4 Quisitive Technology Solutions TSXV QUIS



Best Technology Stocks on the TSX Venture 50


Investors looking for the best technology stocks should consult the TSXVenture 50. Here’s an overview of the latest list.To showcase its best-performing stocks, the TSX Venture Exchange (TSXV) issuesa yearly list, dubbed the TSX Venture 50.The Canadian exchange breaks the list into the following sectors: cleantechnology and life sciences, diversified industries, energy, mining andtechnology.In order to earn a spot on the best technology stocks list for 2021, companiesneeded a market capitalization greater than C$5 million and a closing price ofover C$0.25 as of the end of 2020, as well as a minimum closing price ofC$0.10 as of the last day of 2019. On top of these criteria, they had to haveheld a TSXV listing for over a year as of the end of 2020.Companies meeting those criteria were then ranked using an equally weightedformula that takes into account share price change, trading volume and marketcap.“Today we are very proud to recognize the remarkable success of our 2021Venture 50 winners, and to honour the exemplary efforts of our early-stagegrowth companies to advance on their business initiatives and make a positiveimpact on the communities in which they operate, despite the challengingconditions of the past year,” said Loui Anastasopoulos, TMX Group’s capitalformation president and enterprise marketing officer, upon the release of themost recent list.Here’s a look at the five best technology stocks on the TSX Venture 50.

4. Quisitive Technology Solutions (TSXV:QUIS)


Quisitive Technology Solutions is a Microsoft (NASDAQ:MSFT) cloud solutionsprovider that helps enterprises with Microsoft Azure, Microsoft Dynamics andMicrosoft 365. It also licenses proprietary software built on Microsoft’stechnology stack and has invested in proprietary solutions based on software-as-a-service (SaaS), leveraging Microsoft’s cloud computing and emergingtechnologies.Quisitive Technology’s proprietary SaaS solutions that complement theMicrosoft platform include emPerform and LedgerPay. In March 2021, Quisitiveannounced it had reached a major milestone in commercializing LedgerPay byachieving Microsoft IP Azure Co-sell Ready status for the product.“Achieving the ‘Co-sell Ready’ status reflects our elite relationship withMicrosoft and significantly augments our sales efforts, as we are able toleverage their resources and execute a joint go-to-market initiative,” saidQuisitive CEO Mike Reinhart.

5. Converge Technology Solutions (TSX:CTS)


Converge Technology Solutions is building a platform of hybrid informationtechnology (IT) infrastructure providers that offer multi-cloud, blockchain,identity management, resiliency, security and data center solutions to publicand private sector clients in Canada and the US.Converge added Accudata Systems to its platform in February 2021. Accudata isan IT consulting and integration firm that has provided high-impact ITinfrastructure and security solutions and services for nearly four decades.Through the acquisition, Converge stands to benefit from Accudata’slongstanding relationships with tech giants such as Microsoft and CiscoSystems (NASDAQ:CSCO).Also in February 2021, Converge Technology graduated to the Toronto StockExchange.

Other top TSX Venture 50 tech stocks


The other best technology stocks that made it onto the 2021 TSX Venture 50list are Playgon Games (TSXV:DEAL), Facedrive (TSXV:FD), Gatekeeper Systems(TSXV:GSI), Nubeva Technologies (TSXV:NBVA) and ARHT Media (TSXV:ART).Don’t forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interestin any company mentioned in this article.<< 10 Top Technology Stocks by Market CapHow to Invest in a Technology ETF >>Best Canadian Tech Stocks to Look at in September 2021Over the past five years, the S&P 500 and the TSX Technology Indexes have aCAGR of approximately 25%.Tech companies, especially in Canada, are booming right now. Which is exactlywhy we decided to come out with this list of the best performing technologystocks in Canada.When we saying booming, we’re talking about the long term, as should be thementality of most investors, especially those who are just learning how to buystocks.But even though it’s booming, people usually head to the United States whenlooking for the best tech stocks to buy. So why is that?

Tech stocks just aren’t as prevalent on the TSX


The IT sector accounts for over a quarter of the S&P 500.Recently, the major indices underwent a sector reshuffle, however technologystill accounts for 25.76% of the index. It is almost double that of the secondlargest sector.However, Canadian stocks in the technology sector accounts for only a singledigit weighting of the TSX Index.

1 with returns of 923% over the past three


years – more than double the second-best performing company.The pandemic has accelerated the adoption of e-commerce which has benefitedShopify in a big way.Earlier in the pandemic, Shopify announced that it was generating Black Fridaylevel sales on its platform.The company has more than doubled gross merchant volumes YOY and revenue hasalso grown at a torrid pace.It has also allowed them to turn a profit, a notable achievement for a companythat has not yet been able to generate positive earnings consistently.Although recent price activity has been choppy, Shopify’s stock price is stillup by 30% over the last year. Once again, this places the company among thebest performing stocks on the TSX Index.If you are worried you missed out, consider jumping into the stock when itconsolidates or when it drops by 20% or more.The stock does have a history of being quite volatile, and these types ofmoves happen at least a few times a year. Each time it has proven to be abuying opportunity. Interested in a little more stability rather than growth?Check out the top Canadian telecoms stocks.

Tech stocks just aren’t as prevalent on the TSX


The IT sector accounts for over a quarter of the S&P 500.Recently, the major indices underwent a sector reshuffle, however technologystill accounts for 25.76% of the index. It is almost double that of the secondlargest sector.However, Canadian stocks in the technology sector accounts for only a singledigit weighting of the TSX Index.

1 with returns of 923% over the past three


years – more than double the second-best performing company.The pandemic has accelerated the adoption of e-commerce which has benefitedShopify in a big way.Earlier in the pandemic, Shopify announced that it was generating Black Fridaylevel sales on its platform.The company has more than doubled gross merchant volumes YOY and revenue hasalso grown at a torrid pace.It has also allowed them to turn a profit, a notable achievement for a companythat has not yet been able to generate positive earnings consistently.Although recent price activity has been choppy, Shopify’s stock price is stillup by 30% over the last year. Once again, this places the company among thebest performing stocks on the TSX Index.If you are worried you missed out, consider jumping into the stock when itconsolidates or when it drops by 20% or more.The stock does have a history of being quite volatile, and these types ofmoves happen at least a few times a year. Each time it has proven to be abuying opportunity. Interested in a little more stability rather than growth?Check out the top Canadian telecoms stocks.

Tech stocks just aren’t as prevalent on the TSX


The IT sector accounts for over a quarter of the S&P 500.Recently, the major indices underwent a sector reshuffle, however technologystill accounts for 25.76% of the index. It is almost double that of the secondlargest sector.However, Canadian stocks in the technology sector accounts for only a singledigit weighting of the TSX Index.

1 with returns of 923% over the past three


years – more than double the second-best performing company.The pandemic has accelerated the adoption of e-commerce which has benefitedShopify in a big way.Earlier in the pandemic, Shopify announced that it was generating Black Fridaylevel sales on its platform.The company has more than doubled gross merchant volumes YOY and revenue hasalso grown at a torrid pace.It has also allowed them to turn a profit, a notable achievement for a companythat has not yet been able to generate positive earnings consistently.Although recent price activity has been choppy, Shopify’s stock price is stillup by 30% over the last year. Once again, this places the company among thebest performing stocks on the TSX Index.If you are worried you missed out, consider jumping into the stock when itconsolidates or when it drops by 20% or more.The stock does have a history of being quite volatile, and these types ofmoves happen at least a few times a year. Each time it has proven to be abuying opportunity. Interested in a little more stability rather than growth?Check out the top Canadian telecoms stocks.

Best Tech Stocks to Buy Under $10


Number of Hedge Fund Holders: 4 Price as of May 6, 2021: $9.58 per shareNet Element, Inc. (NASDAQ: NETE) is a Florida-based financial technology firm.It was founded in 2010 and is placed tenth on our list of 10 best tech stocksto buy right now under $10. The company concentrates on the development ofmobile payment solutions. It operates in North America, Russia, and someCommonwealth states. The firm has returned more than 331% to investors overthe past year. It has a market cap of more than $50 million and posted morethan $60 million in annual revenue in 2020.On March 11, Net Element, Inc. (NASDAQ: NETE) and electric vehicle makerMullen Technologies announced that they had executed an agreement to purchasean EV manufacturing facility in Mississippi. Like Nokia Corporation (NYSE:NOK) and BlackBerry Limited (NYSE: BB), NETE is one of the best cheap techstocks to buy.At the end of the fourth quarter of 2020, 4 hedge funds in the database ofInsider Monkey held stakes worth $1.7 million in the firm, up from 2 thepreceding quarter worth $1.4 million.

8. Amtech Systems, Inc. (NASDAQ: ASYS)


Number of Hedge Fund Holders: 7 Price as of May 6, 2021: $10.00 per shareAmtech Systems, Inc. (NASDAQ: ASYS) is an Arizona-based firm that makes andsells equipment for the semiconductor and automotive industries. The firmmarkets solder reflow ovens, diffusion furnaces, high-temp belt furnaces,silicon wafers, sapphire substrates, silicon carbide wafers, and various glassand silica components. Amtech stock has returned more than 93% to investorsover the past year. The company has a market cap of more than $143 million andposted more than $65 million in annual revenue in 2020. The stock ranks 8th inthe list of best tech stocks to buy right now under $10.On May 5, Amtech Systems, Inc. (NASDAQ: ASYS) reported more than $19 millionin revenue for the first three months of 2021, a 36% increase from the sameperiod last year. The revenue figure beat market estimates by over $1 million.Like Nokia Corporation (NYSE: NOK) and BlackBerry Limited (NYSE: BB), ASYS isone of the best cheap tech stocks to buy.At the end of the fourth quarter of 2020, 7 hedge funds in the database ofInsider Monkey held stakes worth $14.4 million in the firm, the same as in thepreceding quarter worth $11.3 million.

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