Catamaran Corp (CTRX): Today's Featured Computer Software & Services 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.

Catamaran ( CTRX) 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 down 0.5%. By the end of trading, Catamaran rose $1.17 (2.6%) to $45.53 on heavy volume. Throughout the day, 3,805,468 shares of Catamaran exchanged hands as compared to its average daily volume of 1,898,300 shares. The stock ranged in a price between $44.13-$45.74 after having opened the day at $44.53 as compared to the previous trading day's close of $44.36. Other companies within the Computer Software & Services industry that increased today were: UBIC Inc ADR ( UBIC), up 71.8%, Mattersight ( MATR), up 20.8%, EFuture Information Technology ( EFUT), up 8.3% and Evolving Systems ( EVOL), up 8.2%.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Catamaran has a market cap of $9.2 billion and is part of the health care sector. Shares are down 6.0% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Catamaran a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Catamaran 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Cimatron ( CIMT), down 15.8%, Smith Micro Software ( SMSI), down 12.8%, Varonis Systems ( VRNS), down 11.2% and CounterPath Corporation ( CPAH), down 8.4% , were all laggards within the computer software & services industry with F5 Networks ( FFIV) being today's computer software & services industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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