3 Stocks Moving The Computer Software & Services Industry Upward

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 18 points (-0.1%) at 16,848 as of Wednesday, March 2, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,599 issues advancing vs. 1,307 declining with 169 unchanged.

The Computer Software & Services industry currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include VMWare ( VMW), down 2.7%, Thomson Reuters ( TRI), down 1.7%, Automatic Data Processing ( ADP), down 1.5% and SAP SE ( SAP), down 1.0%.

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

3. Infosys ( INFY) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Infosys is up $0.18 (1.1%) to $17.60 on light volume. Thus far, 1.2 million shares of Infosys exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $17.46-$17.66 after having opened the day at $17.52 as compared to the previous trading day's close of $17.42.

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Infosys Limited, together with its subsidiaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally. Infosys has a market cap of $38.4 billion and is part of the technology sector. Shares are up 4.0% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Infosys a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Infosys 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, reasonable valuation levels, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Infosys Ratings Report now.

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2. As of noon trading, Qihoo 360 Technology ( QIHU) is up $1.70 (2.4%) to $73.77 on average volume. Thus far, 1.4 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $72.00-$73.94 after having opened the day at $72.07 as compared to the previous trading day's close of $72.07.

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Qihoo 360 Technology Co. Ltd., through its subsidiaries, provides Internet services in the People's Republic of China. The company operates through Internet Services and Others segments. Qihoo 360 Technology has a market cap of $9.3 billion and is part of the technology sector. Shares are down 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Qihoo 360 Technology Ratings Report now.

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1. As of noon trading, International Business Machines ( IBM) is up $1.74 (1.3%) to $136.11 on light volume. Thus far, 1.6 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $133.22-$136.27 after having opened the day at $133.50 as compared to the previous trading day's close of $134.37.

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International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $125.9 billion and is part of the technology sector. Shares are down 2.4% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate International Business Machines a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates International Business Machines as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and generally higher debt management risk. Get the full International Business Machines 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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