Why the Bravura share price just hit another record high

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.

JUST RELEASED: Our Top 3 Dividend Bets for 2019

NEW! The Motley Fool’s team of crack analysts has just released a timely report revealing the names and codes of their top 3 dividend share recommendations for 2019. Be among the first investors to get access—FREE, for a strictly limited time. You’ll discover the names of 3 hefty dividend paying companies with what our analysts consider to be solid growth prospects for the year ahead…

The first two currently offer fat, fully franked yields and the third is a surprising REIT offering you the chance to become a landlord with none of the hassle! If you’re looking for hot new ideas, look no further. But you do need to hurry. Snap up your free copy now, before supplies run out!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our top 3 dividend share recommendations right away.

Motley Fool contributor Tom Richardson 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 GBST Holdings Limited and 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now