5 Stocks Dragging In The Technology Sector

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 up 4 points (0.0%) at 15,449 as of Wednesday, Feb. 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 771 issues advancing vs. 2,156 declining with 142 unchanged.

The Technology sector currently sits down 1.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 18.8%, SouFun Holdings ( SFUN), down 8.1%, Cerner Corporation ( CERN), down 6.1%, SolarCity ( SCTY), down 5.9% and Cognizant Technology Solutions Corporation ( CTSH), down 5.3%. Top gainers within the sector include Telecom Italia SpA ( TI), up 2.1%, Corning ( GLW), up 1.4%, ABB ( ABB), up 1.1%, Adobe Systems ( ADBE), up 0.8% and ASML ( ASML), up 0.6%.

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 $1.61 (-2.1%) to $73.34 on average volume. Thus far, 1.2 million 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 $72.69-$76.32 after having opened the day at $76.32 as compared to the previous trading day's close of $74.95.

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 $35.7 billion and is part of the computer software & services industry. Shares are down 7.2% year-to-date as of the close of trading on Tuesday. 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, good cash flow from operations, growth in earnings per share, increase in net income 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.

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

If you liked this article you might like

ADP Shares Subdued After Bill Ackman Interview -- but That Will Change

ADP Is Morphing Into the IBM Blob: Bill Ackman

Here's How Bill Ackman Is Trying to Appeal to Big Investors In ADP Battle

Activism Spotlight: Ackman Could Challenge ADP as Battle Heats Up

One of the Most Recognized Hedge Fund Managers Has Had a Terrible Year