5 Top NASDAQ Tech Stocks: FORM Holdings Gains 43.72 Percent YTD

- October 16th, 2016

This week’s NASDAQ top gainer in the Computer Software & Processing sector was FORM Holdings, followed by Park City Group, Payment Data Systems, ARI Network Services, and FunctionX.

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) started the week strong at 2,799.462 but fell to 2,718.55 points by the close on Friday.
Here is a look at how last week’s top gainers in the computer software and processing industry performed:

  • FORM Holdings (NASDAQ:FH)
  • Park City Group (NASDAQ:PCYG)
  • Payment Data Systems (NASDAQ:PYDS)
  • ARI Network Services (NASDAQ:ARIS)
  • FunctionX (NASDAQ:FNCX)

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FORM Holdings

FORM Holdings holds a diverse portfolio of companies; it is focused on identifying, investing in and developing companies with superior growth potential. In early October, FORM Holdings announced a partnership with Digital Ally Inc. (NASDAQ: DGLY), as the exclusive third party supplier of Digital Ally’s Fleet Vu solution. However, there has been no further recent news from the company to explain last week’s rise in share price.
FORM Holdings was a top gainer in September, but took the top spot again last week when it gained 16.39 percent over the five-day trading period and finished at $3.55 per share. FORM Holdings has gained 43.72 percent year-to-date.

Park City Group

Park City Group is no stranger to the weekly list of top gainers. The company is a Software-as-a-Service provider, and has invested more than $150 million to develop a cloud-based technology platform. Last week, Park City Group subsidiary ReposiTrak announced that Albertsons Companies has chosen ReposiTrak® to manage regulatory and business documentation compliance within their supply chain. Albertsons is recognized as the second largest supermarket chain in the US and operates over 2,300 stores, 30 distribution facilities and 21 manufacturing plants.
Park City Group gained 15.22 percent over the five-day trading period and finished at $13.55 per share.

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Payment Data Systems

Payment Data Systems was also a previous top gainer. The company is a Texas-based integrated payment solutions provider, operating credit, debit/prepaid and ACH payment processing platforms. There has been no recent news from the company to explain last week’s rise in share price.
Payment Data Systems gained 11.95 percent over the five-day trading period and finished at $2.53 per share.

ARI Network Services

ARI Network Services was the top gainer in July. The company creates software-as-a-service (SaaS) and data-as-a-service (DaaS) solutions that help equipment manufacturers, distributors and dealers in selected vertical markets be more productive online and in-store. There has been no recent news from the company to explain last week’s rise in share price.
ARI Network Services gained 8.33 percent over the five-day trading period and finished at $5.20 per share.

FunctionX

FunctionX is an online media and technology company that operates Wetpaint.com and and Rant, a leading digital publisher with original content in 13 different verticals, most notably in sports, entertainment, pets, cars and food. There has been no recent news from the company to explain last week’s rise in share price.
FunctionX gained  6.53 percent over the five-day trading period and finished at $4.51 per share.
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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 and less than $500 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.

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