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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Intuit ( INTU) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Intuit fell $0.66 (-1.0%) to $63.11 on light volume. Throughout the day, 1,911,348 shares of Intuit exchanged hands as compared to its average daily volume of 2,650,200 shares. The stock ranged in price between $63.06-$64.65 after having opened the day at $64.19 as compared to the previous trading day's close of $63.77. Other companies within the Computer Software & Services industry that declined today were: Greenway Medical Technologies ( GWAY), down 6.8%, Daegis ( DAEG), down 6.2%, The9 ( NCTY), down 5.3% and Datawatch Corporation ( DWCH), down 4.7%.

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 $19.1 billion and is part of the technology sector. Shares are up 8.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Intuit a buy, no analysts rate it a sell, and 11 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, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, VMware ( VMW), up 16.7%, Descartes Systems Group ( DSGX), up 8.3%, Sungame ( SGMZ), up 6.8% and Electronic Arts ( EA), up 6.7% , were all gainers within the computer software & services industry with Oracle Corporation ( ORCL) being today's featured computer software & services industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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