3 of the best mid cap ASX shares to buy right now

Bravura Solutions Ltd (ASX:BVS) and these ASX mid cap shares could be great options for investors right now…
The post 3 of the best mid cap ASX shares to buy right now appeared first on Motley Fool Australia. –

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In the mid cap space I continue to believe there are a good number of shares that have the potential to grow strongly over the next decade, potentially generating market-beating returns for shareholders.

Three which I think would be great options for long-term focused investors are listed below:

Bravura Solutions Ltd (ASX: BVS)

Bravura is a leading provider of software solutions for the wealth management and funds administration industries. I’m a big fan of the company due to its growing portfolio of solutions that are both high quality and have significant market opportunities. This is particularly the case for the Sonata wealth management platform. This is used by a number of large financial institutions, such as Aware Super. In fact, Australia’s second largest super fund just signed a 7-year agreement for Sonata.

Collins Foods Ltd (ASX: CKF)

Another mid cap share to consider buying is Collins Foods. It is one of the largest quick service restaurant operators in the ANZ region. At the last count, it had 240 KFC stores in Australia, 40 KFC stores in Europe, and 12 Taco Bell across Queensland and Victoria. Although this is a sizeable network, management stills see plenty of room to expand in the coming years. I expect this and the continued popularity of its brands to underpin consistently solid earnings and dividend growth for the foreseeable future. 

Damstra Holdings Ltd (ASX: DTC)

Finally, Damstra is a growing integrated workplace management solutions provider to multiple industry segments. Its cloud-based workplace management platform is used by businesses globally to track, manage and protect their workers and assets. This appears to have left it for well-placed to benefit from changes to working conditions in the post-pandemic world. Particularly given solutions such as fever detection and mobility tracking. The company also recently bolstered its offering with the acquisition of Vault Intelligence. It is a software company offering solutions which combine health, safety, compliance, and risk management.

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James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Damstra Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd and Damstra Holdings Ltd. The Motley Fool Australia has recommended Collins Foods Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 of the best mid cap ASX shares to buy right now appeared first on Motley Fool Australia.

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