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Computershare Ltd ASX:CPU

3 opened or increased4 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 11 managers in total.

Position history by manager Showing 3 of 11 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

8 more managers have commented on CPUPro shows the full position history for all 11 managers.

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20252026

14 Aug 2025 to today

Commentary Showing 2 of 17

DateManagerActionSummary

17 Aug 2026Pendal GroupHeldPendal Group continues to hold Computershare because full-year earnings per share came in 1% above consensus, with guidance for 5% growth prompting modest upgrades, even though this was not enough to satisfy recent strength in the share price. Pendal notes clear cyclical strength in the share plans business, which delivered 20% second-half revenue growth and a 9-percentage-point jump in margin, contributing 8% to second-half earnings growth against a group-wide 5% outcome as issuer services and corporate trust saw offsetting double-digit cost growth. Pendal flags some quality concerns, including a below-the-line charge to rebreak and rehedge margin income yields and future AI investment being flagged as capital expenditure, while noting higher interest rates make it difficult to find a reasonably priced corporate trust acquisition for balance sheet deployment.

Newsletter, price recorded $40.47

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31 Jul 2026Alliance BernsteinHeldAlliance Bernstein continues to hold an overweight position in Computershare because investors continued to reward the company's interest-rate leverage, with higher short-term rate expectations supporting the outlook for margin income on large client cash balances. The manager believes Computershare is well positioned to deliver resilient medium-term earnings growth, supported by its leading global registry platform, exposure to corporate activity, strong cash generation and disciplined cost control.

Monthly Report, price recorded $40.94

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15 more comments on CPUPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 11 managers first commented on CPU.

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Articles

About Computershare Ltd

Industrials, Professional Services

Computershare (ASX:CPU), the share registry and investor services group, is valued by fund managers for its interest rate leverage. In August 2026, Pendal Group reported earnings per share 1% above consensus and guidance for 5% growth, though this did not satisfy the market after recent share price strength. Alliance Bernstein said its overweight position contributed as investors rewarded Computershare's interest rate leverage, while Endeavor and Australian Eagle initiated positions, with Australian Eagle noting the sale of lower-returning US and UK mortgage services businesses. Computershare operates in the Industrials sector within the Professional Services industry, and Thesis Tracker has captured 17 comments from 11 fund managers, including Pendal, Alliance Bernstein, Endeavor and Australian Eagle. Founded in 1978 and headquartered in Melbourne, Computershare provides share registry, employee share plan, corporate trust and investor communication services to companies globally, earning margin income on client balances.

Market cap: $24.0b
Price to earnings: 26.4x
Return on equity: 27.9%
Dividend yield: 0.0%
Price to book: 7.12x
Net margin: 18.9%
52-week range: $26.73 to $43.79

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Computershare Ltd (ASX:CPU)?

Fund managers including Ten Cap, Selector Funds Management, Alliance Bernstein, Equity Trustees Asset Management, Plato Investment Management, Perpetual Asset Management, Paradice Investment Management, Quest Asset Partners, Endeavor Asset Management, Australian Eagle Asset Management and Pendal Group have invested in Computershare Ltd (ASX:CPU).

What opportunities or catalysts do fund managers highlight for Computershare Ltd?

Managers highlight leverage to higher interest rates through margin income, a simplified business after selling mortgage services, and steady earnings growth, according to Alliance Bernstein, Endeavor and Australian Eagle.

What are the key risks to the Computershare Ltd investment thesis, according to fund managers?

Pendal notes the result failed to satisfy the market after recent share price strength, and earnings are sensitive to falling interest rates.

What does Computershare Ltd (ASX:CPU) do?

Computershare Ltd., founded in 1978 and headquartered in Melbourne, provides global investor, technology, and business services. Its core business segments include: Issuer Services (register maintenance, corporate governance), Global Corporate Trust (debt administration), Employee Share Plans and Voucher Services, Mortgage and Property Rental Services, Communication Services (document processing, mailing), Business Services (bankruptcy, class actions), and Technology Services (financial software). The company focuses on stakeholder relationship management, plan administration, and automated communication solutions, supporting corporate clients and investors worldwide through its specialized operational divisions.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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