5 Stocks Pushing The Technology Sector Lower

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.2%) at 14,513 as of Friday, March 15, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,578 declining with 140 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMX), down 3.9%, America Movil S.A.B. de C.V ( AMOV), down 3.0%, BT Group ( BT), down 1.5%, Taiwan Semiconductor Manufacturing ( TSM), down 1.4% and Verizon Communications ( VZ), down 1.0%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Accenture ( ACN) is one of the companies pushing the Technology sector lower today. As of noon trading, Accenture is down $1.09 (-1.4%) to $77.17 on average volume Thus far, 1.9 million shares of Accenture exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $77.02-$78.17 after having opened the day at $77.89 as compared to the previous trading day's close of $78.26.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $50.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are up 17.7% 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 8 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. Get the full Accenture Ratings Report now.

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