4 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Computer Software & Services industry currently is unchanged today versus the S&P 500, which is down 0.0%. A company within the industry that increased today was Oracle Corporation ( ORCL), up 0.7%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. ANSYS ( ANSS) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, ANSYS is down $0.83 (-1.3%) to $64.99 on average volume Thus far, 181,469 shares of ANSYS exchanged hands as compared to its average daily volume of 367,200 shares. The stock has ranged in price between $64.71-$65.85 after having opened the day at $65.75 as compared to the previous trading day's close of $65.82.

ANSYS, Inc. develops and markets engineering simulation software and technologies used by engineers, designers, researchers, and students in aerospace, automotive, manufacturing, electronics, biomedical, energy, and defense industries and academia worldwide. ANSYS has a market cap of $6.2 billion and is part of the technology sector. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate ANSYS a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ANSYS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full ANSYS Ratings Report now.

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3. As of noon trading, Catamaran ( CTRX) is down $0.76 (-1.6%) to $46.39 on average volume Thus far, 499,068 shares of Catamaran exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $45.81-$47.00 after having opened the day at $46.83 as compared to the previous trading day's close of $47.15.

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 $9.7 billion and is part of the technology sector. The company has a P/E ratio of 68.7, above the S&P 500 P/E ratio of 17.7. Shares are up 67.8% year to date as of the close of trading on Tuesday. Currently there are 12 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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2. As of noon trading, Citrix Systems ( CTXS) is down $1.00 (-1.7%) to $59.28 on heavy volume Thus far, 2.4 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $58.35-$60.26 after having opened the day at $60.23 as compared to the previous trading day's close of $60.28.

Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. Citrix Systems has a market cap of $11.6 billion and is part of the technology sector. The company has a P/E ratio of 34.0, above the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Citrix Systems a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Citrix Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 lackluster performance in the stock itself. Get the full Citrix Systems Ratings Report now.

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1. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is down $0.34 (-0.5%) to $65.20 on light volume Thus far, 648,261 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $64.62-$65.33 after having opened the day at $65.10 as compared to the previous trading day's close of $65.54.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and internationally. Cognizant Technology Solutions Corporation has a market cap of $19.8 billion and is part of the technology sector. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 2.6% year to date as of the close of trading on Tuesday. Currently there are 20 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Cognizant Technology Solutions Corporation Ratings Report now.

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If you are interested in one of these 4 stocks, 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).

A reminder about TheStreet Ratings group: 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.
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