ADP, IBM And MSFT, 3 Computer Software & Services Stocks Pushing The Industry Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,929 as of Tuesday, June 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 966 issues advancing vs. 1,989 declining with 165 unchanged.

The Computer Software & Services industry currently sits down 0.3% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Cognizant Technology Solutions ( CTSH), up 4.0%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Automatic Data Processing ( ADP) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Automatic Data Processing is down $0.55 (-0.7%) to $79.45 on average volume. Thus far, 877,266 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $79.45-$80.37 after having opened the day at $79.72 as compared to the previous trading day's close of $80.00.

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 $38.4 billion and is part of the technology sector. Shares are down 1.0% 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 increase in stock price during the past year. 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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