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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 141.38 points (-0.8%) at 17,673 as of Friday, Jan. 23, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,370 issues advancing vs. 1,694 declining with 158 unchanged.

The Computer Software & Services industry as a whole closed the day up 0.3% versus the S&P 500, which was down 0.5%. Top gainers within the Computer Software & Services industry included BluePhoenix Solutions ( BPHX), up 4.6%, Cover-All Technologies ( COVR), up 1.7%, QAD ( QADB), up 4.5%, TSR ( TSRI), up 1.6% and CounterPath ( CPAH), up 3.8%.

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

QAD ( QADB) is one of the companies that pushed the Computer Software & Services industry higher today. QAD was up $0.70 (4.5%) to $16.41 on average volume. Throughout the day, 1,396 shares of QAD exchanged hands as compared to its average daily volume of 1,100 shares. The stock ranged in a price between $15.80-$16.41 after having opened the day at $15.80 as compared to the previous trading day's close of $15.71.

QAD Inc. provides enterprise software solutions for manufacturers in the automotive, consumer products, food and beverage, high technology, industrial products, and life sciences industries Worldwide. QAD has a market cap of $48.6 million and is part of the technology sector. Shares are down 16.4% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates QAD a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates QAD as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from TheStreet Ratings analysis on QADB go as follows:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 148.4% when compared to the same quarter one year prior, rising from $2.05 million to $5.09 million.
  • QADB's revenue growth trails the industry average of 26.6%. Since the same quarter one year prior, revenues rose by 12.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • QADB's debt-to-equity ratio is very low at 0.22 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.04, which illustrates the ability to avoid short-term cash problems.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.

You can view the full analysis from the report here: QAD Ratings Report

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At the close, Cover-All Technologies ( COVR) was up $0.02 (1.7%) to $1.25 on light volume. Throughout the day, 2,750 shares of Cover-All Technologies exchanged hands as compared to its average daily volume of 13,500 shares. The stock ranged in a price between $1.23-$1.25 after having opened the day at $1.23 as compared to the previous trading day's close of $1.23.

Cover-All Technologies Inc., through its subsidiary, Cover-All Systems, Inc., licenses and maintains software products for the property/casualty insurance industry in the United States and Puerto Rico. Cover-All Technologies has a market cap of $32.2 million and is part of the technology sector. Shares are down 1.7% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Cover-All Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Cover-All Technologies as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on COVR go as follows:

  • COVR has underperformed the S&P 500 Index, declining 17.49% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Software industry and the overall market, COVER-ALL TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • 45.78% is the gross profit margin for COVER-ALL TECHNOLOGIES INC which we consider to be strong. Regardless of COVR's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, COVR's net profit margin of 3.29% is significantly lower than the industry average.
  • COVR, with its decline in revenue, underperformed when compared the industry average of 26.6%. Since the same quarter one year prior, revenues slightly dropped by 1.1%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • COVR's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.94 is somewhat weak and could be cause for future problems.

You can view the full analysis from the report here: Cover-All Technologies Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

BluePhoenix Solutions ( BPHX) was another company that pushed the Computer Software & Services industry higher today. BluePhoenix Solutions was up $0.14 (4.6%) to $3.19 on light volume. Throughout the day, 600 shares of BluePhoenix Solutions exchanged hands as compared to its average daily volume of 2,100 shares. The stock ranged in a price between $3.19-$3.24 after having opened the day at $3.24 as compared to the previous trading day's close of $3.05.

BluePhoenix Solutions has a market cap of $41.1 million and is part of the technology sector. Shares are down 11.8% year-to-date as of the close of trading on Thursday.

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.