International Game Technology (IGT): Today's Featured Computer Software & Services Winner

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 27 cents (1.8%) to $15.58 on average volume. Throughout the day, 3.8 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 $15.20-$15.61 after having opened the day at $15.26 as compared to the previous trading day's close of $15.31. Other companies within the Computer Software & Services industry that increased today were: Netsol Technologies ( NTWK), up 15.7%, MakeMusic ( MMUS), up 13.7%, Intelligent Systems ( INS), up 9.7%, and Onstream Media Corporation ( ONSM), up 8.7%.

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 $4.46 billion and is part of the technology sector. The company has a P/E ratio of 17.2, below the average computer software & services industry P/E ratio of 18.2 and below the S&P 500 P/E ratio of 17.7. Shares are down 12.2% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate International Game Technology a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates International Game Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.

On the negative front, FalconStor Software ( FALC), down 7.8%, Bridgeline Digital ( BLIN), down 6.9%, Avid Technology ( AVID), down 5.7%, and Chyron Corporation ( CHYR), down 5.6%, were all losers within the computer software & services industry with SXC Health Solutions Corporation ( SXCI) 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).