Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Praemium Ltd ( (AU:PPS) ) has shared an announcement.
Praemium Limited announced that the first earn out period following its acquisition of the OneVue Platform Business from Iress Limited resulted in no additional payments owed to Iress, as the funds under administration did not meet the $3 billion threshold. This was due to client terminations and outflows, despite Praemium’s efforts to maintain commercially viable relationships. The company remains committed to achieving earnings accretion and synergies from the transaction, and anticipates no material impact on its earnings expectations. The second earn out period is in progress and will be reported in future financial statements.
More about Praemium Ltd
Praemium Limited operates in the financial services industry, focusing on providing platform services for investment administration and management. The company is known for its OneVue Platform Business, acquired from Iress Limited, which is geared towards managing funds under administration for various clients.
YTD Price Performance: 9.46%
Average Trading Volume: 975,603
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$389.3M
Find detailed analytics on PPS stock on TipRanks’ Stock Analysis page.
