5 Computer Software & Services Stocks Pushing Industry Growth

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 15,444 as of Tuesday, July 16, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 951 issues advancing vs. 1,969 declining with 95 unchanged.

The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was Konami Corporation ( KNM), up 5.3%. On the negative front, top decliners within the industry include Gartner ( IT), down 2.2%, Splunk ( SPLK), down 2.0%, Computer Sciences Corporation ( CSC), down 1.7%, NetSuite ( N), down 1.8% and IHS ( IHS), down 1.4%.

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

5. Bally Technologies ( BYI) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Bally Technologies is up $4.50 (7.4%) to $65.41 on heavy volume. Thus far, 2.3 million shares of Bally Technologies exchanged hands as compared to its average daily volume of 547,700 shares. The stock has ranged in price between $64.44-$66.15 after having opened the day at $64.82 as compared to the previous trading day's close of $60.91.

Bally Technologies, Inc., a gaming company, engages in the design, manufacture, operation, and distribution of technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications. Bally Technologies has a market cap of $2.3 billion and is part of the services sector. Shares are up 33.8% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Bally Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Bally Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, 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 generally high debt management risk by most measures that we evaluated. Get the full Bally Technologies Ratings Report now.

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