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.

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