Shares of International Business Machines Rank the Highest in Terms of Level of Cash in the IT Consulting & Other Services Industry (IBM, ACN, CTSH, CSC, DOX)
Below are the three companies in the IT Consulting & Other Services industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
International Business Machines ranks highest with a CE of $10,000. Accenture is next with a CE of $4,000. Cognizant Technology Solutions ranks third highest with a CE of $4,000.
Computer Sciences follows with a CE of $2,000, and Amdocs rounds out the top five with a CE of $1,000.
SmarTrend recommended that subscribers consider buying shares of Computer Sciences on March 30th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $33.88. Since that recommendation, shares of Computer Sciences have risen 63.8%. We continue to monitor Computer Sciences for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash International Business Machines accenture Cognizant Technology Solutions computer sciences amdocs