Intuit Inc. (INTU): Today's Featured Computer Software & Services Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
Intuit (INTU) 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 0.1%. By the end of trading, Intuit rose 70 cents (1.2%) to $59.65 on heavy volume. Throughout the day, 5.2 million shares of Intuit exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $57.92-$59.93 after having opened the day at $58.91 as compared to the previous trading day's close of $58.95. Other companies within the Computer Software & Services industry that increased today were: Ellie Mae (ELLI), up 8.6%, Recon Technology (RCON), up 6.4%, GRAVITY (GRVY), up 6.1%, and Perion Network (PERI), up 5.9%.
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Intuit Inc. provides business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, India, Singapore, and the United Kingdom. Intuit has a market cap of $17.51 billion and is part of the technology sector. The company has a P/E ratio of 24.5, above the average computer software & services industry P/E ratio of 24.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 13.6% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Intuit a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Intuit 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, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Intuit Ratings Report.
On the negative front, icad (ICAD), down 9.3%, Astea International (ATEA), down 7.7%, CSP (CSPI), down 6.5%, and Velti (VELT), down 5.5%, were all laggards within the computer software & services industry with Nuance Communications (NUAN) being today's computer software & services industry laggard.
- Use our computer software & services section to find industry-relevant news.
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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).
- Find other investment ideas from our top rated ETFs lists.