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In the Media

Bravura Solutions Share Price Shows Impressive Growth

Jordan Baird

Jordan Baird is the head ASR Wealth Advisers client services desk and has been with the organisation since 2017. He first started investing in his early years. While he believes that investors should leave no stone unturned he has a particular interest in trading based on broad macroeconomic trends along with specific analysis of innovative up-and-coming companies.

Wealth management software provider Bravura Solutions’ (ASX: BVS) shares have seen an impressive month with growth of 29.6%. However, most notable is the stock’s drastic increase in the last two trading days, experiencing a growth of 21.6% at the time of writing.

Bravura Solution
Bravura Solutions share price experiences impressive growth after updated guidance (Source: Jason Briscoe)

This stark increase comes after Goldman Sachs upgraded the company to a buy rating from neutral.

It is understood that Goldman Sachs’ upgrade was made in light of the updated guidance on Tuesday from Bravura Solutions’ annual general meeting, revealing that the company is on track to achieve its FY 2020 guidance of mid-teen net profit growth. The update also presented that due to the recent acquisitions such as FinoComp and Midwinter which will enhance structural growth in Australia and the UK, another $3 million in net profit is projected.

Bravura Solutions’ core open source Sonata product appears to be a phenomenon in the projections of the company’s growth. The next generation wealth management administration system will enable users to connect and engage with clients anytime, anywhere, using their choice of device; for example, desktop / laptop, tablet or smartphone.

Goldman Sachs is optimistic towards the company’s new Sonata product, noting the efficiency of the function funded by new clients, which can then be rolled out to other clients,

We see Sonata’s track record with an established client base and continued product development as key selling points.

When determining whether to invest or not, it is important to consider that the share has already reached $5.01, which is almost at Goldman’s target share price of $5.06. This implies that the upside potential for the stock in the short term is relatively limited and for a contrarian investor this may be a missed opportunity.

However, for those who prefer to invest with the flow of momentum and for the long run, it may be sensible to put the stock on a watch list. Given the optimism shown by Goldman Sachs for the company’s strong long-term growth potential, with new products such as Sonata entering the market, Bravura Solutions stocks could be a great buy and hold option.




This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

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