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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 up 0.7%. By the end of trading, Cognizant Technology Solutions Corporation rose $1.40 (1.5%) to $94.03 on light volume. Throughout the day, 1,444,717 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2,100,500 shares. The stock ranged in a price between $92.38-$94.18 after having opened the day at $92.60 as compared to the previous trading day's close of $92.63. Other companies within the Computer Software & Services industry that increased today were:

Smith Micro Software

(

SMSI

), up 14.5%,

Workday

(

WDAY

), up 12.7%,

FireEye

(

FEYE

), up 10.9% and

Bridgeline Digital

(

BLIN

), up 8.8%.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $28.2 billion and is part of the technology sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are up 26.0% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Cognizant Technology Solutions Corporation

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front,

Nuance Communications

(

NUAN

), down 18.1%,

21Vianet Group

(

VNET

), down 8.8%,

China Mobile Games and Entertainment Group

(

CMGE

), down 8.0% and

China Information Technology

(

CNIT

), down 5.4% , were all laggards within the computer software & services industry with

Symantec

(

SYMC

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

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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