Intuit Inc. (INTU): Today's Featured Computer Software & Services Winner

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.

Intuit ( INTU) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.1%. By the end of trading, Intuit rose $1.31 (2.2%) to $62.07 on average volume. Throughout the day, 2.1 million shares of Intuit exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $60.76-$62.11 after having opened the day at $60.96 as compared to the previous trading day's close of $60.76. Other companies within the Computer Software & Services industry that increased today were: Qlik Technologies ( QLIK), up 17.9%, inContact ( SAAS), up 12.2%, Authentidate Holding Corporation ( ADAT), up 11.1%, and Wave Systems Corporation ( WAVX), up 8.8%.
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Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. Intuit has a market cap of $18.2 billion and is part of the technology sector. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Intuit a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, LogMeIn ( LOGM), down 29.6%, BOS Better Online Solutions ( BOSC), down 19%, Asure Software ( ASUR), down 7.9%, and Descartes Systems Group ( DSGX), down 6.5%, were all laggards within the computer software & services industry with International Game Technology ( IGT) being today's computer software & services industry laggard.

For investors not wanting singular stock exposure, 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).

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