3 Stocks Pushing The Computer Software & Services Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 16,096 as of Monday, Nov. 25, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,434 issues advancing vs. 1,496 declining with 119 unchanged.

The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was 3D Systems Corporation ( DDD), up 3.4%.

TheStreet 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 $0.43 (-0.8%) to $53.49 on light volume. Thus far, 245,457 shares of Infosys exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $53.20-$53.65 after having opened the day at $53.65 as compared to the previous trading day's close of $53.92.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $30.6 billion and is part of the technology sector. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are up 27.5% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Infosys a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Infosys as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Infosys Ratings Report now.

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