5 Stocks Pushing The Computer Software & Services Industry Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelTwo out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.The Computer Software & Services industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Ebix (EBIX), down 22.5%, Thomson Reuters Corporation (TRI), down 1.9%, Red Hat (RHT), down 1.4%, Wipro (WIT), down 0.8% and Catamaran (CTRX), down 1.2%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. Intuit (INTU) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Intuit is down $0.32 (-0.5%) to $60.87 on light volume Thus far, 469,865 shares of Intuit exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $60.63-$61.12 after having opened the day at $61.06 as compared to the previous trading day's close of $61.19. Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. Intuit has a market cap of $18.1 billion and is part of the technology sector. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 16.8% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Intuit a buy, no analysts rate it a sell, and 6 rate it a hold.TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Intuit Ratings Report now.
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