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Summary
- Tech stocks have gained attention in the pandemic era due to businesses increasingly adopting tech innovation to tackle the headwinds.
- There are about half a dozen tech stocks in the FTSE 100, out of about 190 listed tech firms
- Most tech stocks are listed on the Alternative Investment Market
Technological innovation is growing at a rapid pace and has witnessed an even greater focus in recent times as businesses have used the aid of new technology to pivot and remain afloat during the pandemic induced lockdowns and restrictions.
Moreover, the UK market has been boosted by a wave of new technology stocks floating on the market, thus making it a beneficial time to leverage from investing in the sector.
In this article, we will take a look at some of the highest performing technology stocks in the FTSE 100, FTSE 250 and AIM indices on the London Stock Exchange.
Best FTSE 100 technology stocks
There are about five to six technology stocks in the blue chip index the FTSE 100, while the total list of technology companies listed in the FTSE stands at around 190 stocks, most of which are listed in the FTSE’s smaller market, the Alternative Investment Market (AIM)
Some of the best performing FTSE 100 tech stocks include:
- Aveva Group Plc (LON:AVV)
Aveva Group is UK-based multinational computer software and related IT services company and part of the FTSE 100 index. Aveva’s year to date returns stood at 14.24 per cent as of 23 June, while its shares have risen by 60.78 per cent in the last three years.
AVV’s basic earnings per share in FY 2021 was at 11.27 pence per share, while its adjusted diluted EPS was 81.31 pence per share.
- Sage Group Plc (LON:SGE)
Sage Group is another UK-based FTSE 100 listed software major. It is involved in the development of estimating accounting software for small and medium enterprises (SME).
SGE’s year to date returns stood at 16.98 per cent as of 23 June, while its last 3 year stock performance indicated a growth of 7.5 per cent.
SGE’s basic earnings per share in FY 2020 was at 28.38 pence per share, while its adjusted EPS was 27.43 pence per share.
Also Read: Spotlight On 2 FTSE 100 Tech Stocks: Aveva Group and Just Eat Takeaway
Other high performing FTSE technology stocks
Some of the best performing FTSE 250 and AIM listed tech stocks include:
- Softcat Plc (LON:SCT)
Softcat is a specialist technology company focused on helping businesses with their IT infrastructure, providing bespoke end-to-end solutions. Softcat’s services are expected to increase in demand as more businesses adopt digital transformation processes.
The company is also a constituent of the FTSE 250 index.
Softcat’s year to date returns stood at 27.80 per cent as of 23 June, while its last 3-year stock performance indicated a growth of 136.24 per cent.
SGE’s basic and adjusted earnings per share in FY 2020 was at 38.20 pence per share.
- GB Group Plc (LON:GBG)
GB Group is a UK-based identity management specialist firm that is a constituent of the FTSE AIM UK 50 index.
GBG’s last 3 year stock performance indicated a growth of 42.37 per cent. Its basic earnings per share in FY 2021 was at 13.80 pence per share, while its adjusted EPS was 25.20 pence per share.
- Dotdigital Group PLC (LON:DOTD)
Dotdigital is another FTSE AIM UK 50 index listed firm and is a UK based online marketing company.
DOTD’s year to date returns stood at 37.50 per cent as of 23 June, while its last 3-year stock performance showed growth of 181.17 per cent. Its basic earnings per share in FY 2021 was 3.57 pence per share, while its adjusted EPS was 3.84 pence per share.
Also Read: Softcat Shares Surge on Expectation of Strong Performance for FY2021
However, these are just some of the high performing stocks in this sector. Prior to investing in stocks, an investor must always do thorough research on the company, regardless of the sector.
