Sentiment Report: Accenture LTD (NYSE:ACN)

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Sentiment for Accenture LTD (NYSE:ACN)

Accenture LTD (NYSE:ACN) institutional sentiment decreased to 1.03 in 2019 Q2. Its down -0.17, from 1.2 in 2019Q1. The ratio turned negative, as 444 active investment managers opened new or increased holdings, while 433 sold and decreased their equity positions in Accenture LTD. The active investment managers in our partner’s database now have: 446.64 million shares, up from 444.15 million shares in 2019Q1. Also, the number of active investment managers holding Accenture LTD in their top 10 holdings decreased from 55 to 52 for a decrease of 3. Sold All: 39 Reduced: 394 Increased: 342 New Position: 102.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $124.18 billion. The Company’s Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions; and serves clients in communications, electronics, high technology, media, and entertainment industries. It has a 27.05 P/E ratio. The companyÂ’s Financial Services segment offers services that help clients enhance cost efficiency, grow their customer base, manage risk, and transform their operations; and serves clients in banking, capital markets, and insurance industries.

The stock decreased 0.46% or $0.9 during the last trading session, reaching $194.62. About 1.46M shares traded. Accenture plc (NYSE:ACN) has risen 20.80% since September 13, 2018 and is uptrending. It has outperformed by 20.80% the S&P500.

Analysts await Accenture plc (NYSE:ACN) to report earnings on September, 26 before the open. They expect $1.71 EPS, up 8.23 % or $0.13 from last year’s $1.58 per share. ACN’s profit will be $1.09B for 28.45 P/E if the $1.71 EPS becomes a reality. After $1.93 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts -11.40 % negative EPS growth.

Csu Producer Resources Inc. holds 13.62% of its portfolio in Accenture plc for 20,000 shares. Praesidium Investment Management Company Llc owns 919,926 shares or 10.59% of their US portfolio. Moreover, Provident Trust Co has 8.11% invested in the company for 1.28 million shares. The Florida-based Suncoast Equity Management has invested 7.79% in the stock. Thomas Story & Son Llc, a Illinois-based fund reported 65,500 shares.

Accenture plc (NYSE:ACN) Ratings Coverage

Ratings analysis reveals 75% of Accenture’s analysts are positive. Out of 8 Wall Street analysts rating Accenture, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $180 while the high is $21100. The stock’s average target of $193.38 is -0.64% below today’s ($194.62) share price. ACN was included in 15 notes of analysts from March 20, 2019. The firm earned “Buy” rating on Friday, March 22 by Cantor Fitzgerald. The company was maintained on Friday, March 29 by Citigroup. As per Thursday, March 21, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Robert W. Baird on Friday, March 29 with “Neutral”. The stock of Accenture plc (NYSE:ACN) has “Overweight” rating given on Friday, March 29 by Cantor Fitzgerald. The rating was maintained by Morgan Stanley on Friday, March 29 with “Overweight”. Wells Fargo maintained Accenture plc (NYSE:ACN) rating on Wednesday, March 20. Wells Fargo has “Buy” rating and $181 target. The firm has “Buy” rating given on Thursday, June 20 by Citigroup. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, March 29. The rating was maintained by Wells Fargo on Thursday, June 13 with “Outperform”.

More notable recent Accenture plc (NYSE:ACN) news were published by: Finance.Yahoo.com which released: “Why Accenture plc’s (NYSE:ACN) Return On Capital Employed Is Impressive – Yahoo Finance” on August 27, 2019, also Finance.Yahoo.com with their article: “What Kind Of Shareholder Appears On The Accenture plc’s (NYSE:ACN) Shareholder Register? – Yahoo Finance” published on July 16, 2019, Investorideas.com published: “Newswire – The AI Eye: Accenture (NYSE: ACN) Announces Expansion of Google Cloud Partnership Into Indonesia, Wipro (NYSE: WIT) Named AI Leader – InvestorIdeas.com” on September 06, 2019. More interesting news about Accenture plc (NYSE:ACN) were released by: Finance.Yahoo.com and their article: “Accenture Falls 3% – Yahoo Finance” published on September 09, 2019 as well as Streetinsider.com‘s news article titled: “Accenture (ACN) Reports Acquisition of Analytics8 – StreetInsider.com” with publication date: August 15, 2019.

Accenture plc (NYSE:ACN) Ratings Chart

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