Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Intuit fell $1.13 (-1.5%) to $72.03 on heavy volume. Throughout the day, 4,024,463 shares of Intuit exchanged hands as compared to its average daily volume of 2,114,600 shares. The stock ranged in price between $70.87-$73.16 after having opened the day at $72.93 as compared to the previous trading day's close of $73.16. Other companies within the Computer Software & Services industry that declined today were:
), down 10.6%,
), down 7.8%,
), down 7.6% and
), down 6.0%.
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Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore. Intuit has a market cap of $20.7 billion and is part of the technology sector. The company has a P/E ratio of 26.9, above the S&P 500 P/E ratio of 17.7. Shares are up 23.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Intuit a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Intuit Ratings Report.
On the positive front,
), up 22.8%,
), up 8.2%,
), up 8.1% and
), up 7.8% , were all gainers within the computer software & services industry with
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.