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Praemium Ltd ( (AU:PPS) ) just unveiled an update.
Praemium Limited has completed the $7.5 million acquisition of Technotia Group Pty Ltd and its subsidiaries, known as Technotia Laboratories, a multi-disciplinary technology firm specialising in computing machinery and intelligence. By integrating Technotia’s advanced scientific and technology capabilities with its own wealth management expertise, Praemium aims to accelerate innovation in areas such as automation, data-driven insights and hyper-personalised strategies at scale, with the goal of improving adviser efficiency, enhancing client experiences and delivering better investment outcomes, potentially strengthening its competitive position in the wealth management technology market.
The most recent analyst rating on (AU:PPS) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on Praemium Ltd stock, see the AU:PPS Stock Forecast page.
More about Praemium Ltd
Praemium Limited (ASX: PPS) is a Melbourne-based provider of next-generation wealth management solutions, offering technology platforms and tools that support financial advisers in delivering investment management and advisory services to their clients.
Average Trading Volume: 787,763
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$375.6M
See more insights into PPS stock on TipRanks’ Stock Analysis page.