Accenture PLC (ACN): Today's Featured Computer Software & Services Laggard

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 lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Accenture fell $1.67 (-2.0%) to $79.77 on average volume. Throughout the day, 3,576,310 shares of Accenture exchanged hands as compared to its average daily volume of 2,690,900 shares. The stock ranged in price between $79.71-$82.18 after having opened the day at $81.39 as compared to the previous trading day's close of $81.44. Other companies within the Computer Software & Services industry that declined today were: Accelrys ( ACCL), down 19.0%, SolarWinds ( SWI), down 14.6%, Authentidate Holding Corporation ( ADAT), down 11.1% and FalconStor Software ( FALC), down 10.9%.
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Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $52.7 billion and is part of the technology sector. The company has a P/E ratio of 17.6, below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Accenture a buy, no analysts rate it a sell, and 7 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, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Brightcove ( BCOV), down 24.8%, Kingtone Wirelessinfo Solution ( KONE), down 23.1%, China Information Technology ( CNIT), down 18.8% and TigerLogic Corporation ( TIGR), down 18.4% , were all gainers within the computer software & services industry with Salesforce.com ( CRM) being today's featured computer software & services industry leader.

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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