Baystreet Staff -

Coverage Initiated on Select Business Software and Services’ Stocks

[ACCESSWIRE]

LONDON, UK / ACCESSWIRE / July 14, 2016 / Active Wall St. announces the list of stocks for today's coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Business Software & Services industry. Companies recently under review include Qlik Technologies, Automatic Data Processing, CyberArk Software, and Amdocs. See our complete notes on Qlik Technologies at:

http://www.activewallst.com/registration-3/?symbol=QLIK

Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/

The Business Software and Services industry includes operators involved in applications used by different companies. The segment is dependent on how robust demand is for business technology, particularly software. Let us see how the current market environment is affecting some of the big names in the industry. Register with us now for your free membership and more at:

http://www.activewallst.com/register/

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Qlik Technologies Inc. (NASDAQ: QLIK)

Radnor, Pennsylvania headquartered Qlik Technologies Inc.'s shares gained 0.03%, closing Wednesday's trading session at $29.98. The stock recorded a trading volume of 926,161 shares. Shares of the Company have advanced 6.12% in the previous three months. The stock is trading 1.82% above its 200-day moving average. Additionally, shares of Qlik Technologies, which provides user-driven business intelligence solutions that enable customers to make business decisions, have a Relative Strength Index (RSI) of 50.80.

On June 02nd, 2016, Qlik Technologies agreed to be bought by private equity firm Thoma Bravo in an all-cash deal valued at about $3 billion. According to terms of the agreement announced, Qlik Technologies' shareholders will get $30.50 in cash for each share of the company's common stock they hold.

Automatic Data Processing Inc. (NASDAQ: ADP)

On Wednesday, shares in Roseland, New Jersey headquartered Automatic Data Processing Inc. recorded a trading volume of 1.37 million shares. The stock rose 0.35%, ending the day at $95.14. The Company's shares have advanced 9.16% in the last month, 6.08% in the previous three months, and 13.69% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.95% and 11.45%, respectively. Furthermore, shares of Automatic Data Processing, which together with its subsidiaries, provide business process outsourcing services globally, have an RSI of 72.45.

On June 28th, 2016, Automatic Data Processing appointed Ms. Sandra S. Wijnberg as a new director of the Company. Ms. Wijnberg served as the Deputy Head of Mission, Office of the Quartet, from July 2014 to December 2015. Prior to joining the Office of the Quartet, she was a Partner and Chief Administrative Officer of Aquiline Holdings LLC, a registered investment advisor, which she joined in 2007.

On July 11th, 2016, research firm Bernstein upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. The research firm also revised upwards its previous target price from $97 to $110. The complimentary note on ADP can be accessed at:

http://www.activewallst.com/registration-3/?symbol=ADP

CyberArk Software Ltd (NASDAQ: CYBR)

Petach Tikva, Israel headquartered CyberArk Software Ltd's stock finished the day 0.41% lower at $52.84. A total volume of 754,902 shares was traded, which was which was above their three months average volume of 678,450 shares. The Company's shares have surged 14.89% in the last one month, 36.26% over the previous three months, and 17.06% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 15.99% and 21.62%, respectively. Additionally, shares of CyberArk Software, which develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the U.S. and globally, have an RSI of 68.75.

On July 08th, 2016, CyberArk Software was named a Leader in "The Forrester Wave™: Privileged Identity Management, Q3 2016." According to Forrester, CyberArk Software has the largest PIM market presence. Register for free and access the note on CYBR at:

http://www.activewallst.com/registration-3/?symbol=CYBR

Amdocs Ltd (NASDAQ: DOX)

Shares in Chesterfield, Missouri headquartered Amdocs Ltd ended yesterday's session 0.07% higher at $58.17. The stock recorded a trading volume of 395,183 shares. The Company's shares have advanced 2.69% in the last one month, 0.22% over the previous three months, and 7.33% since the start of this year. The stock is trading 2.12% above its 50-day moving average and 2.81% above its 200-day moving average. Moreover, shares of Amdocs, which through its subsidiaries, provides software products and services for communications, entertainment, and media industry service providers globally, have an RSI of 59.90.

On June 22nd, 2016 Amdocs was awarded the 2016 Frost & Sullivan Asia Pacific Telecom OSS/BSS Vendor of the Year award. DOX free note is just a click away at:

http://www.activewallst.com/registration-3/?symbol=DOX

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SOURCE: Active Wall Street