5 Stocks Pulling The Technology Sector Downward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include CGG ( CGG), down 16.9%, FactSet Research Systems ( FDS), down 5.2%, Turkcell Iletisim Hizmetleri AS ( TKC), down 3.0%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 2.6% and Kyocera Corporation ( KYO), down 1.6%. Top gainers within the sector include Frontier Communications Corp Class B ( FTR), up 8.3%, Avago Technologies ( AVGO), up 6.5%, SouFun Holdings ( SFUN), up 4.7%, Advanced Semiconductor Engineering ( ASX), up 4.5% and CGI Group ( GIB), up 2.9%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Automatic Data Processing ( ADP) is one of the companies pushing the Technology sector lower today. As of noon trading, Automatic Data Processing is down $0.70 (-0.9%) to $76.82 on light volume. Thus far, 465,474 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $76.62-$77.36 after having opened the day at $76.80 as compared to the previous trading day's close of $77.52.

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Automatic Data Processing has a market cap of $37.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 26.9, above the S&P 500 P/E ratio of 17.7. Shares are up 36.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 13 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, good cash flow from operations, growth in earnings per share and solid stock price performance. 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 Automatic Data Processing Ratings Report now.

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