Accenture LTD (NYSE:ACN): Stock Institutional Investors Are Happy About

September 30, 2018 - By Catherine Diaz

Accenture plc (NYSE:ACN) Logo

Sentiment for Accenture LTD (NYSE:ACN)

Accenture LTD (NYSE:ACN) institutional sentiment increased to 1.07 in 2018 Q2. Its up 0.10, from 0.97 in 2018Q1. The ratio is positive, as 454 hedge funds increased and started new positions, while 424 sold and trimmed positions in Accenture LTD. The hedge funds in our partner’s database now possess: 453.91 million shares, up from 449.75 million shares in 2018Q1. Also, the number of hedge funds holding Accenture LTD in their top 10 positions increased from 47 to 60 for an increase of 13. Sold All: 48 Reduced: 376 Increased: 345 New Position: 109.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $109.06 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 27.26 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 increased 0.09% or $0.15 during the last trading session, reaching $170.2. About 2.38M shares traded or 24.20% up from the average. Accenture plc (NYSE:ACN) has risen 25.06% since September 30, 2017 and is uptrending. It has outperformed by 9.44% the S&P500.

Csu Producer Resources Inc. holds 13.71% of its portfolio in Accenture plc for 20,000 shares. Praesidium Investment Management Company Llc owns 834,738 shares or 10.27% of their US portfolio. Moreover, Wcm Investment Management Ca has 8.88% invested in the company for 5.69 million shares. The Florida-based Suncoast Equity Management has invested 8.14% in the stock. Provident Trust Co, a Wisconsin-based fund reported 1.19 million shares.

Accenture plc (NYSE:ACN) Ratings Coverage

Ratings analysis reveals 60% of Accenture’s analysts are positive. Out of 10 Wall Street analysts rating Accenture, 6 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $160 while the high is $185. The stock’s average target of $176.44 is 3.67% above today’s ($170.2) share price. ACN was included in 13 notes of analysts from April 2, 2018. The firm earned “Overweight” rating on Friday, June 29 by Cantor Fitzgerald. The company was maintained on Friday, June 29 by Citigroup. The company was maintained on Friday, June 29 by Deutsche Bank. The stock of Accenture plc (NYSE:ACN) has “Neutral” rating given on Monday, September 24 by Bank of America. Susquehanna upgraded Accenture plc (NYSE:ACN) on Tuesday, June 19 to “Positive” rating. Wedbush maintained Accenture plc (NYSE:ACN) on Monday, April 2 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Tuesday, September 18. Credit Suisse maintained the stock with “Neutral” rating in Friday, September 28 report. The firm earned “Buy” rating on Monday, June 25 by Robert W. Baird. Stifel Nicolaus maintained it with “Buy” rating and $179 target in Thursday, June 21 report.

More notable recent Accenture plc (NYSE:ACN) news were published by: Seekingalpha.com which released: “Accenture plc 2018 Q4 – Results – Earnings Call Slides” on September 27, 2018, also Seekingalpha.com with their article: “IBM launches bias-detection service for AI” published on September 19, 2018, Seekingalpha.com published: “Accenture plc (ACN) CEO Pierre Nanterme on Q4 2018 Results – Earnings Call Transcript” on September 27, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Seekingalpha.com and their article: “Accenture issues guidance ahead of consensus” published on September 27, 2018 as well as Seekingalpha.com‘s news article titled: “Accenture declares $1.46 dividend” with publication date: September 27, 2018.

Accenture plc (NYSE:ACN) Ratings Chart

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