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

Accenture ( ACN) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole was unchanged today. By the end of trading, Accenture fell $8.26 (-10.3%) to $71.96 on heavy volume. Throughout the day, 28,126,079 shares of Accenture exchanged hands as compared to its average daily volume of 2,759,100 shares. The stock ranged in price between $69.00-$72.25 after having opened the day at $71.80 as compared to the previous trading day's close of $80.22. Other companies within the Computer Software & Services industry that declined today were: Wave Systems Corporation ( WAVX), down 18.9%, Crexendo ( EXE), down 14.3%, CounterPath Corporation ( CPAH), down 8.8% and Smith Micro Software ( SMSI), down 8.6%.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $51.7 billion and is part of the technology sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 20.6% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Accenture a buy, no analysts rate it a sell, and 5 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, Mediabistro ( MBIS), up 22.2%, Webmedia Brands ( WEBM), up 22.2%, icad ( ICAD), up 8.9% and WebMD Health Corporation ( WBMD), up 5.9% , were all gainers within the computer software & services industry with Activision Blizzard ( ATVI) 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).

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