Accenture PLC (ACN): Today's Featured Computer Software & Services 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 Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.6%. By the end of trading, Accenture rose 78 cents (1%) to $78.35 on light volume. Throughout the day, 1.9 million shares of Accenture exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in a price between $77.39-$78.46 after having opened the day at $77.98 as compared to the previous trading day's close of $77.57. Other companies within the Computer Software & Services industry that increased today were: Authentidate Holding Corporation ( ADAT), up 17.6%, ARC Document Solutions ( ARC), up 9.3%, NCI ( NCIT), up 5.9%, and BroadSoft ( BSFT), up 5.7%.
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Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $49.88 billion and is part of the technology sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Thursday. Currently there are 14 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, AVG Technologies ( AVG), down 10.7%, Velti ( VELT), down 7.1%, China Information Technology ( CNIT), down 5.8%, and Cimatron ( CIMT), down 4.5%, were all laggards within the computer software & services industry with Rackspace Hosting ( RAX) being today's computer software & services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

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