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News on Quixant, Tracsis, Ideagen, Eckoh and more

There’s plenty going on with technology stocks that feature in our list of Great Ideas. We now take a look at some recent bits of news to keep you up to date with events.

Gaming engine designer Quixant (QXT:AIM) impressed with its full year results on 22 March. Revenue was 5% better than forecast while pre-tax profit was bang on the money at $13.8m. Analysts have lifted their 2017 estimates with pre-tax profit now expected to be $15.8m this year.

The stock’s 35% gain since our original article in October 2016 clearly demonstrates investor appetite for this high-quality company.

Derailed… but not for long

Our transport technology top pick for 2017 Tracsis (TRCS:AIM) has staged a decent recovery after the shock share price collapse in February.

Delayed Network Rail contracts could be happening soon given that rail franchises are starting to be awarded, as evident by FirstGroup (FGP) winning the South Western route earlier this week. Tracsis also used half year results (23 March) to play down traffic data pricing pressure.

We still think Tracsis is a solid investment for a long-term investor. It has the right technology tools to meet the growing need to deliver smart transport infrastructure networks in the UK and elsewhere.

Great ideas table

Doing deals

Ideagen (IDEA:AIM) is investing up to £12m on document review software supplier PleaseTech. That’s a nice fit into its core focus of compliance, risk and regulation markets.

The shares have made steady progress and are 37.5% ahead of our 56p entry point last summer. Broker FinnCap last week raised its target price to 98p.

Eckoh (ECK:AIM) has upped its game in the US, winning a $3.7m secure payments contract on 23 March.

Mobile marketing specialist IMImobile (IMO:AIM) has added extra mobile messaging expertise in the financial space thanks to its £8.2m Infracast purchase (27 Mar).

Shares in technology tester Spirent (SPT) have run ahead of anticipated margin improvements, as we predicted back in April 2016 at 80p. The stock is now trading at 115.5p. (SF)

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