Bravura Solutions is the financial technology company behind the Sonata wealth management platform. This popular platform allows financial advisers to connect and engage with clients via computers or smart devices.
In addition to this, the company has been bolstering its offering with a number of key acquisitions in recent years. This includes the addition of FinoCamp, Midwinter, and Delta Financial Systems.
FinoCamp builds unique and highly flexible software that supports the UK wealth market, Midwinter is a financial planning software provider, and Delta Financial Systems provides technology to power complex pensions administration in the UK market.
FY 2021 looks set to be a very challenging year because of the pandemic and Brexit. However, analysts at Goldman Sachs think investors should look beyond this short term weakness and focus on its strong long term growth potential.
The broker currently has a buy rating and $4.50 price target on its shares. It is also forecasting dividends of ~10.6 cents per share, ~12.4 cents per share, and ~14.4 cents per share over the next three years. This represents yields of 3.5%, 4.1%, and 4.7%, respectively.
BVS Price at posting:
$3.07 Sentiment: Hold Disclosure: Held
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