3 Computer Software & Services Stocks Nudging The 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 8 points (0.1%) at 15,256 as of Monday, June 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,353 issues advancing vs. 1,578 declining with 107 unchanged.

The Computer Software & Services industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Catamaran ( CTRX), up 2.88.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Sap ( SAP) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Sap is up $1.02 (1.34) to $77.36 on light volume Thus far, 362,045 shares of Sap exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $76.70-$77.40 after having opened the day at $77.26 as compared to the previous trading day's close of $76.34.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $90.3 billion and is part of the technology sector. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are down 5.0% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Sap a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, increase in net income 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 Sap Ratings Report now.

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