November 24, 2016 - By Winifred Garcia · 0 Comments
Accenture LTD (NYSE:ACN) institutional sentiment increased to 0.99 in Q2 2016. Its up 0.20, from 0.79 in 2016Q1. The ratio is more positive, as 347 hedge funds started new or increased holdings, while 441 sold and reduced positions in Accenture LTD. The hedge funds in our partner’s database now own: 430.38 million shares, down from 438.10 million shares in 2016Q1. Also, the number of hedge funds holding Accenture LTD in their top 10 holdings decreased from 65 to 55 for a decrease of 10. Sold All: 49 Reduced: 392 Increased: 298 New Position: 49.
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 $77.52 billion. The Firm provides management and technology consulting services. It has a 18.57 P/E ratio. The Company’s divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
The stock increased 0.28% or $0.34 on November 23, hitting $119.82. About 1.97 million shares traded hands. Accenture Plc (NYSE:ACN) has risen 5.15% since April 22, 2016 and is uptrending. It has underperformed by 0.26% the S&P500.
Analysts await Accenture Plc (NYSE:ACN) to report earnings on December, 21 before the open. They expect $1.49 earnings per share, up 16.41% or $0.21 from last year’s $1.28 per share. ACN’s profit will be $963.99 million for 20.10 P/E if the $1.49 EPS becomes a reality. After $1.31 actual earnings per share reported by Accenture Plc for the previous quarter, Wall Street now forecasts 13.74% EPS growth.
According to Zacks Investment Research, “Accenture Plc is a management consulting, technology services and outsourcing organization. The Company’s business is structured around five operating groups, namely, Communications & High Tech, Financial Services, Products, Public Service and Resources. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Accenture Plc is headquartered in New York.”
Csu Producer Resources Inc. holds 14.3% of its portfolio in Accenture Plc for 20,000 shares. Sloane Robinson Llp owns 107,000 shares or 10.54% of their US portfolio. Moreover, Praesidium Investment Management Company Llc has 8.57% invested in the company for 867,002 shares. The Florida-based Suncoast Equity Management has invested 8.14% in the stock. Provident Trust Co, a Wisconsin-based fund reported 1.23 million shares.#img1#
Ratings analysis reveals 61% of Accenture Plc’s analysts are positive. Out of 18 Wall Street analysts rating Accenture Plc, 11 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $103 while the high is $140. The stock’s average target of $120.65 is 0.69% above today’s ($119.82) share price. ACN was included in 31 notes of analysts from August 12, 2015. Pacific Crest initiated the shares of ACN in a report on Tuesday, July 12 with “Overweight” rating. The stock of Accenture Plc (NYSE:ACN) earned “Outperform” rating by Cowen & Co on Friday, February 19. The stock of Accenture Plc (NYSE:ACN) earned “Buy” rating by Argus Research on Tuesday, September 8. The stock of Accenture Plc (NYSE:ACN) earned “Outperform” rating by RBC Capital Markets on Friday, June 24. The firm earned “Outperform” rating on Tuesday, May 31 by Cowen & Co. The stock of Accenture Plc (NYSE:ACN) earned “Buy” rating by Berenberg on Thursday, October 13. Wedbush initiated the stock with “Outperform” rating in Friday, September 9 report. The stock of Accenture Plc (NYSE:ACN) earned “Equalweight” rating by Barclays Capital on Thursday, July 7. JP Morgan maintained Accenture Plc (NYSE:ACN) on Monday, March 28 with “Overweight” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, September 21.
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 Winifred Garcia