These tech shares are flying

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.

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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.

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