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Computer Software & Services Industry Sees Mixed Trading, Despite Few Stocks Pushing the Industry Higher

Strategic Insights

— 2 min read

The computer software and services industry is trading mixed today, with the S&P 500 remaining unchanged. Within the industry, 1,692 issues are advancing, while 1,244 are declining, with 156 remaining unchanged. Despite the mixed trading, several stocks within the industry are pushing the sector higher. Among these, Cerner, Cognizant Technology Solutions, and Accenture are notable mentions, with each company experiencing a notable gain in the stock market. These stocks have robust revenue growth, solid financial positions, and reasonable debt levels, contributing to their positive outlook.

Key Takeaways:

  • Cerner (CERN) is up 0.8% to $59.48, with 320,198 shares exchanged hands compared to its average daily volume of 2.5 million shares.
  • Cognizant Technology Solutions (CTSH) is up 0.8% to $59.32, with 1.2 million shares exchanged hands compared to its average daily volume of 3.5 million shares.
  • Accenture (ACN) is up 0.7% to $102.60, with 742,315 shares exchanged hands compared to its average daily volume of 2.6 million shares.
  • The computer software and services industry has 1,692 issues advancing and 1,244 declining, with 156 remaining unchanged.
  • Cerner has a market cap of $20.7 billion and is part of the technology sector, with shares down 8.7% year-to-date.
  • Cognizant Technology Solutions has a market cap of $36.7 billion and is part of the technology sector, with shares up 11.8% year-to-date.
  • Accenture has a market cap of $64.8 billion and is part of the technology sector, with shares up 14.1% year-to-date.
  • Both Cerner and Cognizant Technology Solutions have 21 and 17 analysts, respectively, rating them a buy, while Accenture has 9 analysts rating it a buy.
  • TheStreet Ratings rate Cerner, Cognizant Technology Solutions, and Accenture as buys, highlighting their strengths in revenue growth, financial position, and solid stock price performance.

Statistics:

  • 320,198 shares of Cerner exchanged hands.
  • 1.2 million shares of Cognizant Technology Solutions exchanged hands.
  • 742,315 shares of Accenture exchanged hands.
  • The computer software and services industry has 1,692 issues advancing, 1,244 declining, and 156 unchanged.
  • Cerner has a market cap of $20.7 billion.
  • Cognizant Technology Solutions has a market cap of $36.7 billion.
  • Accenture has a market cap of $64.8 billion.
  • Cerner shares are down 8.7% year-to-date.
  • Cognizant Technology Solutions shares are up 11.8% year-to-date.
  • Accenture shares are up 14.1% year-to-date.

Sources:

  • "Cerner Corporation." TheStreet.com. (http://www.thestreet.com/quote/fis.html?cm_ven_int=tstwire)
  • "Cognizant Technology Solutions Corporation." TheStreet.com. (http://www.thestreet.com/quote/ctsh.html?cm_ven_int=tstwire)
  • "Accenture plc." TheStreet.com. (http://www.thestreet.com/quote/acn.html?cm_ven_int=tstwire)
  • "iShares S&P NA Tech Software Idx" TheStreet.com. (http://www.thestreet.com/quote/IGV.html?cm_ven_int=tstwire)
  • "ProShares Ultra Short Technology" TheStreet.com. (http://www.thestreet.com/quote/REW.html?cm_ven_int=tstwire)

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