With savings accounts and term deposits still offering very low interest rates, the share market arguably remains the best place to earn a passive income.

But which ASX dividend shares should you consider buying? Two to look closely at are listed below:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The Charter Hall Social Infrastructure REIT is a real estate investment trust focused on social infrastructure properties. These include properties such as childcare centres and government sites.

Demand has been very strong for its properties. So much so, at the end of the first half of FY 2021, the company had an occupancy rate of 99.7% and a weighted average lease expiry (WALE) of 14 years. A recent update reveals that its WALE has lengthened again following a series of renewals.

This underpinned solid earnings growth during the half, allowing the Charter Hall Social Infrastructure REIT board to increase its fully year distribution guidance to 15.7 cents per share for FY 2021.

Since then, it has reaffirmed this guidance and advised of plans to pay a special distribution of 4 cents per unit in FY 2021. This brings its full year distribution to 19.7 cents per unit.

Based on the current Charter Hall Social Infrastructure REIT share price, this will mean a yield of 5.4% for investors. Goldman Sachs currently has a buy rating and $3.60 price target on its shares, which is broadly where its shares trade today.

Transurban Group (ASX: TCL)

Another ASX dividend share for investors to look at is this leading toll road operator.

Transurban has a portfolio of 17 roads in Australia and four in North America. It also has a significant project pipeline across its networks that look set to underpin further growth in the coming years.

And while trading conditions are mixed at the moment due to the pandemic and putting pressure on distributions, it could be worth sticking with the company. Especially given how analysts believe that distributions will start to normalise again very soon.

Ord Minnett is positive on the company’s future. Its analysts currently have a buy rating and $16.00 price target on the company’s shares. This compares to the latest Transurban share price of $14.29.

As for dividends, Ord Minnett is forecasting dividends of 37 cents per share in FY 2021 and then 58 cents per share in FY 2022. This will mean yields of 2.7% and 4.1%, respectively, over the next two years.

The post 2 quality ASX dividend shares with very attractive yields appeared first on The Motley Fool Australia.

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• 2 excellent ASX shares for a retirement portfolio
• This ASX dividend share just declared a special distribution

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX telecom shares put in a mixed performance over the 2021 financial year (FY21).

During the 12 months from 1 July 2020 through to 30 June 2021, the All Ordinaries Index (ASX: XAO) gained 25%.

Only the top 3 performing ASX telecom shares beat the All Ords returns in FY21. And 1 of those 3 companies wasn’t even listed on the exchange when the financial year kicked off.

With that said, and another financial year fading in the rear-view, here are the 5 best performing telecom shares for the year gone by.

Uniti Group Ltd (ASX: UWL)

By far the best performing ASX telecom share is S&P/ASX 200 Index (ASX: XJO) listed Uniti, with shares up 133% in FY21.

Based in South Australia, the internet and telecommunications company is involved in the construction of communications infrastructure, including mobile towers and fibre cables.

Uniti closed the financial year at $3.30 per share. With just under 677 million shares outstanding, Uniti has a market cap of $2.24 billion.

Aussie Broadband Ltd (ASX: ABB)

The second best performing ASX telecom share is Aussie Broadband, with a share price gain of 57% for the financial year just past.

Aussie Broadband is a newcomer to the ASX, having only listed on 16 October. Meaning it wasn’t trading during the first three and a half months of FY21. But having posted more than double the gains of our number 3 ASX telecom share, it’s earned its place in this list.

Active across Australia, the company provides national broadband (NBN) subscriptions to residential properties and businesses large and small.

Aussie Broadband closed on 30 June at $2.95 per share. With some 190 million shares outstanding, it has a market cap of $562 million.

Tuas Ltd (ASX: TUA)

Coming in at number 3 is Tuas, with a financial year share price gain of 27%.

Tuas was incorporated in March 2020 as part of the TPG Telecom Ltd (ASX: TPG) group of companies. Tuas listed on the ASX on 30 June 2020, 1 day before FY21 kicked off.

Tuas finished off FY21 with a share price of 65 cents per share. With roughly 464 million shares outstanding, it has a market cap of $299 million.

Macquarie Telecom Group Ltd. (ASX: MAQ)

With a share price gain of 16%, Macquarie Telecom is the fourth best performing ASX telecom share in FY21.

The company listed on the ASX on 27 September 1999 and operates through 2 segments, telecom and hosting.

Macquarie Telecom closed at $52.91 per share on 30 June, giving it a market cap of $1.14 billion. The company pays a 1.1% dividend yield, fully franked.

Telstra Corp Ltd (ASX: TLS)

Rounding off our list of best performing ASX telecom shares at number 5 is industry powerhouse Telstra, with a share price gain of 13% in FY21.

Telstra is Australia’s largest and longest-running provider of telecommunications and information products and services. It’s also active internationally, with a presence in 20 countries across the globe. With a market cap of $44.72 billion, it’s one of the largest companies on the ASX.

Telstra finished the year at $3.76 per share. It pays an annual dividend yield of 2.8%, fully franked.

The post Here are the 5 best ASX telecom shares of the 2021 financial year appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today
• ASX blue chips set to unleash buybacks and dividends! But which is better?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Aussie Broadband Limited. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Thanks to a strong finish on Friday, the S&P/ASX 200 Index (ASX: XJO) was able to push ever so slightly higher last week to end at 7,308.6 points.

A number of ASX 200 shares recorded notably stronger gains over the period. Here’s why these were the best performers on the index:

IDP Education Ltd (ASX: IEL)

The IDP Education share price was the best performer on the ASX 200 last week with a gain of 17.8%. All of this gain occurred on Friday in response to the announcement of a major new acquisition. The language testing and student placement company is acquiring 100% of the British Council’s Indian International English Language Testing System operations for 130 million pounds (A$240 million). The deal will mean that IDP Education is the sole distributor of IELTS in the massive Indian market.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price was some way behind as the next best performer with a 9.5% gain. This appears to have been driven by a bullish broker note from a week earlier. Thanks to rising commodity prices, Macquarie has put an outperform rating and $73.00 price target on the company’s shares. It likes the company due to its exposure to both iron ore and lithium. The Mineral Resources share price ended the week at $55.54.

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price wasn’t far behind with an 8.1% gain over the five days. This was despite there being no news out of the retail giant. However, investors may believe the recent outbreak of COVID-19 across several Australian states could be another boost to sales like this time last year.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price was a solid performer, rising 5.8% over the week. Once again, this was despite there being no news out of the biopharmaceutical company. Though, the company recently announced that its afamelanotide drug has been administered to a first patient diagnosed with an acute arterial ischaemic stroke (AIS). This patient was enrolled in a world’s first clinical trial (CUV801) after suffering an acute stroke and being admitted to a specialist neurological hospital in Australia to receive treatment. Investors may be optimistic that the result from this trial will be positive.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today
• The Afterpay (ASX:APT) share price is slipping today while the ASX 200 gains
• Why a2 Milk, Chalice Mining, IDP Education, & Imugene are charging higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Idp Education Pty Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) had a mixed five days last week. But thanks to a strong finish, the benchmark index was able to record a very small weekly gain to end at 7,308.6 points.

Unfortunately, not all ASX 200 shares were able to push higher with the market. Here’s why these were the worst performers on the index:

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price was the worst performer on the ASX 200 with a 13.1% decline. The quick service restaurant operator’s shares actually stormed to a record high following the release of its full year results, before starting to sink. This may have been driven by a couple of broker downgrades. Largely on valuation grounds, UBS and Morgans downgraded the company’s shares to neutral/hold ratings.

AGL Energy Limited (ASX: AGL)

The AGL share price wasn’t far behind and sank 10% over the five days. Investors were selling the energy company’s shares following the release of an update on its demerger plans. AGL Energy is planning to become Accel Energy, an electricity generation business focused on the accelerating energy transition. It will then demerge a new entity, AGL Australia, which will be a multi-product energy-led retailing and flexible energy trading, storage and supply business. In order to conserve cash, Australia’s biggest polluter decided to terminate its special dividend program. It also warned of earnings declines in FY 2022.

Bega Cheese Ltd (ASX: BGA)

The Bega share price was out of form and dropped 9.7% last week. This was despite there being no news out of the diversified food company. In fact, not even a positive broker note out of Bell Potter could stop its shares from sinking. Bell Potter is a fan of its recent acquisition of Lion Dairy and Drinks. It has a buy rating and $7.35 price target on its shares.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price was a poor performer and tumbled 9.6% over the period. Once again, this was despite there being no news out of the sports betting company. Though, it is worth noting that rival BlueBet Holdings (ASX: BBT) completed its IPO on Friday. This could potentially mean that some investors sold out of PointsBet to take a position in BlueBet. The BlueBet share price rocketed higher following its listing.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Collins Foods Limited and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) went up 0.6% today to 7,309 points.

Here are some of the highlights from the ASX:

Westpac Banking Corp (ASX: WBC)

The Westpac share price was flat today – after the other big banks went up around 1% – with the bank telling investors it had uncovered potential fraud.

The potential fraud relates to a portfolio of equipment leases with Westpac customers arranged by Forum Finance, which were referred to Westpac’s institutional bank.

Westpac said that whilst investigations are ongoing and the NSW police, ASIC and APRA have been notified, at this stage it appears no Westpac customer has suffered a financial loss.

The bank has a potential exposure of around $200 million after tax, with the extent of any loss dependent on the outcome of its investigations and recovery actions underway.

Westpac has obtained certain asset freezing and search orders to preserve available assets and relevant information.

The big four ASX 200 bank is continuing to investigate how this occurred, including undertaking an external review.

Westpac CEO Peter King said:

Westpac takes fraud very seriously and will take all necessary actions to protect the interests of the bank and its customers.

This is a complex issue, and we are working at pace to address it, including engaging with the police and regulators. At this preliminary stage, the potential fraud is sophisticated and appears to have been perpetrated externally.

Our new chief executive of the institutional bank, Anthony Miller, is working with our customers to ensure no disruption to their operations.

RPMGlobal Holdings Ltd (ASX: RUL)

The RPMGlobal share price went up almost 5% today in response to its update.

The total contracted value (TCV) derived from software subscriptions sold and software revenue from perpetual license contracts concluded during FY21 which together totalled $52.9 million, $9.5 million of which has been sold since 18 June 2021.

RPMGlobal expects to finish FY21 with software subscription TCV of $47.7 million (up from $34.5 million in FY20), an increase of $7.3 million from 18 June 2021.

The company’s annual recurring revenue (ARR) from software subscription is $21.9 million per annum.

Perpetual software license sold during FY21 finished at $5.2 million (down from $6.9 million in FY20), $2.2 million has been sold since 18 June 2021.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price dropped 0.6% today after an announcement about some proceedings.

The ASX 200 global insurer was made aware that Strand Fitness and others have filed a representative proceeding against QBE in the Federal Court of Australia.

These proceedings allege that QBE wrongfully denied cover to certain policyholders during the COVID-19 pandemic for losses arising from business interruption.

QBE said the allegations will be defended.

The insurer said the issues raised in these proceedings appear to be substantially similar to those currently before the Australian courts in the second industry test case and QBE’s own Federal Court proceeding against Educational World Travel in liquidation and its liquidator.

QBE stated it’s committed to applying the rulings of the courts in the industry test cases when assessing claims. It’s satisfied that its reserving in respect of business interruption claims remain robust.

The post ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises appeared first on The Motley Fool Australia.

More reading

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• Why BWX, IPH, Novatti, & QBE shares are dropping
• The Afterpay (ASX:APT) share price is slipping today while the ASX 200 gains

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended RPMGlobal Holdings. The Motley Fool Australia has recommended RPMGlobal Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) delivered its biggest year of gains since its creation in 2000. At the final bell for the 2021 financial year on Wednesday evening, the benchmark index had finished 24% higher than it was a year prior. Though, it was no match for the bountiful returns delivered by some ASX tech shares.

While we sometimes look at the best performers of a sector within the ASX 200, today we’re casting the net wider. Below are the 5 best performing tech shares from the broader All Ordinaries Index (ASX: XAO).

5 top-performing ASX tech shares in FY21

Praemium Ltd (ASX: PPS)

Praemium is a provider of portfolio administration, investment platforms, and financial planning tools to the wealth management industry. The company operates in close competition with other financial platform providers such as HUB24 Ltd (ASX: HUB), which took out the fourth spot in our ‘best performing ASX 200 shares’ list.

Looking at the one-year chart on this one, you will see the significant moves to the upside line up with each of the company’s quarterly reports. With each quarterly report, Praemium’s all-important funds under management (FUM) climbed. By its March 2021 update, FUM had reached $37.9 billion, an increase of 96% on the prior year. This was helped along by the acquisition of Powerwrap in October 2020.

Shares in this ASX tech company rose 195% in FY21. At the time of writing, the Praemium share price is fetching $1.03.

Life360 Inc (ASX: 360)

San Francisco-based tech company, Life360 offers a family-orientated mobile application. Through it, parents can have real-time location sharing, crash detection, and messaging with their kids.

The company has recently strengthened its offerings by adding Jiobit to its team for $37 million. Management believes the addition of this wearable location device provider opens up cross-selling opportunities and is supportive in meeting Life360’s growth strategy.

The Life360 share price delivered shareholders a paper profit of 206% in the last financial year.

Weebit Nano Ltd (ASX: WBT)

Weebit Nano is a developer of computer memory technology. The company’s market capitalisation has surged to $220 million in what has been a massive financial year for its shareholders.

Back in August 2020, the Weebit Nano excitement mounted following its success of achieving the “stabilisation” process of its oxide ReRam technology. This milestone indicated the company’s production process is repeatable and consistent. Building off that, further announcements regarding progress towards official production continued to push the share price higher.

Shareholders who managed to hold onto this ASX tech share enjoyed a return of 452% in FY21.

BrainChip Holdings Ltd (ASX: BRN)

Another chip developer, BrainChip holdings is working on producing an artificial intelligence processor for the “Internet of Things” market. Its AKD1000 processor, enabled with BrainChip’s Akida technology, is aimed at solving complex problems with low power usage.

An agreement with VORAGO to support development for a ‘neuromorphic’ processor that meets spaceflight requirements for NASA got investors excited in September of last year. Further catalysts took shape in NASA ordering an Akida Early Access Evaluation Kit and the announcement of volume production by Taiwan Semiconductor Manufacturing Company.

All that excitement translated to a share price return of 470% during the financial year.

Pointerra Ltd (ASX: 3DP)

Finally, taking out the number one spot for the best performing ASX tech share in FY21 is Pointerra. The Australian company offers unique 3D geospatial data technology to solve problems related with digital asset management workflows. This software allows very large, high resolution datasets from any part of the world for instant access.

The initial thrust in Pointerra’s share price followed a strategic investment in the company by serial tech entrepreneur, Bevan Slattery. This investment involved Mr Slattery purchasing 50 million shares for $2.5 million. Given Bevan’s track record with the likes of NextDC Ltd (ASX: NXT), Superloop Ltd (ASX: SLC), and Megaport Ltd (ASX: MP1) – other investors quickly followed suit. More recently, the company’s shares have weakened after announcing the acquisition of a drone-based digital asset management business Airovant LLC.

By the end of the financial year, Pointerra’s share price was far higher than the 5 cents that Mr Slattery snagged it at. Astonishingly, its shares climbed 1067% in FY21, making it a 10-bagger in the space of a year.

The post Here are the 5 best performing ASX tech shares from FY21 appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Hub24 Ltd, MEGAPORT FPO, Pointerra Limited, Praemium Limited, SUPERLOOP FPO, and Taiwan Semiconductor Manufacturing. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Life360, Inc. The Motley Fool Australia has recommended Hub24 Ltd, MEGAPORT FPO, Pointerra Limited, and Praemium Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) finished the day up 0.59% to 7,308.6 points at the closing bell.

Let’s look at the biggest movers and shakers among ASX 200 shares today, based on trading volumes.

The ASX 200 shares that saw the most trading today

Alumina Limited (ASX: AWC)

Alumina was the most heavily traded ASX 200 share on the boards today, with a very heavy 19.96 million shares finding their way around the market.

This aluminium/alumina producer saw a fair level of volatility during today’s session.

Alumina shares opened strongly and were up more than 1.2% at one point. But by close of trade, the company had given up all of those gains to finish at $1.63 — the same closing price as yesterday.

Telstra Corporation Ltd (ASX: TLS)

Telstra was another top volume ASX 200 share today. A substantial 19.25 million shares traded hands but the price only moved 0.8% up to $3.79.

This ASX 200 share has had a heck of a week. Telstra shares rocketed 4.6% on Wednesday to hit a new 52-week high and remain up 5.42% over the past 5 trading days.

Telstra’s Wednesday announcement that it will be selling off half of its mobile towers business seemed to be the underlying catalyst here.

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price had a fantastic day, gaining a robust 5.16% to finish the session at $6.52. This is probably why 12.46 million shares were traded.

As my Fool colleague covered this morning, A2 has been the recipient of some broker love recently, which might have contributed to this large trading volume, too.

The A2 Milk share price is still down 43% year to date, but it’s also up more than 27% since its most recent low on 19 May.

A non-ASX 200 honourable mention

Although 88 Energy Ltd (ASX: 88E) is not an ASX 200 share, it is still worth mentioning today. Why? Well, because a mind-boggling 597.7 million 88 Energy shares were traded today.

This probably contributed to the 88 Energy share price shooting up by close to 40%, which I invite you to read all about!

The post 3 ASX 200 shares moving on the market today appeared first on The Motley Fool Australia.

More reading

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• Brokers name 3 ASX shares to buy today
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• Why a2 Milk, Chalice Mining, IDP Education, & Imugene are charging higher
• Why the Suncorp (ASX:SUN) share price is on the rise today

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited and A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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One big positive in this low interest rate environment is that the share market is home to shares offering generous yields.

Two such shares are listed below. Here’s why they could be dividend shares to buy:

National Australia Bank Ltd (ASX: NAB)

If you’re looking for exposure to the banking sector, then you might want to look at NAB. While times have been hard for the big four banks in recent years, things are looking very different now.

Thanks to improving trading conditions, a booming housing market, and cost cutting, NAB’s outlook is arguably the most positive it has been in a long time.

It is for this reason that analysts at Goldman Sachs currently have a conviction buy rating and $29.97 price target on the bank’s shares. NAB remains the broker’s preferred sector exposure due to its cost management initiatives, its position as the largest business bank, and its strong capital position.

Combined, the broker believes NAB is in a position to grow its dividend at a solid rate over the coming years. It is forecasting fully franked dividends per share of 124 cents in FY 2021, 133 cents in FY 2022, and $1.38 in FY 2023.

Based on the current NAB share price of $26.23, this will mean yields of 4.7%, 5.1%, and 5.3%, respectively.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

Goldman Sachs is also positive on Sydney Airport. Although the airport operator has been hit hard by the pandemic, the broker believes it is worth sticking with it.

The broker notes that the airport operator remains in an effective hibernation and expects it to be a major beneficiary of the Australian domestic inoculation strategy.

And while it isn’t expecting much by way of dividends this year, Goldman believes this will change in the years to come. The broker is forecasting dividends per share of 9 cents in FY 2021, 27 cents in FY 2022, and then 31 cents in FY 2023.

Based on the current Sydney Airport share price of $5.81, this will mean yields of 1.5%, 4.6%, and 5.3%, respectively, over the coming years. Goldman Sachs has a buy rating and $6.73 price target on the company’s shares.

The post Broker names 2 ASX dividend shares to buy appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The WiseTech Global Ltd (ASX: WTC)’s share price ended the week in the green, recovering from a 4.4% dip into the red after the market open today.

WiseTech shares bounced back to reach an intraday high of $32.06, before ending the day up 0.44% at $31.93.

What happened today?

There was no market-sensitive information specific to the company released today that would have a direct impact to WiseTech’s share price.

Currently, WiseTech shares are trading off a 52-week high of $34.42, but are aloft their 52-week low of $18.91, which occurred back in August 2020.

The company’s share price has gained 62% over the previous 12 months, above the S&P/ASX 200 Index (ASX:XJO)’s return of about 21% over this same time.

However, after a bumpy year to date, WiseTech shares are in the green by 3.8%, lagging the S&P/ASX 200 Index’s return of nearly 11% since January 1.

Over the previous 5 trading sessions, WiseTech finished up by 2.6%, beating the broad index which had only a 0.3% gain over the same time.

Back in June, analysts at Morgan Stanley maintained their overweight rating on the WiseTech shares, assigning a price target of $35.00, which implies an upside potential of 9.6% from the current share price.

The investment bank believes recent secular tailwinds in WiseTech’s end markets will help drive earnings growth into the coming years.

Macquarie Bank also has an outperform rating on the company’s shares, with a price target of $34.00.

WiseTech Global share price snapshot

With a current share price of $31.93, WiseTech has a market capitalisation of $10.3 billion and trades at a price-to-earnings ratio (P/E) of 70.

The company also posted earnings per share of 45.2 cents at its last earnings release, and pays a dividend of 0.4 cents per share, fully-franked.

The current dividend yield is 0.13%, and the company has made good on each dividend payment since March 2017.

The post WiseTech Global (ASX:WTC) share price bounces back to finish in green appeared first on The Motley Fool Australia.

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• ASX 200 up 0.3%: CSL downgraded, Zip drops, Charter Hall impresses
• Broker tips WiseTech Global (ASX:WTC) share price as a buy

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended WiseTech Global. The Motley Fool Australia owns shares of and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australian share market is home to a number of quality companies with solid growth prospects.

Two that have been tipped to grow strongly over the long term are listed below. Here’s why analysts think investors should be buying their shares:

ELMO Software Ltd (ASX: ELO)

ELMO could be a growth share to get better acquainted with. It is a cloud-based human resources and payroll software company with operations in the ANZ and UK markets.

It has been a strong performer over the last few years thanks to the shift to the cloud, its expansion, and the acquisition of Breathe and Webexpenses. Pleasingly, its positive form has continued largely unabated during the pandemic.

For example, in May ELMO released a trading update and upgraded its annualised recurring revenue (ARR) guidance for FY 2021 to be between $83 million and $85 million. This will be up 50.5% to 54.2%, respectively, on FY 2020’s ARR of $55.1 million.

Looking ahead, the company still has a very large market opportunity to grow into. Management estimates that it has a $12.8 billion opportunity across just the ANZ and UK markets.

Morgan Stanley currently has an overweight rating and $9.70 price target on its shares. The ELMO share price ended the week at $4.50.

Zip Co Ltd (ASX: Z1P)

Another ASX growth share that is highly rated is Zip. It is a leading buy now pay later (BNPL) provider with operations across several continents.

Thanks to the growing popularity of the payment method, its strong market position, and its international expansion, Zip has been tipped to grow strongly in the coming years. This is particularly the case for its US-based QuadPay business. The latter has been growing at a rapid rate. But given that only an estimated 10% of Americans have tried BNPL, it clearly has a long runway for growth in the $5 trillion market as penetration rates increase.

Shaw and Partners is very positive on the company. The broker has a buy rating and $16.00 price target on its shares. This compares to the latest Zip share price of $7.61.

The post 2 explosive ASX growth shares named as buys appeared first on The Motley Fool Australia.

More reading

• Got Zip (ASX:Z1P) shares? Here’s what the company has in store for FY22
• ASX 200 drops, Zip rises, Cettire up
• Here’s why the Propell (ASX:PHL) share price jumped 76% today
• Afterpay and Zip were among the most traded ASX shares last week
• These are the 10 most shorted shares on the ASX

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Elmo Software and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Elmo Software. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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