Accenture PLC Class A (ACN): Today's Featured Technology Laggard

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 PLC Class A ( ACN) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 2.5%. By the end of trading, Accenture PLC Class A fell $2.74 (-3.3%) to $81.18 on average volume. Throughout the day, 3,370,843 shares of Accenture PLC Class A exchanged hands as compared to its average daily volume of 3,331,900 shares. The stock ranged in price between $81.17-$83.30 after having opened the day at $83.29 as compared to the previous trading day's close of $83.92. Other companies within the Technology sector that declined today were: Covisint ( COVS), down 20.6%, RIT Technologies ( RITT), down 17.3%, Digi International ( DGII), down 15.3% and International Game Technology ( IGT), down 14.8%.

Accenture plc provides management consulting, technology, and business process outsourcing (BPO) services worldwide. The company operates through Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources segments. Accenture PLC Class A has a market cap of $54.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 2.1% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Accenture PLC Class A a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Accenture PLC Class A 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, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Alvarion ( ALVR), up 25.0%, LiveDeal ( LIVE), up 24.6%, Kingtone Wirelessinfo Solution ( KONE), up 14.5% and GigaMedia ( GIGM), up 10.0% , were all gainers within the technology sector with Open Text Corporation ( OTEX) being today's featured technology sector leader.

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).

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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