5 Computer Software & Services Stocks Pushing The Industry Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 153 points (1.0%) at 15,063 as of Monday, July 1, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,343 issues advancing vs. 631 declining with 69 unchanged.

The Computer Software & Services industry currently sits up 2.1% versus the S&P 500, which is up 1.1%. Top gainers within the industry include Cerner Corporation ( CERN), up 1.7%, Wipro ( WIT), up 1.2%, Automatic Data Processing ( ADP), up 1.1% and Infosys ( INFY), up 0.9%.

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

5. Adobe Systems ( ADBE) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Adobe Systems is up $1.27 (2.8%) to $46.83 on heavy volume. Thus far, 4.1 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $44.88-$47.19 after having opened the day at $45.23 as compared to the previous trading day's close of $45.56.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $23.1 billion and is part of the technology sector. The company has a P/E ratio of 40.6, above the S&P 500 P/E ratio of 17.7. Shares are up 21.9% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Adobe Systems a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Adobe Systems 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, solid stock price performance 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 Adobe Systems Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Intuit ( INTU) is up $2.47 (4.0%) to $63.51 on heavy volume. Thus far, 2.3 million shares of Intuit exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $61.90-$63.83 after having opened the day at $62.10 as compared to the previous trading day's close of $61.04.

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 $18.1 billion and is part of the technology sector. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Intuit a buy, no analysts rate it a sell, and 12 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, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Intuit Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Accenture ( ACN) is up $1.13 (1.6%) to $73.09 on heavy volume. Thus far, 3.5 million shares of Accenture exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $72.14-$73.51 after having opened the day at $72.14 as compared to the previous trading day's close of $71.96.

Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Accenture has a market cap of $52.1 billion and is part of the technology sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Accenture a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Accenture as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Accenture Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is up $1.96 (3.1%) to $64.60 on light volume. Thus far, 1.5 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $63.14-$64.67 after having opened the day at $63.40 as compared to the previous trading day's close of $62.64.

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 $19.0 billion and is part of the technology sector. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are down 14.6% year to date as of the close of trading on Friday. Currently there are 19 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

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 shows weak operating cash flow. Get the full Cognizant Technology Solutions Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, International Business Machines ( IBM) is up $1.89 (1.0%) to $193.00 on average volume. Thus far, 2.2 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $192.02-$193.80 after having opened the day at $192.15 as compared to the previous trading day's close of $191.11.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $216.9 billion and is part of the technology sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full International Business Machines Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 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).

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