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3 Stocks Pushing The Computer Software & Services Industry Lower

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 or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 10 points (-0.1%) at 15,618 as of Friday, Aug. 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,354 issues advancing vs. 1,554 declining with 118 unchanged.

The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Activision Blizzard (ATVI), down 2.5%, and Automatic Data Processing (ADP), down 0.5%. Top gainers within the industry include Autodesk (ADSK), up 2.1%, Catamaran (CTRX), up 1.6% and Salesforce.com (CRM), up 0.6%.

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

3. Gartner (IT) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Gartner is down $3.71 (-6.0%) to $58.37 on heavy volume. Thus far, 786,401 shares of Gartner exchanged hands as compared to its average daily volume of 328,000 shares. The stock has ranged in price between $57.65-$59.62 after having opened the day at $57.84 as compared to the previous trading day's close of $62.08.

Gartner, Inc. provides independent and objective research and analysis on information technology (IT), computer hardware, software, communications, and related technology industries. Gartner has a market cap of $5.6 billion and is part of the technology sector. Shares are up 30.4% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Gartner a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Gartner as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Gartner Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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