Short Interest: Today Accenture Plc (NYSE:ACN) Reported Decrease in Shorted Shares

November 23, 2016 - By Ellis Scott   ·   0 Comments

Short Interest: Today Accenture Plc (NYSE:ACN) Reported Decrease in Shorted Shares

The stock of Accenture Plc (NYSE:ACN) registered a decrease of 2.27% in short interest. ACN’s total short interest was 13.51M shares in November as published by FINRA. Its down 2.27% from 13.83M shares, reported previously. With 1.92M shares average volume, it will take short sellers 7 days to cover their ACN’s short positions. About 145,540 shares traded hands. Accenture Plc (NYSE:ACN) has risen 4.37% since April 21, 2016 and is uptrending. It has underperformed by 0.96% the S&P500.

Accenture plc is a professional services firm serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The company has a market cap of $77.78 billion. The Firm provides management and technology consulting services. It has a 18.63 P/E ratio. The Company’s divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.20, from 0.79 in 2016Q1. The ratio increased, as 49 funds sold all Accenture Plc shares owned while 392 reduced positions. 49 funds bought stakes while 298 increased positions. They now own 430.38 million shares or 1.76% less from 438.10 million shares in 2016Q1.
Silvercrest Asset Mgmt last reported 0.08% of its portfolio in the stock. Ngam Advsr L P last reported 433,973 shares in the company. Arrowgrass Capital (Us) L P has invested 0% of its portfolio in Accenture Plc (NYSE:ACN). First Merchants Corporation holds 35,867 shares or 1.34% of its portfolio. First Corp In last reported 2,698 shares in the company. The New York-based Natl Asset Mngmt has invested 0.2% in Accenture Plc (NYSE:ACN). Moreover, Rmb Capital Mgmt Ltd Liability has 0.53% invested in Accenture Plc (NYSE:ACN) for 88,727 shares. Hm Cap Management Lc has 0.27% invested in the company for 2,250 shares. Howard Capital Mgmt holds 2.39% or 109,623 shares in its portfolio. Busey Tru accumulated 1.14% or 78,734 shares. Moreover, Johnson Invest Counsel has 0.91% invested in Accenture Plc (NYSE:ACN) for 244,134 shares. Everett Harris & Ca, a California-based fund reported 187,652 shares. Cincinnati Financial has 2.01% invested in the company for 315,000 shares. Bridgeway Capital holds 0.07% or 41,700 shares in its portfolio. Provident Commerce, a Wisconsin-based fund reported 1.23M shares.

Accenture Plc (NYSE:ACN) Ratings Coverage

Out of 18 analysts covering Accenture Plc (NYSE:ACN), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. Accenture Plc has been the topic of 31 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, December 18 by RBC Capital Markets. Stifel Nicolaus maintained Accenture Plc (NYSE:ACN) on Monday, March 21 with “Buy” rating. JP Morgan maintained Accenture Plc (NYSE:ACN) rating on Monday, March 28. JP Morgan has “Overweight” rating and $121 price target. The company was maintained on Thursday, July 7 by Barclays Capital. The stock has “Neutral” rating given by Citigroup on Monday, March 28. On Tuesday, September 8 the stock rating was upgraded by Argus Research to “Buy”. The stock of Accenture Plc (NYSE:ACN) has “Equalweight” rating given on Monday, March 28 by Barclays Capital. The rating was initiated by Cowen & Co with “Outperform” on Friday, February 19. Barclays Capital maintained Accenture Plc (NYSE:ACN) on Monday, September 21 with “Equal-Weight” rating. The rating was maintained by Stifel Nicolaus on Friday, May 20 with “Buy”.

ACN Company Profile

Accenture plc, incorporated on June 10, 2009, is a professional services firm serving clients in a range of industries and in geographic regions, which include North America, Europe and Growth Markets. The Firm is engaged in providing management and technology consulting services. The Company’s divisions include Communications, Media & Technology; Financial Services; Health & Public Service; Products, and Resources. The Company’s services and solutions include Accenture Strategy, Accenture Consulting, Accenture Digital, Accenture Technology and Accenture Operations. The Accenture Strategy provides a range of strategy services focused on areas, such as digital technologies; enterprise architecture and applications; Chief Financial Officer (CFO) and enterprise value; information technology (IT); security; mergers and acquisitions; operations; advanced customer services, and talent and organization. The Accenture Consulting provides industry insights and management and technology consulting capabilities. The Accenture Digital provides digital services across three areas, including Accenture Interactive, Accenture Mobility and Accenture Analytics. The Accenture Technology comprises two primary areas: Technology Services, and Technology Innovation and Ecosystem. The Accenture Operations provide business process services, infrastructure services, security services and cloud services, including the Accenture cloud platform.

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By Ellis Scott


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