Its entrenched leadership position results in a wide moat.
The narrow-moat firm remains one of the premier global IT services firms.
Our fair value estimate for the narrow economic moat firm is unchanged.
The wide-moat firm is boosted by leading products and niche markets.
The wide-moat firm benefits from strong switching costs and a network effect related to its platform-based software offerings.
Online growth continues to impress, while shares of the wide-moat firm are trading at a premium.
We are lowering our fair value estimate for the narrow-moat firm and think shares remain undervalued.
The narrow-moat firm is still juggling legacy and growth businesses; shares are somewhat undervalued.
We're maintaining our fair value estimate on the narrow-moat company.
We reiterate our fair value estimate and wide economic moat rating for the firm.
We are maintaining our $168 fair value estimate and narrow economic moat rating for the firm.
Despite the wide-moat firm's strong positioning and growth prospects, we think shares are overpriced.
We've lifted our fair value estimate due to ongoing favorable tax conditions.
The no-moat firm won't combine with Fuji Xerox, will settle with Carl Icahn and Darwin Deason, and will replace current management.
We reiterate our $168 fair value estimate and narrow economic moat rating for the firm.
The firm's shift toward higher value enterprise IT is now necessary for the firm to avoid competitive relegation and commoditization.
As subscription plan recurring revenue overtakes maintenance plan recurring revenue, we've raised our fair value estimate on the wide-moat firm, but shares are rich.
Meg Whitman's final quarter as CEO was marked by revenue improvement across all three segments.
We think the narrow-moat firm has turned the growth corner and can post modest full-year revenue growth over the coming years.
We're raising our fair value estimate for the tech giant.
The wide-moat firm's focus on improving its customer experience seems to be resonating well with clients, in addition to continual development of new product features.
We see a strong embedded position in IT services and cloud markets, and expect an improved outlook for the systems business.
We reiterate our fair value estimate, and recommend a wider margin of safety before investing.
Management is optimistic that results will look better in the second half of 2017, but we think investors should wait for a bigger discount before buying.
One surprising area of weakness for the wide-moat firm was the growth in the Health & Public Service business.
We would recommend the stock to investors seeking exposure to offshore IT services.
Comcast is likely to join the other Big Four companies and license the IP of the narrow-moat firm.
Though we're impressed with the wide-moat company, the stock is currently overvalued today.
Shares of the narrow-moat firm remain fairly valued, and we would seek a wider margin of safety before investing.
We're encouraged by the wide-moat firm's ability to execute on its long-term recurring revenue strategy and keep customers within its product family.
Our long-term opinion of the industry is unchanged, and we see options for the firms to lessen the burden.
The firm is making progress in returning to revenue growth, but we think investors should wait for a more attractive entry point.
Wide-moat Accenture posted a solid-as-ever quarterly performance, enjoying continued strength in its new digital, cloud, and security-related services.
A value-enhancement plan rolled out by hedge fund Elliott Management could lift shareholder returns for the market-leading IT services firm.
Hedge fund manager Elliott Management has offered the narrow-moat IT services firm a blueprint for unlocking value, but we question the timing and seriousness of the board's response.
However, we think workarounds exist for these providers.
The narrow-moat firm remains a leading provider in digital operations, and it has strong prospects in digital and cloud-related work.
We'd recommend investors wait for a larger discount to our fair value estimate before diving into this stock.
The maker of TurboTax software has done a good job of transitioning existing and attracting new customers to its online ecosystem, and we're raising our fair-value estimate.
As cloud computing and changes in services disrupt the tech world, we think Cognizant is underappreciated by the market.
New initiatives continue to mitigate the decline in IBM’s core business, but we don’t see a margin of safety in the shares.
Close ties with market-leading companies ensure significant recurring business.
Despite IBM's ongoing repositioning, too many lingering questions remain for investors to buy at the current price, writes Morningstar’s Andrew Lange.
We lowered the company's moat rating to narrow from wide because we have concerns about its long-term competitive position and the future economics of pricing and margins.
Investors able to handle risk could find value in the shares.
Its transition to a subscription business model remains largely on track.
Tata, Wipro, and Infosys should maintain their industry positioning as the industry evolves, says Morningstar's Andrew Lange.
Technological adaptation and moderating revenue growth will characterize the next stage for Indian IT services firms.
Consulting offers the most advantage in this huge, fragmented market.
With its recently announced acquisition plans, we think Cognizant offers the most attractive upside within the IT services industry.