3 Stocks Moving The Computer Software & Services Industry Upward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.

The Computer Software & Services industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Activision Blizzard ( ATVI), up 0.5%, and Salesforce.com ( CRM), up 0.6%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Aspen Technology ( AZPN) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Aspen Technology is up $2.91 (9.2%) to $34.73 on heavy volume. Thus far, 1.3 million shares of Aspen Technology exchanged hands as compared to its average daily volume of 422,400 shares. The stock has ranged in price between $33.73-$36.54 after having opened the day at $36.00 as compared to the previous trading day's close of $31.82.

Aspen Technology, Inc. provides integrated process optimization software solutions to manage and optimize plant and process design, operational performance, and supply chain planning. Aspen Technology has a market cap of $3.1 billion and is part of the technology sector. Shares are up 19.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Aspen Technology a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Aspen Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full Aspen Technology Ratings Report now.

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

2. As of noon trading, Cerner Corporation ( CERN) is up $0.23 (0.5%) to $47.27 on average volume. Thus far, 945,757 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $46.31-$47.36 after having opened the day at $46.89 as compared to the previous trading day's close of $47.04.

Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers worldwide. Cerner Corporation has a market cap of $16.7 billion and is part of the technology sector. Shares are up 25.7% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Cerner Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Cerner Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cerner Corporation Ratings Report now.

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

1. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is up $0.49 (0.7%) to $71.35 on light volume. Thus far, 1.0 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $70.37-$71.66 after having opened the day at $70.80 as compared to the previous trading day's close of $70.86.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $21.8 billion and is part of the technology sector. Shares are down 4.1% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, 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 somewhat disappointing return on equity. Get the full Cognizant Technology Solutions Corporation Ratings Report now.

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

If you are interested in one of these 3 stocks, 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).

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