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 0.4%. By the end of trading, Infosys rose $3.35 (6.0%) to $59.50 on heavy volume. Throughout the day, 4,641,689 shares of Infosys exchanged hands as compared to its average daily volume of 998,300 shares. The stock ranged in a price between $57.50-$59.72 after having opened the day at $57.84 as compared to the previous trading day's close of $56.15. Other companies within the Computer Software & Services industry that increased today were: Kingtone Wirelessinfo Solution ( KONE), up 23.2%, China Digital TV ( STV), up 11.0%, Innovative Solutions and Support ( ISSC), up 6.4% and Vicon Industries ( VII), up 6.2%.
Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $31.9 billion and is part of the technology sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Infosys a buy, 1 analyst rates it a sell, and 6 rate it a hold. TheStreet Ratings rates Infosys 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, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.