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Objective Corporation Ltd ASX:OCL

Enterprise SaaS Enterprise Software Recurring Revenue

0 opened or increased3 held1 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 5 managers in total.

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20252026

13 Jul 2025 to today

Commentary Showing 2 of 7

DateManagerActionSummary

31 Jul 2026Seneca Financial SolutionsHeldSeneca Financial Solutions continues to hold Objective Corporation despite the stock falling 32.0% in July to become the largest detractor, after the Department of Defence elected not to renew its long-standing Upgrade and Support Program agreement. The manager notes there is no impact on FY26 earnings, but the decision reduced Objective's expected recurring revenue growth from 10-14% to approximately flat.

Monthly Report, price recorded $7.00

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31 Jul 2026Pendal GroupHeldPendal Group held an overweight position in Objective Corporation, which fell 32% after losing a long-standing contract with a Department of Defence agency, raising some concern about further customer churn, making it a detractor for the fund. The manager notes the company benefits from low customer concentration, a migration to a new AI-enabled platform, and a strong balance sheet.

Monthly Report, price recorded $7.00

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Articles

31 Jul 2026Objective Corporation Fell 32% on a Lost Defence Contract Renewal
10 Jul 2026Objective Corp's Growth Story Hits a Snag on a Lost Defence Deal

About Objective Corporation Ltd

Information Technology, Software

Objective Corporation (ASX:OCL), a government software provider, fell sharply after losing a major defence contract. In July 2026, NorthStar sold Objective after it lost a high-margin defence contract, describing it as a tough holding. Seneca reported a 32% fall, making it its largest detractor, after the Department of Defence chose not to renew its long-standing upgrade and support arrangement, and Pendal noted concerns about further customer churn. Lakehouse said Objective had a frustrating year, with multiple deals pushed out driving downgrades to its growth outlook. Objective Corporation operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 7 comments from 5 fund managers, including NorthStar, Seneca, Pendal and Lakehouse. Founded in 1987 and headquartered in North Sydney, Objective provides content management, planning and regulatory software to government agencies in Australia, New Zealand and the UK.

Market cap: $561m
Price to earnings: 18.3x
Return on equity: 34.5%
Dividend yield: 4.1%
Price to book: 6.15x
Net margin: 27.6%
52-week range: $4.75 to $20.20

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

Questions

Who is investing in Objective Corporation Ltd (ASX:OCL)?

Fund managers including Elston Asset Management, Lakehouse Capital, NorthStar Impact Funds, Seneca Financial Solutions and Pendal Group have invested in Objective Corporation Ltd (ASX:OCL).

What opportunities or catalysts do fund managers highlight for Objective Corporation Ltd?

Pendal notes management remains confident in the broader business, and Objective's government software retains sticky customer relationships across multiple agencies.

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

Managers highlight the loss of a long-standing Department of Defence contract, concerns about further customer churn and repeated growth downgrades due to delayed deals, according to NorthStar, Seneca, Pendal and Lakehouse.

What does Objective Corporation Ltd (ASX:OCL) do?

Objective Corp. Ltd. is an Australian information technology company founded in 1987, headquartered in North Sydney. It provides software and services across three key segments: Content and Process, RagTech, and Planning and Building. The Content and Process segment delivers enterprise content management for information governance. RagTech focuses on government regulation technology solutions. The Planning and Building segment offers Objective Trapeze products to digitize development application plan reviews and assessments. Objective Corp. enables organizations to manage information, ensure compliance, and streamline administrative workflows through specialized digital transformation tools.

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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