The Bravura Solutions Ltd (ASX: BVS) share price hit a record high of $5.68 this morning despite the Sydney-based company releasing no specific news to the market.
The Bravura share price is now up around 140% over the past year alone and part of the S&P/ ASX200 (ASX: XJO) index of leading Australian companies.
It operates in the popular "fintech" space alongside the likes of Iress Ltd (ASX: IRE), GBST Holdings Ltd (ASX: GBT), Hub24 Ltd (ASX: HUB) and Netwealth Ltd (ASX: NWT).
For the six-months ending December 31 2018 Bravura delivered a net profit of $16.3 million on revenue of $127.4 million, which were up 15% and 24% respectively over the prior corresponding period.
Like Iress and GBST, Bravura has identified the large UK financial services and pensions market as a growth target and is forecasting full year earnings per share growth in the mid-to-high teens. The strong forecast and outlook is probably combining to lift the share price higher.
