5 Computer Software & Services Stocks Pushing Industry Growth

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 14,951 as of Friday, Sept. 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,968 issues advancing vs. 907 declining with 132 unchanged.

The Computer Software & Services industry currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Splunk ( SPLK), up 2.1%, Rackspace Hosting ( RAX), up 1.9%, Nuance Communications ( NUAN), up 1.5%, Infosys ( INFY), up 0.9% and Sap ( SAP), up 0.7%. On the negative front, top decliners within the industry include Konami Corporation ( KNM), down 2.9%, and Catamaran ( CTRX), down 0.9%.

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

5. Automatic Data Processing ( ADP) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Automatic Data Processing is up $0.35 (0.5%) to $72.69 on light volume. Thus far, 607,930 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $71.37-$72.81 after having opened the day at $72.45 as compared to the previous trading day's close of $72.34.

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Automatic Data Processing has a market cap of $34.8 billion and is part of the technology sector. Shares are up 27.1% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Automatic Data Processing 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.

4. As of noon trading, Intuit ( INTU) is up $0.56 (0.9%) to $64.74 on average volume. Thus far, 840,992 shares of Intuit exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $63.54-$64.84 after having opened the day at $64.06 as compared to the previous trading day's close of $64.18.

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 7.9% year to date as of the close of trading on Thursday. 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intuit 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.

3. As of noon trading, Adobe Systems ( ADBE) is up $0.25 (0.5%) to $46.98 on average volume. Thus far, 1.5 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $46.26-$47.04 after having opened the day at $46.89 as compared to the previous trading day's close of $46.73.

Adobe Systems Incorporated operates as a diversified software company worldwide. The company operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $23.6 billion and is part of the technology sector. Shares are up 24.5% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Adobe Systems as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Adobe Systems 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, Cognizant Technology Solutions Corporation ( CTSH) is up $1.76 (2.3%) to $77.76 on heavy volume. Thus far, 2.1 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $76.11-$77.98 after having opened the day at $76.56 as compared to the previous trading day's close of $76.00.

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 $22.8 billion and is part of the technology sector. Shares are up 2.9% year to date as of the close of trading on Thursday. Currently there are 15 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, increase in stock price during the past year, 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.

1. As of noon trading, Salesforce.com ( CRM) is up $0.31 (0.6%) to $48.91 on average volume. Thus far, 2.9 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $48.02-$49.25 after having opened the day at $48.73 as compared to the previous trading day's close of $48.60.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $29.1 billion and is part of the technology sector. Shares are up 15.6% year to date as of the close of trading on Thursday. Currently there are 24 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Salesforce.com 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 5 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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