Intuit Inc. (INTU): Today's Featured Technology Winner

Intuit ( INTU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.4%. By the end of trading, Intuit rose $1.04 (1.8%) to $58.17 on light volume. Throughout the day, 1.5 million shares of Intuit exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in a price between $56.74-$58.37 after having opened the day at $57.56 as compared to the previous trading day's close of $57.13. Other companies within the Technology sector that increased today were: CSR PLC ADR ( CSRE), up 31.1%, Digital Generation ( DGIT), up 22.8%, RIT Technologies ( RITT), up 19.9%, and TranSwitch Corporation ( TXCC), up 14.3%.

Intuit Inc. provides business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, India, Singapore, and the United Kingdom. Intuit has a market cap of $16.8 billion and is part of the computer software & services industry. The company has a P/E ratio of 23.6, above the average computer software & services industry P/E ratio of 23.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 8.8% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Intuit a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Lime Energy ( LIME), down 44.8%, DTS ( DTSI), down 25.1%, Alcatel-Lucent ( ALU), down 19%, and 21Vianet Group ( VNET), down 16.3%, were all losers within the technology sector with Red Hat ( RHT) being today's technology sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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