Accenture PLC (ACN): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Accenture ( ACN) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.3%. By the end of trading, Accenture rose $1.37 (1.9%) to $73.74 on average volume. Throughout the day, 3,971,448 shares of Accenture exchanged hands as compared to its average daily volume of 3,369,600 shares. The stock ranged in a price between $72.55-$73.92 after having opened the day at $73.36 as compared to the previous trading day's close of $72.37. Other companies within the Technology sector that increased today were: Bankrate ( RATE), up 17.2%, Plug Power ( PLUG), up 16.8%, Silicon Motion Technology Corporation ( SIMO), up 13.4% and Peregrine Semiconductor ( PSMI), up 12.9%.

Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Accenture has a market cap of $47.2 billion and is part of the computer software & services industry. Shares are up 8.8% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Accenture a buy, 1 analyst rates 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, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Wave Systems Corporation ( WAVX), down 14.4%, Radcom ( RDCM), down 10.5%, Nam Tai Electronics ( NTE), down 10.4% and Friendfinder Networks ( FFN), down 10.2% , were all laggards within the technology sector with SK Telecom ( SKM) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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