Infosys Ltd (INFY): Today's Featured Computer Software & Services Winner
(
) 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 0.7%. By the end of trading, Infosys rose 34 cents (0.7%) to $49.97 on light volume. Throughout the day, 840,255 shares of Infosys exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $49.20-$50.51 after having opened the day at $49.25 as compared to the previous trading day's close of $49.63. Other companies within the Computer Software & Services industry that increased today were:
(
), up 13.6%,
(
), up 12.2%,
Camelot Information Systems Inc
(
), up 9.6%, and
(
), up 7.4%.
Infosys Ltd. provides information technology (IT) and consulting services worldwide. Infosys has a market cap of $29.14 billion and is part of the
sector. The company has a P/E ratio of 17.9, below the average computer software & services industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7. Shares are down 34.8% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Infosys as a
. 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, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Infosys Ratings Report.
On the negative front,
(
), down 19.2%,
China Information Technology Inc
(
), down 8.2%,
(
), down 8%, and
(
), down 7.9%, were all losers within the computer software & services industry with
(
) being today's computer software & services industry loser.
- Use our computer software & services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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