Why the Praemium Ltd  share price is printing record highs 

Praemium Ltd (ASX:PPS) shares continue to climb after it announced to the market earlier in the month record platform inflows and funds under administration for the most recent quarter.  

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Praemium Ltd (ASX: PPS) shares have been flying high again today climbing 7% to yet another 52-week high of 61 cents. It appears as though buyer sentiment is gaining momentum off the back of an announcement earlier in the month that the company achieved record platform inflows and funds under administration for the recent quarter.  

Yesterday the high performing fund management firm and major shareholder Paradice Investment Management increased their holding 1.5% to now hold 9.755% of the voting power.  

This takes Praemium Ltd's lofty valuation to just shy of 50x earnings. Whilst this an extremely high valuation the company could continue to grow further should it continue to deliver promising results.

The company is also in a good position to increase its bottom line should the Australian dollar come under pressure from rising US interest rates and slower economic growth in Australia.  

Foolish takeaway  

Take a look at these other promising fintech shares I would consider buying today.

Motley Fool contributor Tim Wilks has no financial interest in any company mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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