3 Computer Software & Services Stocks Dragging The Industry Down

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Computer Software & Services industry currently sits up 0.9% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Microsoft ( MSFT), up 0.9%. Top gainers within the industry include NCR ( NCR), up 5.3%, Thomson Reuters ( TRI), up 3.1%, Salesforce.com ( CRM), up 1.4% and Oracle Corporation ( ORCL), up 0.6%.

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

3. Cognizant Technology Solutions ( CTSH) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Cognizant Technology Solutions is down $0.49 (-1.0%) to $50.15 on average volume. Thus far, 1.5 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $50.06-$51.12 after having opened the day at $50.87 as compared to the previous trading day's close of $50.64.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $31.0 billion and is part of the technology sector. Shares are up 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions Ratings Report now.

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