WiseTech Global Ltd (ASX: WTC) shares are taking a tumble today.

Shares in the S&P/ASX 200 Index (ASX: XJO) logistics software solutions company closed on Friday trading for $37.69. During the Monday lunch hour, shares are changing hands for $36.50, down 3.2%.

This sees WiseTech shares down a painful 61.5% since this time last year.

For some context, the ASX 200 is up 0.1% today and up 1.8% in 12 months.

As you may know, the ASX 200 tech stock has come under heavy selling pressure on several fronts.

First, investors have been concerned over the company’s governance, with founder and executive chairman Richard White catching negative media headlines over allegations of inappropriate behaviour.

The stock has also come under pressure amid global concerns that artificial intelligence can potentially replace a lot of the services that Software as a Service (SaaS) like WiseTech provides.

Or the so-called the ‘SaaSpocalypse’.

But with the share price now down almost 62% over the past 12 months, is the ASX 200 tech stock trading at a bargain?

WiseTech shares: Buy, hold, or sell?

When asked which stock in his fund is the most undervalued by the market, Emanuel Datt, chief investment officer and founder of Datt Capital, pointed to WiseTech (courtesy of the Australian Financial Review).

Commenting on his bullish outlook for WiseTech shares, Datt said:

WiseTech Global has been in the media for all the wrong reasons over the past few years, suffering from governance issues and others related to the founder. Notwithstanding, this is one of the ASX’s highest-quality technology companies with a global customer base and significant upside.

Datt added:

The company has progressed in mitigating investor concerns, materially refreshing the board and management team whilst also driving business growth via the acquisition of a major competitor, e2open, and transitioning to value-based pricing. The business has a history of growing via M&A and has significantly outperformed its own guidance in extracting synergies from e2open.

And WiseTech’s growth potential shouldn’t be ignored.

Datt concluded:

WiseTech’s product portfolio is genuinely exciting, with customer identity verification products providing the foundational element of the company’s move into offering its own supply chain finance solutions; a multitrillion-dollar global market.

What’s the latest from the ASX 200 tech share?

WiseTech reported its FY 2026 results on 26 August.

Following the company’s successful e2open acquisition, WiseTech reported a 79% year-on-year increase in revenue to US$1.395 billion.

But while underlying net profit after tax (NPAT) increased 29% to US$313.5 million, statutory NPAT was down 11% from FY 2025 to US$178.7 million.

WiseTech shares closed down 10.1% on the day of the results release.

The post Down 62%, are WiseTech shares now a buy, hold or sell? appeared first on The Motley Fool Australia.

More reading

• These ASX shares benefit from a high Aussie dollar
• Why I’m buying WiseTech shares before the market catches on
• These ASX 50 shares have lost up to 60%. Is the sell-off overdone?
• 9 ASX shares downgraded by experts post-results this week
• Down another 18%: Why I’d buy WiseTech shares in the dip

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in Pinnacle Investment Management Group Ltd (ASX: PNI) are down by almost a quarter over the past year, but according to the team at Macquarie, that presents a good buying opportunity.

The Macquarie analysts have an outperform rating on Pinnacle and a bullish share price target, which I’ll get to shortly.

First, let’s have a look at what Pinnacle does.

Major investment manager

The investment manager owns substantial stakes in a number of funds, which themselves invest across a wide range of sectors.

For example, it owns a 49.9% stake in Hyperion Asset Management, which invests in global and Australian growth equities, and has a 35.9% stake in Palisade, which invests in private infrastructure.

The amount of funds under management in these so-called affiliates came in at $229.4 billion at the end of June this year, which was up 27.9% year on year.

Pinnacle has what it calls a Three Horizons growth strategy, which involves firstly growing the management side of the business, launching brand new affiliates, and also buying stakes in and growing other affiliates.

At the time of the company’s FY26 financial report, Managing Director Ian Macoun said:

We continue to build Pinnacle to deliver sustained high rates of growth for many years into the future. Our distinct business model and Three Horizons growth strategy have built a highly diversified platform across asset classes, geographies and product formats. This platform has supported strong growth to date and provides multiple pathways for further growth, including in larger international markets where we have demonstrated that the Pinnacle model can operate successfully.

Mr Macoun said net inflows were robust across all three channels of the business.

Pinnacle’s net profit for the year was $176.7 million, up from $134.4 million, and the company increased its dividend by 25% to 78.1 cents.

Broker says shares are looking cheap

Macquarie recently reviewed the quarterly performance of three of Pinnacle’s affiliates, the Metrics Master Income Trust (ASX: MXT), the Metrics Income Opportunities Trust (ASX: MOT), and the Metrics Real Estate Multi-Strategy Fund (ASX: MRE).

The returns of these year on year came in at 8.21%, 7.38%, and 11.06% respectively, Macquarie said.

They said their outperform rating on Pinnacle shares reflects attractive organic growth supported by funds under management growth, net funds inflows, plus the potential for accretive mergers and acquisitions.

Macquarie has a price target of $23.95 for Pinnacle, compared with the current share price of $14.45.

Pinnacle is valued at $3.44 billion.

The post Macquarie says this ASX financial share could jump 65% appeared first on The Motley Fool Australia.

More reading

• A rare buying opportunity in 1 of Australia’s top shares?
• 5 things to watch on the ASX 200 on Monday
• 37 ASX shares going ex-dividend next week

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is barely higher on Monday, despite more stocks falling than rising.

At the time of writing, the benchmark index is up around 0.1% to 9,014 points, after closing 0.16% lower at 9,005 points on Friday.

But the gains are pretty narrow across the market. Around 105 ASX 200 shares are falling, compared with 85 trading higher and 10 unchanged.

So, what’s holding the ASX 200 up today?

Resources are holding the index up

The big miners are giving the market some support today.

BHP Group Ltd (ASX: BHP) shares are up 1.38% to $63.11 after reports that China Baowu Steel Group is considering buying a 15% to 25% stake in BHP’s Jimblebar iron ore mine in Western Australia.

BHP has not confirmed any deal and said it regularly considers options that could create long-term value for shareholders.

Rio Tinto Ltd (ASX: RIO) shares are also 0.76% higher at $177.24, while Fortescue Ltd (ASX: FMG) shares have gained 1.60% to $17.50.

Energy stocks are also getting a lift as oil prices rise again amid renewed tensions between the US and Iran.

Brent crude is trading around US$96.45 a barrel, while US crude is near US$91.85.

Woodside Energy Group Ltd (ASX: WDS) shares are up 0.88% to $32.11, and Santos Ltd (ASX: STO) shares have climbed 1.16% to $8.31.

Wall Street adds to rate concerns

US markets finished lower on Friday after a stronger-than-expected jobs report increased expectations that the Fed Reserve could lift interest rates again this month.

The US economy added 162,000 jobs in August, well ahead of forecasts, while the unemployment rate remained at 4.1%.

That pushed bond yields higher and weighed on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) fell 0.51%, the S&P 500 Index (SP: .INX) dropped 0.38%, and the Nasdaq Composite Index (NASDAQ: .IXIC) lost 0.29%.

Markets are now putting the chance of a September rate hike at around 60%, up from roughly 50% before the jobs data was released.

That has also put focus on US inflation figures due on Friday, which could have a big say in what the Fed does at its next meeting.

Foolish takeaway

The ASX 200 is only just in positive territory, and the session still looks fairly mixed.

Whether it stays there could depend on how long the strength in resources lasts, especially with rate expectations moving around again.

With US inflation data to come this week, there’s still plenty that could change the direction of markets.

The post What’s keeping the ASX 200 in the green today? appeared first on The Motley Fool Australia.

More reading

• Experts reckon this high-flying ASX 200 blue-chip stock is a buy
• 5 things to watch on the ASX 200 on Monday
• ASX 200 bank shares led a financial sector rebound last week
• What’s driving the ASX 200 higher today?
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.