3 Stocks Dragging In The Computer Software & Services Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,738 as of Wednesday, June 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,399 issues advancing vs. 1,611 declining with 145 unchanged.

The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Sap ( SAP), up 1.2%. Top gainers within the industry include NQ Mobile ( NQ), up 35.6%, Open Text ( OTEX), up 2.5% and Salesforce.com ( CRM), up 0.9%.

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 $0.58 (-1.1%) to $51.40 on average volume. Thus far, 675,565 shares of Infosys exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $51.04-$51.63 after having opened the day at $51.54 as compared to the previous trading day's close of $51.97.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $30.0 billion and is part of the technology sector. Shares are down 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Infosys a buy, no analysts rate it a sell, and 6 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, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Infosys Ratings Report now.

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