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The Bravura Solutions Ltd (ASX:BVS) share price continues to rocket higher

share price rocket

The Bravura Solutions Ltd (ASX: BVS) share price is at a 52-week high at the time of writing – up 5.2% to $4.64.

So what?

Bravura’s share price has risen 157% in the last 12 months – a pattern of growth its shareholders are crossing their fingers it can continue on the trajectory of.

Bravura provides software solutions for wealth management, life insurance, and funds administration – all growing niches that continue to gain ground as the big four banks dump such platforms from their offerings.

Bravura is coming up with the goods in terms of fundamentals too, with solid FY18 results revealing NPAT rise of 27% and a revenue increase of 15%.

What’s next?

This mid-cap stock is still considered speculative by most, but it joins a legion of fast-growing tech stocks that are causing excitement among investors, such as Altium Limited (ASX: ALU), which has seen its own share price jump 83% in the last year.

The Xero Limited (ASX: XRO) share price and the Afterpay Touch Group Ltd (ASX: APT) share price are both worth a watch right now too, with Xero up 2.4% today to $44.01 and Afterpay rising a whopping 13.9% to $14.83.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO, Altium, Bravura Solutions Ltd, and Xero. 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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