5 Stocks Pushing The Computer Software & Services Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged.

The Computer Software & Services industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include International Game Technology ( IGT), down 2.7%, Konami Corporation ( KNM), down 2.4%, Amdocs ( DOX), down 1.5%, Wipro ( WIT), down 0.8% and Thomson Reuters Corporation ( TRI), down 0.7%. A company within the industry that increased today was Qlik Technologies ( QLIK), up 3.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Catamaran ( CTRX) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Catamaran is down $1.19 (-2.4%) to $48.38 on average volume Thus far, 514,478 shares of Catamaran exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $48.29-$49.80 after having opened the day at $49.50 as compared to the previous trading day's close of $49.57.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology solutions to the healthcare benefits management industry in North America. Catamaran has a market cap of $10.1 billion and is part of the technology sector. The company has a P/E ratio of 71.0, above the S&P 500 P/E ratio of 17.7. Shares are up 73.5% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Catamaran a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Catamaran as a buy. 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Catamaran Ratings Report now.

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