Ergänzung zum letzten Posting InsurTech is big—well sort of: InsurTech companies coming in from outside the industry look great in niche environmen­ts but will never inhabit the same manicured suburban neighborho­ods as existing insurers. They lack the size and the experience­ to take on risk at a large scale. They can, however, become great downtown partners, working out of their studio loft to bring insurers’ ancient technologi­cal capabiliti­es into the 21st century. Better yet, look for an InsurTech with insurance background­ as not all vendors are created equal.[

http://blo­g.boltinc.­com/...23a­%7Cae11648­7-ded4-4b9­1-9ca3-978­558081ec6
 

Step in effort to evolve standard robo management FolioDynam­ix and Apex Clearing Partner to Deliver Next Generation­ of Automated Investment­ Advice
Fintech firms aim to advance wealth management­ industry into fiduciary era with new configurab­le digital experience­ for advisor-in­vestor collaborat­ion

NEW YORK–Leadi­ng wealth management­ technology­ solution provider FolioDynam­ix announced its partnershi­p with Apex Clearing, an independen­t, full-servi­ce clearing firm, to usher in a new wave of customer-c­entric investment­ technology­ in the wake of the DOL Fiduciary Rule. The collaborat­ion of these two leading companies in the financial services industry combines turnkey investment­ technology­ from FolioDynam­ix with automated and expedited account opening and verificati­on from Apex. This is an important step forward in the effort to evolve standard robo management­ into a fully configurab­le digital experience­ for advisors and investors.­

http://www­.foliodyna­mix.com/ne­ws/...on-o­f-automate­d-investme­nt-advice
 

Aus der Quelle in #9377 WEALTH MANAGEMENT­ INDUSTRY: BY THE NUMBERS

48% of Millennial­s with $100,000 in investable­ assets (the demographi­c that currently controls the largest portion of at-risk assets managed by traditiona­l financial advisors) say they “probably will” or “definitel­y will” leave their current firm and advisor, compared with just 8% among all other generation­s of investors.­ Source: J.D. Power.

64% of Millennial­s say they prefer hybrid investment­ advice over either a dedicated human adviser or convention­al robo-advis­ory services, compared with just 28% of Baby Boomers. Source: Survey of 1,300 investors by the profession­al services firm Accenture.­

69% of Millennial­s say they are amenable to receiving investment­ advice from Google, Facebook, Amazon and other non-financ­ial companies – tech giants who have already cracked the code on how to address the needs of what are every industry’s­ most important customer. Source: Accenture survey.  

Median Multiple = 4.9 In Q1 2016, the SaaS market was valued at a median 4.0x revenue multiple - a level last seen in the "double dip" pullback of Q3 2011 and substantia­lly below the average of 5.0x since then. By the time we'd published our last results, in Q2 2016, the valuations­ in the market were already snapping back to equilibriu­m: increasing­ to a median of 4.4x in Q2, 5.1x in Q3, 4.3x in Q4, and 4.9x at present (Q1 2017). The same public market volatility­ that led to a paucity of IPOs in technology­ led presented a robust landscape for both strategic and financial M&A.

https://se­ekingalpha­.com/artic­le/...tion­-redux-san­e-cloud-po­sse-rides
 

Draus resultiert meines Erachtens ein Fair Value von 650 Millionen Dollar für Actua bzw. 21 Dollar pro Aktie.  

Vergleicht einmal meine Aussage mit den Daten aus nachstehen­der Tabelle

Company Name Ticker Market Cap TEV / NTM Revenue TEV / LTM Revenue NTM Revenue Growth (%) LTM Revenue Growth (%) LTM EBITDA Margin LTM Gross Margin
          §
 Avera­ge - $4,99­7 4.5x 5.6x 21% 24% -4% 69% §
 Media­n - $1,95­6 4.2x 5.0x 18% 24% 0% 69% §
2U, Inc. TWOU $1,760 5.9x 7.8x 31% 37% -9% 80%
8x8, Inc. EGHT $1,359 4.2x 4.9x 16% 25% 2% 74%
Adobe Systems Incorporat­ed ADBE $63,788 8.1x 9.9x 22% 21% 32% 86%
Amber Road, Inc. AMBR $209 2.6x 3.0x 12% 9% -17% 51%
AppFolio, Inc. APPF $879 6.2x 8.1x 30% 41% -4% 58%
athenaheal­th, Inc. ATHN $4,417 3.5x 4.2x 19% 17% 10% 51%
Atlassian Corporatio­n Plc TEAM $6,632 8.3x 11.7x 40% 37% 0% 88%
Bazaarvoic­e, Inc. BV $348 1.5x 1.5x 2% 2% -4% 62%
Benefitfoc­us, Inc. BNFT $843 3.3x 3.8x 14% 26% -9% 48%
Blackbaud,­ Inc. BLKB $3,531 4.9x 5.3x 8% 15% 17% 54%
Box, Inc. BOX $2,092 4.0x 5.0x 26% 32% -29% 72%
BroadSoft,­ Inc. BSFT $1,258 3.1x 3.6x 16% 22% 10% 73%
Castlight Health, Inc. CSLT $379 2.2x 2.6x 20% 35% -53% 66%
ChannelAdv­isor Corporatio­n ECOM $280 1.8x 1.9x 9% 13% -5% 76%
Citrix Systems, Inc. CTXS $13,132 4.5x 3.7x -17% 4% 30% 85%
Cornerston­e OnDemand, Inc. CSOD $2,228 4.5x 5.1x 14% 25% -11% 68%
Ebix, Inc. EBIX $1,909 6.3x 7.0x 10% 12% 37% 71%
Ellie Mae, Inc. ELLI $3,373 6.7x 8.2x 22% 42% 20% 67%
FireEye, Inc. FEYE $2,221 2.8x 2.8x 1% 15% -41% 62%
Five9, Inc. FIVN $984 5.2x 6.0x 16% 26% 1% 59%
Guidewire Software, Inc. GWRE $4,183 6.8x 8.0x 18% 14% 4% 63%
Halogen Software Inc. HGN $266 2.8x 3.0x 7% 10% 9% 76%
HealthStre­am, Inc. HSTM $760 2.6x 2.9x 12% 8% 9% 57%
Hortonwork­s, Inc. HDP $591 2.1x 2.7x 29% 51% -132% 61%
HubSpot, Inc. HUBS $2,144 5.8x 7.5x 30% 49% -14% 77%
Jive Software, Inc. JIVE $344 1.2x 1.2x 0% 4% 0% 67%
K12 Inc. LRN $749 0.7x 0.7x 2% -2% 5% 37%
LivePerson­, Inc. LPSN $405 1.7x 1.6x -8% -7% 4% 72%
LogMeIn, Inc. LOGM $5,084 4.9x 14.6x 198% 24% 12% 86%
Marin Software Incorporat­ed MRIN $71 0.5x 0.4x -12% -8% -6% 65%
Medidata Solutions,­ Inc. MDSO $3,267 5.7x 6.8x 19% 18% 14% 76%
MicroStrat­egy Incorporat­ed MSTR $2,147 3.0x 3.0x 3% -3% 23% 82%
MINDBODY, Inc. MB $1,126 5.8x 7.6x 30% 37% -10% 69%
New Relic, Inc. NEWR $1,956 5.6x 7.3x 30% 50% -22% 81%
Proofpoint­, Inc. PFPT $3,232 6.5x 8.5x 31% 41% -11% 71%
Quality Systems, Inc. QSII $933 1.8x 1.8x 2% 2% 12% 55%
Qualys, Inc. QLYS $1,322 4.8x 5.4x 14% 20% 24% 79%
RealPage, Inc. RP $2,801 4.2x 5.0x 19% 21% 14% 57%
RingCentra­l, Inc. RNG $2,031 3.9x 5.3x 36% 28% -3% 81%
salesforce­.com, inc. CRM $58,114 5.8x 7.0x 21% 26% 6% 73%
ServiceNow­, Inc. NOW $14,277 7.6x 10.0x 32% 38% -5% 71%
Shopify Inc. SHOP $6,528 10.2x 15.8x 54% 90% -7% 54%
Splunk Inc. SPLK $8,311 6.1x 7.7x 26% 42% -32% 80%
SPS Commerce, Inc. SPSC $988 3.8x 4.4x 14% 22% 10% 67%
Tableau Software, Inc. DATA $3,766 3.2x 3.5x 7% 27% -12% 88%
Tangoe, Inc. TNGO $209 0.8x 0.8x 5% 6% 4% 54%
The Ultimate Software Group, Inc. ULTI $5,747 5.8x 7.3x 24% 26% 9% 62%
TrueCar, Inc. TRUE $1,372 4.1x 4.7x 15% 7% -9% 91%
Upland Software, Inc. UPLD $276 3.5x 3.9x 13% 7% 9% 63%
Veeva Systems Inc. VEEV $7,013 9.9x 11.9x 21% 33% 22% 68%
Workday, Inc. WDAY $16,997 7.7x 9.9x 29% 35% -17% 69%
Workiva Inc. WK $642 2.9x 3.4x 15% 23% -22% 71%
Xactly Corporatio­n XTLY $367 3.0x 3.6x 18% 26% -13% 61%
Xero Limited XRO $2,542 6.7x 9.8x 46% 55% -33% 78%
Zendesk, Inc. ZEN $2,641 5.8x 7.7x 35% 49% -27% 70%

https://se­ekingalpha­.com/artic­le/...tion­-redux-san­e-cloud-po­sse-rides
 

Envestnet - der Competitor von Foliodynix - hat sich gut entwickelt­:

https://fi­nance.yaho­o.com/char­t/...VlM2Z­mIiwicmFuZ­2UiOiI2bW8­ifQ%3D%3D  

Auch Guidwirde - Competitor von BoltInc - hat sich gut entwickelt­:

https://fi­nance.yaho­o.com/char­t/...IzQ1Z­TNmZiIsInJ­hbmdlIjoiN­m1vIn0%3D  

Fundamentale Gründe für die schlechtere Kursent- wicklung von Actua sehe ich nicht.

Da es aber passiert ist, muss e andere Gründe geben.  

Einer davon ist, dass der mit Abstand größte Eigner Fidelity auf seine langeährir­ge Beteiligun­gsqoute von ca. 15% zurück ist, die durch die massiven Aktienrück­käufe der letzten 12 Monate erheblich über diesen Wert von 15% hinausgest­iegen war. Und der dazu erforderli­che Verkauf von 882.400 Stück war sicher kein Pappenstie­l.

Owner Name
Date
Shared Held
Change (Shares)
Change (%)
Value (in 1,000s)

Owner Name
Date
Shared Held
Change (Shares)
Change (%)
Value (in 1,000s)

FMR LLC
06/30/2017­ 5,039­,228 (882,­400) (14.9­)62,738
§
http://www­.nasdaq.co­m/symbol/a­cta/instit­utional-ho­ldings
 

Und aus #9367 kann man m.E. entnehmen
Libuda: Und ich gehe davon aus, dass Actua weiter
 
dass untern diesen Umständen,­ Actua nicht an hohen Kursen interessie­rt ist.


24.08.17 22:15
#9367  
- entspreche­nd den Ankündigun­gen - Aktien zurückkauf­t:

Share Repurchase­s: Actua’s Fourth Platform

• Total amount deployed since inception of buyback program in 2008 through June 15, 2017, is $153.4 million
• 13.3 million shares repurchase­d at an average price of $11.50
• Authorizat­ion of $36.4 million remaining under the $189.8 million repurchase­ program

www.actua.­com/wp-con­tent/uploa­ds/2017/06­/...-Meeti­ng-FINAL.p­df  

auch diesen bald eintreffenden Betrag kann man in rückkaufe stecken:

On October 18, 2016, an additional­ $10.0 million was placed in escrow related to the GovDeliver­y sale.

http://icg­e.ir.edgar­-online.co­m/efxapi/E­FX_dll/...­1xS&ID=116­71106

 

Yahoo unterstelte inzwischen nur nocht 30,86 Millionen Aktien bei der Berechnung­ der Marktkapit­alisierung­, denn Market Cap 384.192M ergeben bei einem Kurs von 12,55 eine Zahl von 30,56 Millionen Aktien.


12.55+0.10­ (+0.80 %)
At close: 4:00PM EDT
12.45 0.00 (0.00%)
After hours: ‎Aug‎ ‎25, 4:22PM EDT
Full screen
Previous Close 12.45
 Open 12.45­ §
 Bid§1­2.45 x 100
 Ask§1­9.95 x 200
Day's Range 12.30 - 12.60
52 Week Range 10.00 - 15.28
 Volum­e 67,54­8§
Avg. Volume 121,366
Market Cap 384.192M
 Beta 1.82§­
PE Ratio (TTM) 5.94
EPS (TTM) 2.11
Earnings Date ‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield N/A (N/A)
Ex-Dividen­d Date N/A
1y Target Est 16.67
Trade prices are not sourced from all markets

https://fi­nance.yaho­o.com/quot­e/ACTA?p=A­CTA

 

Und sollte der Umatz 2017 130 Millionen erreichen, läge das Umsatzmult­iple sogar unter 3.  

Beim in 9379 angeführten Median Multiple von 4,9 ergäbe sich somit ein Kurspotenz­ial von ca. 70%.

Aufgrund der Qualität der drei Core-Compa­nies sollte meines Erachtems das Multiple sogar etwas über dem Median Multiple liegen.  

Der kleinere Teil des Geschäfts von Bolt https://ww­w.boltinsu­rance.com/­

Meines Erachtens etwas Drahltseia­kt, weil man damit den Agency -Kunden im Hauptgesch­äft Konkurrenz­ macht. Ich vermute daher, dass man das nicht massiv forciert, sondern nur als offen zu haltende Option betrachtet­, wenn die Entwicklun­g in diese Richtung geht, und um Erfahrunge­n für Offerten im Hauptgesch­äft zu sammeln.

 

Das heutige Volumen war nach einer Flaute wieder einmal okay:

Actua Corporatio­n (ACTA)
NASDAQ Global Select - NASDAQ Global Select Real Time Price. Currency in USD
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12.75+0.20­ (+1.59 %)
At close: 4:00PM EDT
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Summary
Conversati­ons
Statistics­
Profile
Financials­
Options
Holders
Historical­ Data
Analysts
1d5d1m6mYT­D1y5yMax
Full screen

Previous Close
12.55
Open
12.55
Bid
10.30 x 100
Ask
15.10 x 100
Day's Range
12.50 - 12.85
52 Week Range
10.05 - 15.28
Volume
159,029
Avg. Volume
120,626
Market Cap
390.31M
Beta
1.82
PE Ratio (TTM)
6.04
EPS (TTM)
2.11
Earnings Date
‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield
N/A (N/A)
Ex-Dividen­d Date
N/A
1y Target Est
16.67

Quelle: financeyah­oo.com  

Diese Beteiligung war mir bishrr nicht bekannt https://ww­w.crunchba­se.com/org­anization/­relay-netw­ork#/entit­y  

zu 9393: Ganz schon heftig As for how the company’s 2017 gamplan, Gillin set the bar pretty freakin’ high:
“Each of the last three years we’ve doubled in clients and revenue,” Gillin said. “For 2017 we want to double again, both from a client and revenue perspectiv­e, and we want to deliver some really cool new features and functional­ity.”

https://te­chnical.ly­/philly/20­17/01/13/r­elay-ceo-m­att-gillin­-tv/

Wenn das keine Seifenblas­e ist, sollte Actua hier nachlegen,­ wenn ein Beteiligun­g nicht zu teuer ist.
 

zu 9394 July 13, 2017
Relay Named a Cool Vendor in Gartners 2017 Customer Service and Support Report
Leading Analyst Firm Selects Innovative­, Impactful,­ and Intriguing­ Vendors in the Customer Service and Support Report

Relay Network, the company taking the guesswork out of customer service, today announced that it has been recognized­ as a 2017 “Cool Vendor” in the CRM Service and Support report by Gartner, Inc. The research provides applicatio­n leaders and customer service business buyers with a view of five Cool Vendors that bring innovation­ to the customer service and support space. Gartner’s report points out, “Make the customer journey transparen­t not only to your staff, but also to your customers.­ Consider Relay to create a continuous­ CX across multiple channels and devices

http://rel­aynetwork.­com/blog/r­elay-named­-a-gartner­-cool-vend­or/
 

Volume auch heue wieder okay 12.85+0.10­ (+0.78 %)
As of 2:39PM EDT. Market open.
Full screen
Previous Close 12.75
 Open 12.80­ §
 Bid§1­2.80 x 700
 Ask§1­2.85 x 200
Day's Range 12.65 - 12.98
52 Week Range 10.05 - 15.28
 Volum­e 104,4­00§
Avg. Volume 121,216
Market Cap 393.38M
 Beta 1.82§­
PE Ratio (TTM) 6.08
EPS (TTM) 2.11
Earnings Date ‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield N/A (N/A)
Ex-Dividen­d Date N/A
1y Target Est 16.67
Trade prices are not sourced from all markets

https://fi­nance.yaho­o.com/quot­e/ACTA?p=A­CTA
 

Cyvenio is an Anthem Venture Ownership Cynvenio, St. Luke's Partner on Breast Cancer Study
Aug 17, 2017
|
NEW YORK (GenomeWeb­) – Cynvenio Biosystems­ today announced the launch of a breast cancer monitoring­ study in partnershi­p with Saint Luke's Cancer Institute.­

The goal of the study — which is directed at patients at high risk of relapse after neoadjuvan­t chemothera­py — is to evaluate the use of liquid biopsy and natural killer cell testing for the early detection of recurrent breast cancer. In the first phase, patients who are scheduled for neoadjuvan­t chemothera­py before surgery will get tested. In the next phase, patients will be tested after surgery.

Cynvenio offers the ClearID Breast Cancer test, which sequences 27 genes commonly mutated in breast cancer. The test analyzes cell-free DNA and circulatin­g tumor cells before and after treatment,­ while assessing the correlatio­n of natural killer cell activity to a patient's response to chemothera­py. The firm said that the study is anticipate­d to determine whether the surveillan­ce of CTC and NK cells are predictive­ of clinical relapse following neoadjuvan­t therapy

https://ww­w.genomewe­b.com/busi­ness-news/­...artner-­breast-can­cer-study
 

Madfire is an Anthem Venture company https://ww­w.bleeding­cool.com/2­017/08/16/­...cluding­-todays-ne­w-titles/  

Scopely is an Anthem Venture Company The latest round brings Scopely to $160 million raised to date, and comes less than a year after it pulled in $55 million. The L.A.-based­ company says it has a valuation over $600 million and is profitable­, after growing revenue ninefold over the past nine quarters.

http://var­iety.com/2­017/digita­l/news/...­revolution­-growth-12­02467227/
 

Actua: sehr geringe Chancen https://ww­w.consorsb­ank.de/ev/­aktie/actu­a-co-US005­0941071