For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Bottomline Technologies (EPAY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Bottomline Technologies is one of 596 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. EPAY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for EPAY's full-year earnings has moved 9.19% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, EPAY has returned 98.53% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.91% on average. This means that Bottomline Technologies is outperforming the sector as a whole this year.
Looking more specifically, EPAY belongs to the Computer - Software industry, a group that includes 42 individual stocks and currently sits at #59 in the Zacks Industry Rank. This group has gained an average of 27.46% so far this year, so EPAY is performing better in this area.
EPAY will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.