Computer Software & Services Industry Sees Gains in Top-Performing Stocks

Strategic Insights -

The computer software & services industry experienced a boost in stocks, including Automatic Data Processing, Cognizant Technology Solutions, and Microsoft. Among these, Automatic Data Processing saw a 2% increase in its price, reaching $75.01 at noon trading. Cognizant Technology Solutions and Microsoft also showed gains, rising by 1.4% and 1.8% respectively, as they reached $59.81 and $41.20 respectively. The industry's advance/decline ratio stood at 1,634-1,393-136, with the NYSE advancing, declining, and unchanged, respectively.

Key Takeaways:

  • Automatic Data Processing (ADP) rose by $1.49 (2.0%) to $75.01 at noon trading, with 1.7 million shares exchanged hands compared to its average daily volume of 2.0 million shares.
  • Cognizant Technology Solutions (CTSH) increased by $0.83 (1.4%) to $59.81 on average volume, with 2.1 million shares exchanged compared to its average daily volume of 3.2 million shares.
  • Microsoft (MSFT) advanced by $0.73 (1.8%) to $41.20 on heavy volume, with 26.6 million shares traded compared to its average daily volume of 31.8 million shares.
  • Automatic Data Processing has a market cap of $35.5 billion and is part of the technology sector, with a P/E ratio of 26.4, above the S&P 500 P/E ratio of 24.3.
  • Cognizant Technology Solutions has a market cap of $36.5 billion and is part of the technology sector, with a P/E ratio of 23.3, below the S&P 500 P/E ratio of 24.3.
  • Microsoft has a market cap of $333.4 billion and is part of the technology sector, with a P/E ratio of 28.2, above the S&P 500 P/E ratio of 24.3.
  • TheStreet Ratings rates Automatic Data Processing, Cognizant Technology Solutions, and Microsoft as a buy, highlighting their strengths such as revenue growth, earnings per share growth, and solid stock price performance.
  • The three stocks have shares moving in different directions, with Automatic Data Processing down 11.8% year-to-date, Cognizant Technology Solutions up 12.0% year-to-date, and Microsoft down 12.9% year-to-date.

Statistics:

  • 1,634 stocks are advancing, 1,393 are declining, and 136 are unchanged on the NYSE.
  • The computer software & services industry is trading up 0.7% compared to the S&P 500.
  • Automatic Data Processing has a 2.0% price increase, reaching $75.01 at noon trading.
  • Cognizant Technology Solutions has a 1.4% price increase, reaching $59.81 at noon trading.
  • Microsoft has a 1.8% price increase, reaching $41.20 at noon trading.
  • The S&P 500 P/E ratio is 24.3.

Sources:

  • TheStreet Wire
  • TheStreet.com Quote page for ^DJI
  • TheStreet.com Quote page for IBM
  • TheStreet.com Quote page for ORCL
  • TheStreet.com Quote page for ADP
  • TheStreet.com Quote page for CTSH
  • TheStreet.com Quote page for MSFT
  • TheStreet.com Quote page for IGV
  • TheStreet.com Quote page for REW