Accenture LTD (NYSE:ACN) 2017 Q4 Sentiment

April 25, 2018 - By Vivian Currie

Accenture plc (NYSE:ACN) Logo

Sentiment for Accenture LTD (NYSE:ACN)

Accenture LTD (NYSE:ACN) institutional sentiment decreased to 0.93 in Q4 2017. Its down -0.07, from 1 in 2017Q3. The ratio dropped, as 408 investment professionals started new and increased stock positions, while 439 cut down and sold their equity positions in Accenture LTD. The investment professionals in our partner’s database reported: 456.89 million shares, down from 461.53 million shares in 2017Q3. Also, the number of investment professionals holding Accenture LTD in their top 10 stock positions increased from 45 to 48 for an increase of 3. Sold All: 46 Reduced: 393 Increased: 300 New Position: 108.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $95.97 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 26.23 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 1.21% or $1.83 during the last trading session, reaching $149.24. About 1.11M shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 25, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 EPS, up 12.50 % or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10 billion for 21.82 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23 % EPS growth.

Csu Producer Resources Inc. holds 13.33% of its portfolio in Accenture plc for 20,000 shares. Praesidium Investment Management Company Llc owns 785,142 shares or 9.31% of their US portfolio. Moreover, Wcm Investment Management Ca has 9.15% invested in the company for 5.28 million shares. The Florida-based Suncoast Equity Management has invested 8.22% in the stock. Independent Franchise Partners Llp, a United Kingdom-based fund reported 6.06 million shares.

Accenture plc (NYSE:ACN) Ratings Coverage

Ratings analysis reveals 50% of Accenture’s analysts are positive. Out of 16 Wall Street analysts rating Accenture, 8 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $15 while the high is $181. The stock’s average target of $166.31 is 11.44% above today’s ($149.24) share price. ACN was included in 30 notes of analysts from October 29, 2017. The firm has “Buy” rating given on Friday, December 22 by Pivotal Research. On Tuesday, December 26 the stock rating was maintained by Susquehanna with “Hold”. As per Thursday, December 14, the company rating was maintained by Cowen & Co. On Thursday, January 11 the stock rating was maintained by Cowen & Co with “Buy”. Morgan Stanley upgraded Accenture plc (NYSE:ACN) on Monday, February 5 to “Buy” rating. RBC Capital Markets maintained the shares of ACN in report on Thursday, December 21 with “Buy” rating. Cantor Fitzgerald maintained Accenture plc (NYSE:ACN) rating on Friday, December 22. Cantor Fitzgerald has “Overweight” rating and $180 target. Robert W. Baird maintained Accenture plc (NYSE:ACN) on Monday, December 4 with “Hold” rating. The firm has “Hold” rating given on Thursday, March 22 by BMO Capital Markets. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Cowen & Co on Friday, December 22.

Accenture plc (NYSE:ACN) Ratings Chart

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