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Infosys ( INFY) 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 1.5%. By the end of trading, Infosys fell $1.33 (-2.2%) to $58.20 on heavy volume. Throughout the day, 2,976,916 shares of Infosys exchanged hands as compared to its average daily volume of 1,150,800 shares. The stock ranged in price between $58.15-$60.70 after having opened the day at $59.20 as compared to the previous trading day's close of $59.53. Other companies within the Computer Software & Services industry that declined today were: Covisint ( COVS), down 14.2%, Kingtone Wirelessinfo Solution ( KONE), down 10.7%, Datawatch Corporation ( DWCH), down 7.9% and Magic Software ( MGIC), down 7.7%.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $35.0 billion and is part of the technology sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Infosys a buy, no analysts rate 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, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Shanda Games ( GAME), up 15.0%, Sungame ( SGMZ), up 9.7%, CounterPath Corporation ( CPAH), up 7.0% and Image Sensing Systems ( ISNS), up 6.5% , were all gainers within the computer software & services industry with Electronic Arts ( EA) 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).

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