Concur Technologies Inc. (CNQR): Today's Featured Technology Laggard

Concur Technologies ( CNQR) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.9%. By the end of trading, Concur Technologies fell 45 cents (-0.7%) to $64.26 on heavy volume. Throughout the day, 1.7 million shares of Concur Technologies exchanged hands as compared to its average daily volume of 719,100 shares. The stock ranged in price between $61.29-$64.80 after having opened the day at $62.91 as compared to the previous trading day's close of $64.71. Other company's within the Technology sector that declined today were: Performance Technologies ( PTIX), down 21.1%, MTS Medication Technologies ( MTSI), down 20.8%, Active Network ( ACTV), down 15.8%, and Kingtone Wirelessinfo Solution ( KONE), down 15.4%.

Concur Technologies, Inc. provides integrated travel and expense management solutions for companies of various industries, sizes, and geographies. Concur Technologies has a market cap of $3.68 billion and is part of the computer software & services industry. Shares are up 27.4% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate Concur Technologies a buy, two analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Concur Technologies as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, Nexxus Lighting ( NEXS), up 36%, MaxLinear ( MXL), up 22.2%, Pros Holdings ( PRO), up 18.6%, and Spire Corporation ( SPIR), up 17.6%, were all gainers within the technology sector with International Business Machines ( IBM) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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