Infosys Ltd (INFY): Today's Featured Computer Software & Services Winner

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.

Infosys ( INFY) 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 0.6%. By the end of trading, Infosys rose $1.21 (2.5%) to $49.68 on average volume. Throughout the day, 1,427,921 shares of Infosys exchanged hands as compared to its average daily volume of 1,636,500 shares. The stock ranged in a price between $48.98-$50.00 after having opened the day at $49.08 as compared to the previous trading day's close of $48.47. Other companies within the Computer Software & Services industry that increased today were: Mattersight ( MATR), up 31.3%, ChannelAdvisor ( ECOM), up 19.7%, Ellie Mae ( ELLI), up 13.2% and Luxoft Holding Inc Class A ( LXFT), up 7.5%.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $28.0 billion and is part of the technology sector. Shares are up 14.6% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Infosys as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the negative front, Imperva ( IMPV), down 15.2%, Kingtone Wirelessinfo Solution ( KONE), down 7.5%, GlobalSCAPE Incorporated ( GSB), down 6.9% and UBIC Inc ADR ( UBIC), down 6.4% , were all laggards within the computer software & services industry with Cognizant Technology Solutions Corporation ( CTSH) 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

If you liked this article you might like

Warren Buffett Is Sticking to His Strengths By Selling IBM and Buying More Apple

Warren Buffett Is Sticking to His Strengths By Selling IBM and Buying More Apple

Infosys: Pent Up Value, Ready to Rise

Infosys: Pent Up Value, Ready to Rise

India's Rise as a Superpower Center Stage at Davos - Here's One Hot Trade

India's Rise as a Superpower Center Stage at Davos - Here's One Hot Trade

Markets Take the Government Shutdown in Their Stride: Market Recon

Markets Take the Government Shutdown in Their Stride: Market Recon

A Heavenly Buy-Write Combination

A Heavenly Buy-Write Combination