Automatic Data Processing (ADP): Today's Featured Computer Software & Services Laggard

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.

Automatic Data Processing ( ADP) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Automatic Data Processing fell $1.42 (-1.9%) to $73.53 on average volume. Throughout the day, 2,855,066 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1,913,300 shares. The stock 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. Other companies within the Computer Software & Services industry that declined today were: Actuate Corporation ( BIRT), down 18.7%, 3D Systems Corporation ( DDD), down 15.4%, China Information Technology ( CNIT), down 13.0% and Kingtone Wirelessinfo Solution ( KONE), down 11.8%.

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 technology sector. 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.

On the positive front, Tableau Software Inc Class A ( DATA), up 12.8%, Park City Group ( PCYG), up 12.3%, Mattersight ( MATR), up 9.3% and Astea International ( ATEA), up 7.3% , were all gainers within the computer software & services industry with Adobe Systems ( ADBE) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, 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).

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