Accenture PLC (ACN): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Accenture ( ACN) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.5%. By the end of trading, Accenture rose 71 cents (1%) to $69.88 on average volume. Throughout the day, 2.5 million shares of Accenture exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in a price between $69.53-$70.27 after having opened the day at $69.69 as compared to the previous trading day's close of $69.17. Other companies within the Technology sector that increased today were: Unwired Planet ( UPIP), up 42.8%, TranSwitch Corporation ( TXCC), up 26.7%, Infosys ( INFY), up 18.8%, and Rediff.com India ( REDF), up 17.9%.
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Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $44.96 billion and is part of the computer software & services industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 4.9% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Accenture a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Accenture as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Parametric Sound ( PAMT), down 12.6%, Bazaarvoice ( BV), down 11.2%, Faro Technologies ( FARO), down 11.2%, and QuinStreet ( QNST), down 7.1%, were all laggards within the technology sector with Fortinet ( FTNT) being today's technology sector laggard.

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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