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 0.8%. By the end of trading, Accenture rose $0.95 (1.2%) to $80.00 on average volume. Throughout the day, 2,974,385 shares of Accenture exchanged hands as compared to its average daily volume of 2,782,600 shares. The stock ranged in a price between $79.00-$80.00 after having opened the day at $79.13 as compared to the previous trading day's close of $79.05. Other companies within the Computer Software & Services industry that increased today were: CSP ( CSPI), up 27.8%, China Mobile Games and Entertainment Group ( CMGE), up 20.9%, Electronic Arts ( EA), up 17.1% and Market Leader ( LEDR), up 12.8%.
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Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $51.2 billion and is part of the technology sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are up 18.9% 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 negative front, Mitek Systems ( MITK), down 9.0%, Majesco Entertainment Company ( COOL), down 8.8%, Mind C.T.I ( MNDO), down 6.7% and PCTEL ( PCTI), down 5.1% , were all laggards within the computer software & services industry with Symantec ( SYMC) 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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