Intuit Inc. (INTU): Today's Featured Technology Winner

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.

Intuit ( INTU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, Intuit rose $3.39 (4.6%) to $77.24 on heavy volume. Throughout the day, 5,375,525 shares of Intuit exchanged hands as compared to its average daily volume of 1,798,500 shares. The stock ranged in a price between $74.20-$78.74 after having opened the day at $75.47 as compared to the previous trading day's close of $73.85. Other companies within the Technology sector that increased today were: Pulse Electronics ( PULS), up 25.8%, Authentidate Holding Corporation ( ADAT), up 18.3%, CommScope ( COMM), up 15.6% and Applied Optoelectronics ( AAOI), up 15.0%.

Has made a number of mobile, payment services and ecommerce realted acquisitionsin 2012 and 2013. Intuit has a market cap of $20.9 billion and is part of the computer software & services industry. Shares are down 3.8% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Intuit a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Intuit 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, notable return on equity, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Groupon ( GRPN), down 21.9%, Autobytel ( ABTL), down 16.8%, Geeknet ( GKNT), down 16.1% and Netlist ( NLST), down 12.0% , were all laggards within the technology sector with Agilent Technologies ( A) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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