These tech shares are flying

These three tech shares are making investors happy…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

These three tech companies have been piling on the gains for investors recently.

Medadvisor Ltd (ASX: MDR)

The Medadvisor Ltd share price is showing little sign of slowing down after gaining another 9.8 per cent on Monday.

The digital medication management company offers users a range of apps to help people monitor their use of medication.

Medadvisor Ltd, with a market value that now exceeds $45 million, has seen its share price rise by more than 50 per cent over the past year.

The company recently posted its results for the second quarter of financial year (FY) 2018, stating that cash receipts totalled $1.7 million, representing a 25 per cent increase on the previous quarter.

 

Money3 Corporation Limited (ASX: MNY)

The Money3 Corporation Limited share price was up by 6.59 per cent on Monday as the company continues its comeback.

The Money3 Corporation share price sunk to $1.25 in June last year but has since gained more than 40 per cent.

Money3 Corporation, with a market capitalisation of about $284 million, provides online lending services, among other functions.

For FY 2017 the company posted a net profit after tax of $29.1 million, a 44 per cent increase on the previous year.

 

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price is up again, gaining another 1.85 per cent on Monday as shareholders enjoy returns totalling more than 57 per cent over the past year.

The Bravura share price has been flying this month, gaining about 28 per cent with the company's shares now trading for around $2.20 after hitting another 52-week high.

Bravura provides software solutions and services aimed at numerous functions including the administration of superannuation, pensions and life insurance.

The company announced last month that it had signed a long-term contract with ASB Bank Limited for the implementation of its Sonata platform.

Bravura's other clients include the Commonwealth Bank of Australia (ASX: CBA), AMP Limited (ASX: AMP) and Westpac Banking Corp (ASX: WBC), to list a few.

Bravura posted a net profit after tax of $22.3 million, exceeding its IPO expectations by about 6 per cent.

If you're interested in learning about more tech shares, check this out…

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Bravura Solutions Ltd. The Motley Fool Australia has recommended MedAdvisor and Money3 Limited. 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.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »