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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3. As of noon trading, Adobe Systems ( ADBE) is up $0.61 (1.8%) to $35.31 on average volume Thus far, 1.9 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $34.67-$35.42 after having opened the day at $34.79 as compared to the previous trading day's close of $34.70.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $17.1 billion and is part of the technology sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 22.4% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Adobe Systems a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Adobe 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, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Adobe Systems Ratings Report now.

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2. As of noon trading, Citrix Systems ( CTXS) is up $0.92 (1.5%) to $61.17 on average volume Thus far, 1.2 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $60.25-$61.52 after having opened the day at $60.38 as compared to the previous trading day's close of $60.25.

Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. Citrix Systems has a market cap of $11.4 billion and is part of the technology sector. The company has a P/E ratio of 33.4, above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Monday. 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, Accenture ( ACN) is up $0.35 (0.5%) to $68.18 on light volume Thus far, 800,393 shares of Accenture exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $67.93-$68.54 after having opened the day at $68.00 as compared to the previous trading day's close of $67.83.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $43.4 billion and is part of the technology sector. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 27.6% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Accenture a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Accenture 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, notable return on equity, good cash flow from operations 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 Accenture 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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