairs & Marketing Officer	3.1yrs	AU$296.37k	no data
Julia McNeill	Chief People Officer	11.2yrs	AU$429.21k	no data
Harry Mitchell	Deputy Group Chief Executive Officer	less than a year	AU$607.99k	no data
Justin Schmitt	Chief Operating Officer	1.6yrs	no data	no data
Chris Donlon	Chief Information Officer	less than a year	no data	no data
Michael Harrison	Managing Director of Sales & Strategic Relationships	no data	no data	no data
Shaun Nicholson	Head of Commercial & Client Solutions of South Africa	no data	no data	no data
Andrew Jappy	Head of Commercial Canada & USA	no data	no data	no data
Ana Smith	Chief Strategy & Transformation Officer	1.6yrs	no data	no data
Charissa Astley-Turner	Chief Risk Officer	1.8yrs	no data	no data

1.6yrs

Average Tenure

Experienced Management: IRE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Marcus Price	MD, CEO & Director	2.3yrs	AU$2.03m	0.044% A$ 754.4k
Roger Sharp	Independent Non-Executive Chairman	3.8yrs	AU$324.00k	0.030% A$ 512.7k
Robert Mactier	Independent Non-Executive Director	less than a year	no data	no data
Nicola Beattie	Independent Non-Executive Director	9.8yrs	AU$143.98k	0.013% A$ 214.4k
Susan Forrester	independent Non-Executive Director	less than a year	no data	no data
Anthony Glenning	Independent Non-Executive Director	2.1yrs	AU$130.00k	0.0086% A$ 146.5k
Michael Dwyer	Independent Non-Executive Director	4.8yrs	AU$130.00k	0.0081% A$ 138.5k
Julie Fahey	Independent Non Executive Director	7.1yrs	AU$154.00k	0.0073% A$ 125.3k
Trudy Vonhoff	Independent Non-Executive Director	4.8yrs	AU$154.00k	0.017% A$ 289.2k

3.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: IRE's board of directors are considered experienced (3.8 years average tenure).

Iress Management

Management criteria checks 3/4

Key information

Recent management updates

Iress Limited, Annual General Meeting, May 02, 2024

Iress Announces Executive Changes

Independent Non-Executive Chairman recently bought AU$200k worth of stock

Iress Limited Announces Resignation of Peter Ferguson as Company Secretary Effective 10 August 2023

Iress Limited Appoints Georgina Gillingham as an Additional Company Secretary

Iress Limited Appoints Cameron Williamson as Group Chief Financial Officer, Effective from 24 July 2023

Recent updates

Iress Limited Plan to Reinstate a Final Dividend for Fiscal Year 2024, Payable in March 2025

First half 2024 earnings released: EPS: AU$0.095 (vs AU$0.77 loss in 1H 2023)

Waiting Game for Blackstone with Low-Ball Offer for Iress Up in Air

Price target increased by 7.1% to AU$9.87

Iress Limited to Report First Half, 2024 Results on Aug 19, 2024

Praemium Limited (ASX:PPS) agreed to acquire OneVue Holdings Limited from Iress Limited (ASX:IRE) for AUD 21 million.

New major risk - Financial position

Full year 2023 earnings: EPS and revenues miss analyst expectations

Iress Limited, Annual General Meeting, May 02, 2024

Iress Limited to Report Second Half, 2023 Results on Feb 21, 2024

Price target increased by 10% to AU$8.90

Consensus EPS estimates fall by 19%

Iress Announces Executive Changes

Independent Non-Executive Chairman recently bought AU$200k worth of stock

SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) entered into definitive agreement to acquire Managed funds administration business of Iress for AUD 52 million.

First half 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) entered into definitive agreement to acquire Managed funds administration business of Iress.

Investor sentiment deteriorates as stock falls 36%

Iress Limited Announces Resignation of Peter Ferguson as Company Secretary Effective 10 August 2023

Iress Limited Appoints Georgina Gillingham as an Additional Company Secretary

Iress Limited Appoints Cameron Williamson as Group Chief Financial Officer, Effective from 24 July 2023

Now 20% undervalued

Iress Limited to Report Q2, 2023 Results on Aug 21, 2023

Independent Non-Executive Chairman recently bought AU$73k worth of stock

Consensus EPS estimates fall from profit to AU$0.56 loss

Consensus EPS estimates fall by 29%

Price target decreased by 8.4% to AU$10.94

Full year 2022 earnings: EPS misses analyst expectations

Iress Limited, Annual General Meeting, May 04, 2023

Iress Limited to Report Fiscal Year 2022 Results on Feb 20, 2023

Price target decreased by 7.1% to AU$11.94

An unknown buyer acquired an unknown stake in Iress Limited (ASX:IRE) from Mirrabooka Investments Limited (ASX:MIR).

High number of new directors

Price target decreased to AU$11.89

High number of new directors

Iress Limited Appoints Anthony James Glenning as Non-Executive Director

MD, CEO & Director recently bought AU$203k worth of stock

Consensus EPS estimates fall by 11%

Investor sentiment deteriorated over the past week

Non-Executive Director recently bought AU$300k worth of stock

Iress Limited Announces Joining of Anthony Glenning as Independent Non-Executive Director, Effective October 11, 2022

Upcoming dividend of AU$0.16 per share

First half 2022 earnings released: EPS: AU$0.16 (vs AU$0.21 in 1H 2021)

Iress Limited Announces Ordinary Franked Dividend for the Six Months Ended June 30, 2022, Payable on September 23, 2022

Now 21% undervalued

Iress Limited Appoints Marcus Colin Price as Non-Executive Director

Now 24% undervalued

Iress Limited Provides Earnings Guidance for the First Half of Year 2022 and Reaffirms Earnings Guidance for the Full Year 2022

Investor sentiment improved over the past week

MD, CEO & Director exercised options to buy AU$9.7m worth of stock.

MD, CEO & Director exercised options to buy AU$1.7m worth of stock.

Independent Non-Executive Director recently bought AU$130k worth of stock

Consensus forecasts updated

Price target decreased to AU$12.18

Iress Limited Announces Ordinary Franked Dividend for the Six Months Ended December 31, 2021, Payable on March 18, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Iress Limited, Annual General Meeting, May 05, 2022

Iress Limited to Report First Half, 2022 Results on Aug 18, 2022

Iress Limited to Report Fiscal Year 2021 Results on Feb 17, 2022

Price target decreased to AU$13.07

EQT Fund Management S.à r.l. cancelled the acquisition of Iress Limited (ASX:IRE).

Price target decreased to AU$12.62

Estimating The Intrinsic Value Of Iress Limited (ASX:IRE)

MD, CEO & Director exercised options to buy AU$985k worth of stock.

Upcoming dividend of AU$0.16 per share

First half 2021 earnings released: EPS AU$0.21 (vs AU$0.15 in 1H 2020)

Consensus forecasts updated

Price target increased to AU$12.35

What Does Iress Limited's (ASX:IRE) Share Price Indicate?