Shares in software products and services company Bravura Solutions Ltd (ASX: BVS) are at a 52-week high zooming up 106% from its $1.41 share price at this time last year to $2.94 at the time of writing.
Investors are rallying behind Bravura after it signed a long-term contract with Commonwealth Superannuation Corporation for the use of its next generation wealth management Sonata platform.
With a predicted dividend yield of around 3.1% Bravura should in the very least be on your watch list as an emerging contestant in the software solutions space.
Online accounting software company Xero Limited (ASX: XRO) is storming higher alongside Bravura, up 3.9% to $36.87 at the time of writing – a rise of 94% from its $18.95 share price at this time last year and a 52-week high.
Sector stalwart Iress Ltd (ASX: IRE) has been on a downtrend according to its 12-month chart, but share prices are up 1.6% to $9.87 at the time of writing.
Superannuation fund technology enabler Link Administration Holdings Ltd (ASX: LNK) has booked some solid share price gains in the past year, but its shares have dropped 1% to $8.62 so far today following an investor presentation yesterday.
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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Bravura Solutions Ltd and Xero. The Motley Fool Australia has recommended IRESS 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 Scott Phillips.
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