5 Top Weekly NASDAQ Tech Stocks: Index Slides … Again

The Ultimate Software Group, LogMein, HealthStream, RealPage, and Pegasystems were last week's top stocks on the on the NASDAQ 100 Technology Sector.

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The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) trended downwards again last week, dropping 1.84 points to close at 3,203.11 points on Thursday.

Although a short week, a number of stocks made gains on the index despite the sector losing ground for the second week in a row.  In particular, the 5 top gaining stocks from Monday-Thursday include:

  • The Ultimate Software Group (NASDAQ:ULTI)
  • LogMein (NASDAQ:LOGM)
  • HealthStream ( NASDAQ:HSTM)
  • RealPage (NASDAQ:RP)
  • Pegasystems (NASDAQ:PEGA)

Here’s a closer look at those companies.

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The Ultimate Software Group

The Ultimate Software Group provides cloud software through its UltiPro services, which delivers human resources, talent management and payroll all in one. UltiPro is the company’s flagship software, which allows organizations to access people management in the cloud.

On April 12, the company announced that AmeriPride had begun using UltiPro to consolidate North American HR and payroll operations for companies both in the US and Canada. As such, it should come as no surprise that The Ultimate Software Group’s shares budged 2.15 percent to close at $201.20 on Thursday.

LogMein

LogMein describes itself as simplifying how people interact with each other, and around the world. According to its website, the company has a platform that supports two million users per day, 200 million customer engagements and five billion voice minutes per year.  In other words, LogMein offers cloud solutions for collaboration, IT management, customer engagement, and the Internet of Things.

While there was no specific news related to its share price increase of 1.74 percent last week to $102.15, it did announce it had set the date to release its first quarter 2017 results.

HealthStream

Middle of the pack is HealthStream, whose shares increased by 0.97 last week to close the four-day period at $23.83.

HealthStream’s focus is on on providing e-learning solutions in the healthcare industry. That said, the company did not have any news during the trading week that would relate to its share price increase.

RealPage

RealPage provides software and data analytics in the real estate sector, including military, student, single-family, senior and vacation housing. Founding in the late 90s, the company serves over 11,000 clients in North America, Europe and Asia.

On April 12, RealPage announced that PCCP, a real estate investment management firm, selected RealPage’s Portfolio Asset Management solution to provide investor insight into global investment and portfolio performance. As such, the news no doubt helped the company’s share price increase 0.7 percent to close at $35.95 on Thursday.

Pegasystems

Last but not least is Pegasystems, whose shares increased slightly by 0.58 percent to close the week at $43.60.

Pegasystems is a software company which describes itself as streamlining business and enhancing customer engagement through on-premise and cloud-based apps.

While there was no related news during last week’s trading, the company did release new research on April 4 revealing that customers are confused about what artificial intelligence is.

Don’t forget to follow us @INN_Technology for real-time news updates.

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

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This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly NASDAQ Tech Stocks: Index Slides – April 9, 2017

By Jocelyn Aspa

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) dropped last week, falling 0.41 percent to end the five-day period at 3,263.16 points.

While the index took a bit of a slide, the Nasdaq Composite is still on pace for its best quarter in over 3 years, having already climbed 13.75 percent so far this year.

On that note, a number of technology stocks also had strong weeks, including:

  • Mitek Systems (NASDAQ:MITEK)
  • Perion Network (NASDAQ:PERI)
  • USA Technologies (NASDAQ:USAT)
  • Planet Payment (NASDAQ:PLPM)
  • NetSol Technologies (NASDAQ:NTWK)

Here’s a closer look at those companies.

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Mitek Systems

Mitek Systems develops, markets and sells mobile capture and identity verification software solutions that allow customers to remotely deposit checks and perform other banking activities.  The company’s ID document verification allows an enterprise to verify a user’s identity during a mobile transaction, allowing financial institutions, payments companies and other business to transact business safely.

On April 6, the company announced it had processed an estimated $1 trillion in cumulative check value, which no doubt contributed to its rising share price over the five-day period. Last week, shares of Mitek increased 12.78 percent to close at $7.50 on Friday.

Perion Network

Next on the top NASDAQ tech stocks is Perion Network, whose advertising division, Undertone, helps brands obtain consumer attention through proprietary ad formats served across publishers.

Last week, shares of Perion Network rose 10.11 percent to close the five-day period at $1.96. Despite its share price increase, there was no related news during the trading week.

USA Technologies

USA Technologies has been assisting its customers in self-serve retail transition to cashless payment and telemetry for over 15 years.

On April 4, the company announced it had achieved a three-year goal of 500,000 connections to its ePort Connect service, which no doubt was a contributing factor to USA Technologies’ share price increase. At the close on Friday, the company’s share price was $4.60,  a rise of 8.24 percent.

Planet Payment

Planet Payment is also an electronic payment processing system, who delivers payment processing and multi-currency solutions to over 70 financial services. The company also helps merchants sell goods and services, and assists banks by helping them expand into new markets.

Last week, shares of Planet Payment rose 7.54 percent to close the five-day period at $4.28. Despite the increase, there was no related news.

NetSol Technologies

Last but not least is NetSol Technologies, whose shares rose 6.86 percent over the five-day period to close at $5.45 on Friday.

NetSol Technologies has been providing solutions to the leasing/lending and asset finance industry for over 40 years. The company has worked with over 200 finance and leasing companies in over 30 countries, using IT solutions to help its clients streamline business operations.

That said, the company did not have any related news during the trading period.

Don’t forget to follow us @INN_Technology for real-time news updates.

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

Tech Forecast and Promising Tech Stocks To Buy in 2017

Learn about breakthrough technology about to impact lives around the globe. We cover the entire industry in our FREE investor’s report.   Gain Access

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Tech Forecast and Promising Tech Stocks To Buy in 2017

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