4 Stocks Driving 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include Infosys ( INFY), up 2.4%, Wipro ( WIT), up 2.3%, Sap AG ADR ( SAP), up 0.9% and Microsoft Corporation ( MSFT), up 0.6%. A company within the industry that fell today was Intuit ( INTU), up 1.95.

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

4. Catamaran ( CTRX) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Catamaran is up $1.35 (2.38) to $57.96 on average volume Thus far, 832,824 shares of Catamaran exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $56.11-$58.03 after having opened the day at $56.66 as compared to the previous trading day's close of $56.61.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Catamaran has a market cap of $11.8 billion and is part of the technology sector. The company has a P/E ratio of 81.7, above the S&P 500 P/E ratio of 17.7. Shares are up 21.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates Catamaran 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, good cash flow from operations, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Catamaran Ratings Report now.

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3. As of noon trading, Fidelity National Information Services ( FIS) is up $1.42 (3.49) to $42.09 on heavy volume Thus far, 1.9 million shares of Fidelity National Information Services exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $40.56-$42.25 after having opened the day at $42.00 as compared to the previous trading day's close of $40.67.

Fidelity National Information Services, Inc. provides banking and payments technology solutions worldwide. The company offers financial institution core processing, card issuer, and transaction processing services, including the national electronic funds transfer network. Fidelity National Information Services has a market cap of $12.0 billion and is part of the technology sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 17.2% year to date as of the close of trading on Monday.

TheStreet Ratings rates Fidelity National Information Services 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, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Fidelity National Information Services Ratings Report now.

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2. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is up $1.81 (2.88) to $64.74 on heavy volume Thus far, 3.8 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $62.83-$65.09 after having opened the day at $62.90 as compared to the previous trading day's close of $62.93.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $18.6 billion and is part of the technology sector. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are down 17.0% year to date as of the close of trading on Monday.

TheStreet Ratings rates Cognizant Technology Solutions Corporation 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, reasonable valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cognizant Technology Solutions Corporation Ratings Report now.

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1. As of noon trading, Oracle Corporation ( ORCL) is up $0.41 (1.27) to $32.65 on average volume Thus far, 17.2 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 24.2 million shares. The stock has ranged in price between $32.22-$32.68 after having opened the day at $32.22 as compared to the previous trading day's close of $32.24.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $152.0 billion and is part of the technology sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are down 3.2% year to date as of the close of trading on Monday.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Oracle Corporation 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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