NEW YORK (
-- Concur Technologies
) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
Concur Technologies, Inc. provides on-demand employee spend management solutions worldwide. The company has a P/E ratio of 156.2, above the average computer software & services industry P/E ratio of 151.6 and above the S&P 500 P/E ratio of 22.7. Concur has a market cap of $2.8 billion and is part of the
industry. Shares are down 4.3% year to date as of the close of trading on Wednesday.
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