International Game Technology (IGT): Today's Featured Computer Software & Services Laggard

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International Game Technology ( IGT) 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 down 0.3%. By the end of trading, International Game Technology fell $1.44 (-7.0%) to $19.23 on heavy volume. Throughout the day, 9,134,867 shares of International Game Technology exchanged hands as compared to its average daily volume of 3,160,000 shares. The stock ranged in price between $19.23-$20.28 after having opened the day at $20.26 as compared to the previous trading day's close of $20.67. Other companies within the Computer Software & Services industry that declined today were: FAB Universal ( FU), down 9.8%, Datawatch Corporation ( DWCH), down 8.0%, Tableau Software Inc Class A ( DATA), down 4.5% and NQ Mobile ( NQ), down 4.3%.

International Game Technology engages in the design, development, manufacture, and marketing of casino games, gaming equipment, and systems technology for land-based and online social gaming, and wagering markets worldwide. International Game Technology has a market cap of $5.6 billion and is part of the technology sector. Shares are up 47.3% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate International Game Technology a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates International Game Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Sungame ( SGMZ), up 29.4%, Kingtone Wirelessinfo Solution ( KONE), up 14.6%, ServiceSource International ( SREV), up 8.3% and Cerner Corporation ( CERN), up 8.0% , were all gainers within the computer software & services industry with Microsoft Corporation ( MSFT) 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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