5 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Computer Software & Services industry currently sits up 0.5% versus the S&P 500, which is up 0.8%. Top gainers within the industry include Compuware Corporation ( CPWR), up 13.9%, Oracle Corporation ( ORCL), up 1.1% and Accenture ( ACN), up 0.8%.

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

5. Autodesk ( ADSK) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Autodesk is up $0.92 (2.7%) to $35.13 on light volume Thus far, 992,629 shares of Autodesk exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $34.21-$35.15 after having opened the day at $34.24 as compared to the previous trading day's close of $34.21.

Autodesk, Inc. provides design software and services to customers worldwide. Autodesk has a market cap of $7.6 billion and is part of the technology sector. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Autodesk a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Autodesk as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Autodesk Ratings Report now.

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