3 Stocks Driving The Computer Software & Services Industry Higher

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the industry include AthenaHealth ( ATHN), up 5.1%, 3D Systems ( DDD), up 4.3%, Fidelity National Information Services ( FIS), up 1.3%, VMWare ( VMW), up 0.9% and Cerner ( CERN), up 0.8%. A company within the industry that fell today was Catamaran ( CTRX), up 0.9%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Xerox Corporation ( XRX) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Xerox Corporation is up $0.24 (1.9%) to $12.60 on light volume. Thus far, 2.9 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $12.36-$12.69 after having opened the day at $12.36 as compared to the previous trading day's close of $12.37.

Xerox Corporation provides business process and document management solutions worldwide. Xerox Corporation has a market cap of $14.4 billion and is part of the technology sector. Shares are up 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Xerox Corporation a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Xerox Corporation Ratings Report now.

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2. As of noon trading, Activision Blizzard ( ATVI) is up $0.14 (0.6%) to $22.04 on light volume. Thus far, 2.2 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $21.75-$22.09 after having opened the day at $21.85 as compared to the previous trading day's close of $21.90.

Activision Blizzard, Inc. publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $15.7 billion and is part of the technology sector. Shares are up 22.8% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts who rate Activision Blizzard a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Activision Blizzard as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Activision Blizzard Ratings Report now.

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

1. As of noon trading, Cognizant Technology Solutions ( CTSH) is up $0.38 (0.8%) to $49.44 on light volume. Thus far, 1.1 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $48.76-$49.72 after having opened the day at $48.92 as compared to the previous trading day's close of $49.06.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $30.1 billion and is part of the technology sector. Shares are down 2.8% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions 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, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions Ratings Report now.

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

If you are interested in one of these 3 stocks, 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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