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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