4 Stocks Pushing The Computer Software & Services Industry Higher

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 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Computer Software & Services industry currently sits down 0.6% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Syntel ( SYNT), down 7.3%, Computer Sciences Corporation ( CSC), down 2.3%, Red Hat ( RHT), down 1.3%, Cerner Corporation ( CERN), down 1.1% and Thomson Reuters Corporation ( TRI), down 0.7%.

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

4. CA ( CA) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, CA is up $0.24 (1.1%) to $22.01 on light volume Thus far, 1.4 million shares of CA exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $21.77-$22.08 after having opened the day at $21.95 as compared to the previous trading day's close of $21.77.

CA Technologies, together with its subsidiaries, provides enterprise information technology (IT) management software and solutions in the United States and internationally. The company operates in three segments: Mainframe Solutions, Enterprise Solutions, and Services. CA has a market cap of $10.2 billion and is part of the technology sector. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates CA a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates CA as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, growth in earnings per share, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full CA Ratings Report now.

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