Monday, February 10, 2014

18 Largest US Information Technology Services Company Stock Prices Down 46% Due to Financial Meltdown Spillover Effects, Then Up 395% Under Obama and the US Fed

I found 24 US Information Technology Services Companies classified in the Technology Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each.

Of these 24 US Information Technology Services Companies, 18 of them also had their common stocks trading on each of the following three dates:

  • On December 31, 2007 during President Bush's second term
  • On March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date February 7, 2014.

The historical common stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 18 largest US Information Technology Services Companies having their common stocks trading on each of the above three dates had their average stock prices drop by a huge 46% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the slightly less than five years since March 6, 2009, the average stock prices of these same 18 largest US Information Technology Services Companies have increased by a very impressive 395% through February 7, 2014, led by two California-based companies.....ServiceNow and iGATE.....both with stock price increases above 1,000%.

Clearly, the investors in and employees of nearly all of these 18 largest US Information Technology Services Companies must be very pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state.

Below here are the stock market prices of each of these 18 largest US Information Technology Services Companies having their stocks trading on February 7, 2014, on March 6, 2009, and also on December 31, 2007:








Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
Information Technology Services Company HQs
2-7-14 3-6-09 12-31-07 2-7-14 3-6-09




ServiceNow San Diego CA       66.29         5.00       10.29 1226% -51%
iGATE Fremont CA       31.86         2.56         7.95 1145% -68%
Unisys Blue Bell PA       32.10         3.30       47.30 873% -93%
Gartner Stamford CT       65.33         8.94       17.56 631% -49%
Virtusa Westborough MA       36.06         5.75       17.33 527% -67%
Computer Task Group Buffalo NY       15.84         2.98         5.53 432% -46%
Acxiom Little Rock AR       36.00         7.20       11.73 400% -39%
NCR Duluth GA       32.07         6.80       25.10 372% -73%
Syntel Troy MI       82.34       18.11       38.52 355% -53%
Riverbed Technology San Francisco CA       19.99         4.97       13.37 303% -63%
Fidelity National Information Services Jacksonville FL       53.71       16.39       12.90 228% 27%
Accenture Chicago IL       80.58       28.00       36.03 188% -22%
Xerox Norwalk CT       10.41         4.28       16.19 143% -74%
IBM Armonk NY      177.25       85.81      108.10 107% -21%
Computer Sciences Corp Falls Church VA       60.06       32.84       49.47 83% -34%
Ciber Greenwood Village CO         3.80         2.20         6.11 73% -64%
Sykes Enterprises Tampa FL       20.35       13.92       18.00 46% -23%
Epiq Systems Kansas City KS       13.74       15.58       17.41 -12% -11%








Average % Change all 18




395% -46%


And in the chart below are the stock market prices on February 7, 2014 and on the close of the first trading date of the 6 additional US Information Technology Services Companies with current Total Market Capitalizations of at least $100 mil each and which didn't have their common stocks trading on December 31, 2007:






Closing






Month Price






Of On




Market
First First




Price
Trading Trading
%
Information Technology Services Company HQs
2-7-14
Date Date
Change









Rackspace Hosting San Antonio TX       39.51
Aug 2008       10.01
295%
Digimarc Beaverton OR       30.20
Oct 2008         9.45
220%
EPAM Systems Newtown PA       43.41
Feb 2012       14.00
210%
CDW Corp Vernon Hills IL       23.55
Jun 2013       18.37
28%
Science Applications Intl McLean VA       36.52
Sep 2013       31.43
16%
Boingo Wireless Los Angeles CA         5.99
May 2011       12.10
-50%









Average % Increase all 6






120%