International Game Technology

(

IGT

) 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 0.3%. By the end of trading, International Game Technology rose 45 cents (3.3%) to $14.30 on average volume. Throughout the day, 5.2 million shares of International Game Technology exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in a price between $13.70-$14.34 after having opened the day at $13.89 as compared to the previous trading day's close of $13.85. Other companies within the Computer Software & Services industry that increased today were:

Streamline Health Solutions

(

STRM

), up 10.4%,

Vringo

(

VRNG

), up 8.3%,

The9

(

NCTY

), up 8%, and

BroadSoft

(

BSFT

), up 6.3%.

International Game Technology engages in the design, development, manufacture, and marketing of electronic gaming equipment and systems worldwide. International Game Technology has a market cap of $4.23 billion and is part of the

technology

sector. The company has a P/E ratio of 16.3, below the average computer software & services industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 19.5% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate International Game Technology a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates International Game Technology as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Kingtone Wirelessinfo Solution

(

KONE

), down 12.5%,

e-Future Information Technology

(

EFUT

), down 11.1%,

BOS Better Online Solutions

(

BOSC

), down 9.9%, and

Helios & Matheson Information Technology In

(

HMNY

), down 9.1%, were all losers within the computer software & services industry with

Salesforce.com

(

CRM

) 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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