3 Stocks Moving The Computer Software & Services Industry Upward

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 112 points (0.6%) at 18,128 as of Monday, June 22, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,877 issues advancing vs. 1,119 declining with 181 unchanged.

The Computer Software & Services industry currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the industry include SAP SE ( SAP), up 3.4%, and Wipro ( WIT), up 1.0%.

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

3. Cognizant Technology Solutions ( CTSH) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Cognizant Technology Solutions is up $0.52 (0.8%) to $63.01 on light volume. Thus far, 1.0 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $62.54-$63.23 after having opened the day at $62.95 as compared to the previous trading day's close of $62.49.

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Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $38.6 billion and is part of the technology sector. Shares are up 18.7% year-to-date as of the close of trading on Friday. Currently there are 15 analysts who rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 2 rate 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, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions Ratings Report now.

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2. As of noon trading, Accenture ( ACN) is up $1.42 (1.5%) to $98.44 on average volume. Thus far, 1.2 million shares of Accenture exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $97.54-$99.06 after having opened the day at $97.63 as compared to the previous trading day's close of $97.02.

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Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Accenture has a market cap of $60.9 billion and is part of the technology sector. Shares are up 8.6% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Accenture a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Accenture 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, good cash flow from operations, solid stock price performance and increase in net income. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full Accenture Ratings Report now.

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1. As of noon trading, Microsoft ( MSFT) is up $0.29 (0.6%) to $46.39 on light volume. Thus far, 8.9 million shares of Microsoft exchanged hands as compared to its average daily volume of 34.3 million shares. The stock has ranged in price between $46.25-$46.72 after having opened the day at $46.33 as compared to the previous trading day's close of $46.10.

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Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company's Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Microsoft has a market cap of $377.9 billion and is part of the technology sector. Shares are up 0.6% year-to-date as of the close of trading on Friday. Currently there are 14 analysts who rate Microsoft a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Microsoft as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft Ratings Report now.

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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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