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

Tickers in this article: ACN

Accenture (ACN) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day down 0.8%. By the end of trading, Accenture fell 63 cents (-1.1%) to $57.81 on light volume. Throughout the day, 2.9 million shares of Accenture exchanged hands as compared to its average daily volume of 3.9 million shares. The stock ranged in price between $57.69-$58.40 after having opened the day at $58.24 as compared to the previous trading day's close of $58.44. Other company's within the Computer Software & Services industry that declined today were: Sapiens International Corporation (SPNS), down 8.3%, Glu Mobile (GLUU), down 7.2%, Sonic Foundry (SOFO), down 6.6%, and CommVault Systems (CVLT), down 6.6%.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $38.26 billion and is part of the technology sector. The company has a P/E ratio of 15.5, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 9.8% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Accenture a buy, no analysts rate it a sell, and six 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Kingtone Wirelessinfo Solution (KONE), up 30.3%, THQ (THQI), up 11.1%, Chyron Corporation (CHYR), up 8%, and Webmedia Brands (WEBM), up 8%, were all gainers within the computer software & services industry with Cerner Corporation (CERN) being today's featured computer software & services industry winner.

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).

Tickers in this article: ACN