Stock Worth Mentioning Today: Accenture LTD (NYSE:ACN) First Quarter Institutional Investor Sentiment Steady

January 11, 2017 - By Pete Kolinski   ·   0 Comments

Stock Worth Mentioning Today: Accenture LTD (NYSE:ACN) First Quarter Institutional Investor Sentiment Steady

Sentiment for Accenture LTD (NYSE:ACN)

Accenture LTD (NYSE:ACN) institutional sentiment increased to 0.99 in 2016 Q3. Its up 0.20, from 0.79 in 2016Q2. The ratio has improved, as 401 institutional investors increased or opened new equity positions, while 404 reduced and sold equity positions in Accenture LTD. The institutional investors in our partner’s database now have: 426.72 million shares, down from 430.38 million shares in 2016Q2. Also, the number of institutional investors holding Accenture LTD in their top 10 equity positions increased from 55 to 61 for an increase of 6. Sold All: 62 Reduced: 342 Increased: 326 New Position: 75.

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 $75.41 billion. The Firm provides management and technology consulting services. It has a 17.16 P/E ratio. The Company’s divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

About 1.88M shares traded hands. Accenture Plc (NYSE:ACN) has declined 3.84% since June 7, 2016 and is downtrending. It has underperformed by 11.26% the S&P500.

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 14.34% of its portfolio in Accenture Plc for 20,000 shares. Praesidium Investment Management Company Llc owns 872,487 shares or 9.03% of their US portfolio. Moreover, Suncoast Equity Management has 8.6% invested in the company for 233,592 shares. The Wisconsin-based Provident Trust Co has invested 8.35% in the stock. Schwerin Boyle Capital Management Inc, a Massachusetts-based fund reported 419,194 shares.#img1#

Accenture Plc (NYSE:ACN) Ratings Coverage

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 $120.41 is 3.84% above today’s ($115.96) share price. ACN was included in 32 notes of analysts from August 12, 2015. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, December 22. The company was maintained on Monday, September 21 by Barclays Capital. Societe Generale upgraded the shares of ACN in a report on Monday, September 26 to “Buy” rating. The stock of Accenture Plc (NYSE:ACN) has “Buy” rating given on Thursday, October 13 by Berenberg. The stock of Accenture Plc (NYSE:ACN) earned “Overweight” rating by JP Morgan on Monday, March 28. The firm has “Outperform” rating by RBC Capital Markets given on Friday, December 18. The stock of Accenture Plc (NYSE:ACN) earned “Outperform” rating by Wedbush on Friday, September 9. The stock has “Neutral” rating given by Citigroup on Monday, March 28. The rating was initiated by Pacific Crest with “Overweight” on Tuesday, July 12. The firm has “Outperform” rating by Cowen & Co given on Tuesday, May 31.

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.

More important recent Accenture Plc (NYSE:ACN) news were published by: Fool.com which released: “Accenture Plc Lowers Revenue Target Due to Currency Challenges” on December 21, 2016, also Seekingalpha.com published article titled: “Will There Be Another Successful Year For Accenture?”, Twst.com published: “Accenture plc: Accenture Announces Intention to Acquire French Security …” on December 20, 2016. More interesting news about Accenture Plc (NYSE:ACN) was released by: Streetinsider.com and their article: “Form 4 Accenture plc For: Jan 05 Filed by: Shook Ellyn” with publication date: January 06, 2017.

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By Pete Kolinski

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