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Praemium Ltd ( (AU:PPS) ) just unveiled an update.
Praemium Limited announced that no additional payments are due to Iress Limited for the second earn out period following the acquisition of the OneVue Platform Business. The retained funds under administration did not meet the $3 billion threshold due to client outflows and contract terminations. Despite this, Praemium’s CEO remains optimistic about achieving $3 million in annual EBITDA from synergies related to the acquisition, with no expected material impact on earnings.
The most recent analyst rating on (AU:PPS) stock is a Hold with a A$1.00 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 operates in the financial services industry, specializing in investment platforms and technology solutions. Their primary focus is on providing portfolio administration and reporting services to financial advisers and institutions.
Average Trading Volume: 1,097,800
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$404.3M
Learn more about PPS stock on TipRanks’ Stock Analysis page.