Praemium Ltd (ASX: PPS) shares have been flying high again today climbing 7% to yet another 52-week high of 61 cents. It appears as though buyer sentiment is gaining momentum off the back of an announcement earlier in the month that the company achieved record platform inflows and funds under administration for the recent quarter.
Yesterday the high performing fund management firm and major shareholder Paradice Investment Management increased their holding 1.5% to now hold 9.755% of the voting power.
This takes Praemium Ltd's lofty valuation to just shy of 50x earnings. Whilst this an extremely high valuation the company could continue to grow further should it continue to deliver promising results.
The company is also in a good position to increase its bottom line should the Australian dollar come under pressure from rising US interest rates and slower economic growth in Australia.
Foolish takeaway
Take a look at these other promising fintech shares I would consider buying today.
