Intuit Inc. (INTU): Today's Featured Computer Software & Services Winner

Intuit ( INTU) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 1.9%. By the end of trading, Intuit rose $2.11 (3.5%) to $63.15 on heavy volume. Throughout the day, 4,351,966 shares of Intuit exchanged hands as compared to its average daily volume of 2,793,400 shares. The stock ranged in a 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. Other companies within the Computer Software & Services industry that increased today were: Wave Systems Corporation ( WAVX), up 260.0%, CounterPath Corporation ( CPAH), up 12.9%, Zynga ( ZNGA), up 10.4% and Crexendo ( EXE), up 9.6%.

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.

On the negative front, FalconStor Software ( FALC), down 12.4%, Webmedia Brands ( WEBM), down 6.7%, Mediabistro ( MBIS), down 6.7% and EPAM Systems ( EPAM), down 5.2% , were all laggards within the computer software & services industry with Salesforce.com ( CRM) being today's computer software & services industry laggard.

For investors not wanting singular stock exposure, 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).

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

null

More from Markets

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries