Cognizant Technology Solutions Corporation

(

CTSH

) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.5%. By the end of trading, Cognizant Technology Solutions Corporation rose 46 cents (0.7%) to $65.17 on light volume. Throughout the day, 2.4 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $64.04-$65.65 after having opened the day at $64.22 as compared to the previous trading day's close of $64.71. Other companies within the Computer Software & Services industry that increased today were:

Onstream Media Corporation

(

ONSM

), up 42.5%,

icad Inc

(

ICAD

), up 14.8%,

The9

(

NCTY

), up 11.6%, and

Netsol Technologies Inc

(

NTWK

), up 9.4%.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and Asia. Cognizant Technology Solutions Corporation has a market cap of $20.01 billion and is part of the

technology

sector. The company has a P/E ratio of 24.3, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Monday.

TheStreet Ratings rates Cognizant Technology as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front,

Helios & Matheson Information Technology In

(

HMNYD

), down 18.8%,

Helios & Matheson Information Technology In

(

HMNY

), down 18.8%,

Recon Technology

(

RCON

), down 15.5%, and

Perfect World

(

PWRD

), down 14.5%, were all losers within the computer software & services industry with

Automatic Data Processing

(

ADP

) being today's computer software & services industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider

iShares S&P NA Tech Software Idx

(

IGV

) while those bearish on the computer software & services industry could consider

ProShares Ultra Short Technology

(

REW

).

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