3 Stocks Pushing The Computer Software & Services Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Computer Software & Services industry currently sits down 1.4% versus the S&P 500, which is down 0.5%. A company within the industry that fell today was Adobe Systems ( ADBE), up 0.7%.

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

3. Xerox Corporation ( XRX) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Xerox Corporation is down $0.32 (-2.6%) to $12.13 on average volume. Thus far, 6.0 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $12.09-$12.28 after having opened the day at $12.19 as compared to the previous trading day's close of $12.45.

Xerox Corporation provides business process and document management solutions worldwide. Xerox Corporation has a market cap of $14.5 billion and is part of the technology sector. Shares are up 2.3% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Xerox Corporation a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Xerox Corporation Ratings Report now.

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