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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 50 points (0.4%) at 14,380 as of Friday, March 8, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,811 issues advancing vs. 1,063 declining with 140 unchanged.

The Computer Software & Services industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Infosys ( INFY), up 0.5%, and Salesforce.com ( CRM), up 0.3%. On the negative front, top decliners within the industry include Activision Blizzard ( ATVI), down 1.3%, and Sap AG ADR ( SAP), down 0.6%.

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

4. BMC Software ( BMC) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, BMC Software is up $0.66 (1.6%) to $42.99 on light volume Thus far, 504,641 shares of BMC Software exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $42.35-$43.12 after having opened the day at $42.46 as compared to the previous trading day's close of $42.33.

BMC Software, Inc. develops software that provides system and service management solutions for enterprises in the United States and internationally. BMC Software has a market cap of $6.0 billion and is part of the technology sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate BMC Software a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates BMC Software as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BMC Software Ratings Report now.

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3. As of noon trading, Xerox Corporation ( XRX) is up $0.12 (1.4%) to $8.69 on average volume Thus far, 5.4 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 11.0 million shares. The stock has ranged in price between $8.58-$8.74 after having opened the day at $8.68 as compared to the previous trading day's close of $8.57.

Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $10.4 billion and is part of the technology sector. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7. Shares are up 25.7% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Xerox Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Xerox Corporation Ratings Report now.

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2. As of noon trading, VMWare ( VMW) is up $0.69 (0.9%) to $74.57 on light volume Thus far, 366,776 shares of VMWare exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $73.91-$75.00 after having opened the day at $74.37 as compared to the previous trading day's close of $73.88.

VMware, Inc. provides virtualization and virtualization-based cloud infrastructure solutions in the United States and internationally. VMWare has a market cap of $9.5 billion and is part of the technology sector. The company has a P/E ratio of 43.2, above the S&P 500 P/E ratio of 17.7. Shares are down 21.5% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate VMWare a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates VMWare as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share 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 VMWare Ratings Report now.

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1. As of noon trading, Accenture ( ACN) is up $0.46 (0.6%) to $78.03 on light volume Thus far, 597,143 shares of Accenture exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $77.39-$78.11 after having opened the day at $77.98 as compared to the previous trading day's close of $77.57.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $49.9 billion and is part of the technology sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Thursday. Currently there are 14 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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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