5 Stocks Pushing The Computer Software & Services Industry Lower

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged.

The Computer Software & Services industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include International Game Technology ( IGT), down 2.7%, Konami Corporation ( KNM), down 2.4%, Amdocs ( DOX), down 1.5%, Wipro ( WIT), down 0.8% and Thomson Reuters Corporation ( TRI), down 0.7%. A company within the industry that increased today was Qlik Technologies ( QLIK), up 3.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Catamaran ( CTRX) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Catamaran is down $1.19 (-2.4%) to $48.38 on average volume Thus far, 514,478 shares of Catamaran exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $48.29-$49.80 after having opened the day at $49.50 as compared to the previous trading day's close of $49.57.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology solutions to the healthcare benefits management industry in North America. Catamaran has a market cap of $10.1 billion and is part of the technology sector. The company has a P/E ratio of 71.0, above the S&P 500 P/E ratio of 17.7. Shares are up 73.5% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Catamaran a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Catamaran as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Catamaran Ratings Report now.

4. As of noon trading, Automatic Data Processing ( ADP) is down $0.73 (-1.3%) to $54.86 on light volume Thus far, 631,947 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $54.72-$55.75 after having opened the day at $55.67 as compared to the previous trading day's close of $55.59.

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 $26.9 billion and is part of the technology sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Automatic Data Processing a buy, 2 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 net income, growth in earnings per share, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Automatic Data Processing Ratings Report now.

3. As of noon trading, Adobe Systems ( ADBE) is down $0.20 (-0.6%) to $32.34 on average volume Thus far, 1.9 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $32.24-$32.77 after having opened the day at $32.60 as compared to the previous trading day's close of $32.54.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $16.2 billion and is part of the technology sector. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Adobe Systems a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Adobe Systems 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, 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 Adobe Systems Ratings Report now.

2. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is down $0.49 (-0.8%) to $64.79 on average volume Thus far, 1.2 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $64.27-$65.51 after having opened the day at $65.30 as compared to the previous trading day's close of $65.28.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and internationally. Cognizant Technology Solutions Corporation has a market cap of $19.8 billion and is part of the technology sector. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 2.6% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cognizant Technology Solutions Corporation Ratings Report now.

1. As of noon trading, Accenture ( ACN) is down $0.76 (-1.1%) to $65.52 on light volume Thus far, 728,512 shares of Accenture exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $65.39-$66.51 after having opened the day at $66.42 as compared to the previous trading day's close of $66.28.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $42.6 billion and is part of the technology sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 25.2% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Accenture a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Accenture 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Accenture Ratings Report now.

If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: 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.

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