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Automatic Data Processing (ADP): 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.

Automatic Data Processing (ADP) 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 up 0.6%. By the end of trading, Automatic Data Processing rose 59 cents (1%) to $58.91 on average volume. Throughout the day, 1.9 million shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in a price between $58.21-$58.98 after having opened the day at $58.49 as compared to the previous trading day's close of $58.32. Other companies within the Computer Software & Services industry that increased today were: DynaVox (DVOX), up 23.6%, Webmedia Brands (WEBM), up 8.7%, Optibase (OBAS), up 7.6%, and Chyron Corporation (CHYR), up 6.5%.

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Automatic Data Processing, Inc. provides business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. Automatic Data Processing has a market cap of $28.27 billion and is part of the technology sector. The company has a P/E ratio of 20.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 8% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Automatic Data Processing a buy, two analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Kingtone Wirelessinfo Solution (KONE), down 10.8%, China Mobile Games and Entertainment Group (CMGE), down 10.6%, Authentidate Holding Corporation (ADAT), down 8.1%, and TigerLogic Corporation (TIGR), down 7.5%, were all laggards within the computer software & services industry with Citrix Systems (CTXS) being today's computer software & services industry laggard.

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).

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