Does Accenture Plc Class A Ordinary Shares (ireland) (NYSE:ACN) Have Gas After Even Less Sellers Involved?

March 16, 2018 - By Kurt Siggers

 Does Accenture Plc Class A Ordinary Shares (ireland) (NYSE:ACN) Have Gas After Even Less Sellers Involved?

Investors sentiment decreased to 1 in Q3 2017. Its down 0.05, from 1.05 in 2017Q2. It turned negative, as 40 investors sold Accenture plc shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported.
Meeder Asset Mngmt Inc holds 36,068 shares or 0.53% of its portfolio. Telemus Llc owns 0.84% invested in Accenture plc (NYSE:ACN) for 39,381 shares. Commonwealth Natl Bank Of has invested 0.08% in Accenture plc (NYSE:ACN). Pittenger Anderson Incorporated has 81,035 shares. Huntington Bankshares has invested 0.56% of its portfolio in Accenture plc (NYSE:ACN). Wcm Investment Ca has invested 8.51% in Accenture plc (NYSE:ACN). Gateway Investment Advisers Ltd Liability holds 0.05% or 42,948 shares in its portfolio. Crawford Inv Counsel holds 401,354 shares or 1.76% of its portfolio. 94,972 were accumulated by Connor Clark Lunn Invest Mngmt Limited. Ferguson Wellman Cap Mngmt has 0.01% invested in Accenture plc (NYSE:ACN). Cantab Capital Prns Ltd Liability Partnership has 35,835 shares. Cognios Capital Limited Liability Co owns 4,728 shares. Cibc Savings Bank Usa has 16,075 shares for 0.28% of their portfolio. Family Firm Inc reported 2,377 shares. Pacific Invest Mgmt Communications has invested 0.08% in Accenture plc (NYSE:ACN).

The stock of Accenture Plc Class A Ordinary Shares (ireland) (NYSE:ACN) registered a decrease of 6.34% in short interest. ACN’s total short interest was 8.80 million shares in March as published by FINRA. Its down 6.34% from 9.40 million shares, reported previously. With 1.87M shares average volume, it will take short sellers 5 days to cover their ACN’s short positions. The short interest to Accenture Plc Class A Ordinary Shares (ireland)’s float is 1.43%.

The stock decreased 1.21% or $1.97 during the last trading session, reaching $160.89. About 3.64M shares traded or 62.52% up from the average. Accenture plc (NYSE:ACN) has risen 4.27% since March 16, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $99.22 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 28.52 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.

Accenture plc (NYSE:ACN) Ratings Coverage

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 89 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Monday, August 14 by RBC Capital Markets. The company was maintained on Wednesday, December 27 by Robert W. Baird. The stock has “Hold” rating by Societe Generale on Thursday, September 28. Barclays Capital maintained it with “Equalweight” rating and $112 target in Thursday, July 7 report. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, December 21. The rating was maintained by KeyBanc Capital Markets with “Buy” on Sunday, October 29. The rating was maintained by RBC Capital Markets on Wednesday, July 12 with “Buy”. KeyBanc Capital Markets maintained Accenture plc (NYSE:ACN) rating on Friday, December 22. KeyBanc Capital Markets has “Buy” rating and $172.0 target. The firm has “Hold” rating given on Tuesday, December 26 by Susquehanna. BMO Capital Markets maintained Accenture plc (NYSE:ACN) on Thursday, December 21 with “Hold” rating.

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