3 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Computer Software & Services industry currently sits up 0.5% versus the S&P 500, which is up 0.8%. Top gainers within the industry include Compuware Corporation ( CPWR), up 13.9%, Oracle Corporation ( ORCL), up 1.1% and Accenture ( ACN), up 0.8%.

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

3. Infosys ( INFY) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Infosys is down $0.45 (-1.1%) to $41.23 on light volume Thus far, 773,419 shares of Infosys exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $41.18-$41.60 after having opened the day at $41.54 as compared to the previous trading day's close of $41.68.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $23.9 billion and is part of the technology sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are down 18.7% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Infosys a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Infosys as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. Get the full Infosys Ratings Report now.

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