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 2.1%. By the end of trading, Accenture fell $2.30 (-2.8%) to $79.53 on average volume. Throughout the day, 2,641,523 shares of Accenture exchanged hands as compared to its average daily volume of 2,753,000 shares. The stock ranged in price between $79.37-$81.51 after having opened the day at $81.11 as compared to the previous trading day's close of $81.83. Other companies within the Computer Software & Services industry that declined today were: Ebix ( EBIX), down 44.2%, Mediabistro ( MBIS), down 9.2%, Webmedia Brands ( WEBM), down 9.2% and Changyou.com ( CYOU), down 7.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $53.9 billion and is part of the technology sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 23.1% year to date as of the close of trading on Wednesday. Currently there are 15 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, Netsol Technologies ( NTWK), down 5.3%, Park City Group ( PCYG), down 5.3%, TigerLogic Corporation ( TIGR), down 4.0% and AVG Technologies ( AVG), down 3.5%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Nvidia Inspires Chipmaker Gains but Rest of Tech Gets Left Behind

S&P 500 and Dow on Track for Records With Markets in Good Mood Ahead of Fed

CEO of Accenture North America: We Are Committed to Gender Parity by 2025

Accenture CEO: Consulting is About Reskilling for Digital, Cloud and Security

Why Apple's Partnership With Accenture Is a Big Deal