5 Top NASDAQ Tech Stocks: Payment Data Systems is Top Gainer

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) was up last week, gaining 1.62 percent to $2,775.07 points.
Here is a look at how last week’s top gainers in the computer software and processing industry performed:

• Payment Data Systems (NASDAQ:PYDS)
• Actua Corp. (NASDAQ:ACTA)
• Mimecast Limited (NASDAQ:MIME)
• Limelight Networks (NASDAQ:LLNW)
• ModSys International Ltd. ((NASDAQ:MDSY)

Payment Data Systems

Payment Data Systems is no stranger to our weekly list of gainers. 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.
As our top company last week, Payment Data Systems gained 27.66 percent over the five day trading period, and ended the week at $2.40 per share.

Actua Corp.

Actua has also been part of our previous weekly list of gainers. The company is a multi-vertical cloud technology company that operates through two segments: the vertical cloud segment and the vertical cloud (venture) segment. Shares of Actua rose last week as the company announced a definitive agreement with an investor group led by Vista Equity Partners to sell GovDelivery, the leading provider of cloud-based government communications software solutions, for $153 million in cash.
Actua gained 26.10 percent over the five day trading period, and ended the week at $12.95 per share.

Mimecast Limited

Mimecast offers cloud security and risk management services for corporate information and email. Last week, the company announced the pricing of a registered secondary public offering which is expected to close on October 4, 2016.
Mimecast gained 17.80 percent over the five day trading period, and ended the week at $19.13 per share.

Limelight Networks

Limelight is a content delivery network services provider that operates a globally distributed, computing platform and provides services under the Orchestrate Platform, which includes content delivery, video content management, Website and Web application acceleration, Website and content security and cloud storage services. There has been no recent news from the company to explain last week’s rise in share price.
Limelight gained 12.65 percent over the five day trading period, and ended the week at $1.87 per share.

ModSys International

ModSys develops and markets enterprise legacy migration solutions, and provides tools and professional services to international markets. There has been no recent news from the company to explain last week’s rise in share price.
ModSys gained 10.62 percent over the five day trading period, and ended the week at $1.25 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.