Accenture Plc (ACN) Stock Is An 52-Week High Flier

June 19, 2017 - By Maria Brooks

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.06, from 0.99 in 2016Q3. It turned negative, as 48 investors sold Accenture Plc shares while 379 reduced holdings. 98 funds opened positions while 298 raised stakes. 466.12 million shares or 9.23% more from 426.72 million shares in 2016Q3 were reported.
Hayek Kallen Invest Mgmt has invested 1.98% in Accenture Plc (NYSE:ACN). 15,777 are held by Bradley Foster And Sargent Ct. Standard Life Invests stated it has 205,717 shares. Maplelane Capital Limited Com holds 0% of its portfolio in Accenture Plc (NYSE:ACN) for 1 shares. Ariel Limited Liability Company holds 1% or 14,265 shares in its portfolio. Teacher Retirement Sys Of Texas, a Texas-based fund reported 344,449 shares. Endurance Wealth Management Inc accumulated 155 shares. Joel Isaacson & Lc reported 1,215 shares. Smithfield Tru holds 0.09% in Accenture Plc (NYSE:ACN) or 4,682 shares. Pacad Inv Limited holds 0.02% or 1,200 shares in its portfolio. Vanguard Group accumulated 44.63 million shares or 0.29% of the stock. Banque Pictet And Cie has invested 0.11% of its portfolio in Accenture Plc (NYSE:ACN). Comml Bank Of Montreal Can reported 954,488 shares stake. 817,360 were reported by Chevy Chase Holdg. Highstreet Asset Mngmt Inc accumulated 0.23% or 5,654 shares.

The stock of Accenture Plc (NYSE:ACN) hit a new 52-week high and has $132.10 target or 3.00 % above today’s $128.25 share price. The 9 months bullish chart indicates low risk for the $83.34B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $132.10 price target is reached, the company will be worth $2.50B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 159,685 shares traded. Accenture Plc (NYSE:ACN) has risen 4.27% since June 19, 2016 and is uptrending. It has underperformed by 12.43% the S&P500.

Wall Street await Accenture Plc (NYSE:ACN) to release earnings on June, 22. Analysts forecast earnings per share of $1.51, up exactly $0.10 or 7.09 % from 2014’s $1.41 EPS. The expected ACN’s profit could reach $981.24M giving the stock 21.24 P/E in the case that $1.51 earnings per share is reported. After posting $1.33 EPS for the previous quarter, Accenture Plc’s analysts now forecast 13.53 % EPS growth.

Accenture Plc (NYSE:ACN) Ratings Coverage

Among 19 analysts covering Accenture Plc (NYSE:ACN), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. Accenture Plc has $140 highest and $11 lowest target. $116.56’s average target is -9.12% below currents $128.25 stock price. Accenture Plc had 39 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald on Monday, May 29 with “Buy”. The rating was maintained by Barclays Capital on Monday, September 21 with “Equal-Weight”. Argus Research upgraded it to “Buy” rating and $108.0 target in Tuesday, September 8 report. The firm has “Hold” rating by BMO Capital Markets given on Friday, March 24. The stock has “Outperform” rating by RBC Capital Markets on Friday, June 24. The company was maintained on Monday, March 28 by Citigroup. As per Friday, December 18, the company rating was maintained by RBC Capital Markets. The rating was initiated by Cantor Fitzgerald with “Buy” on Friday, October 16. As per Tuesday, May 31, the company rating was maintained by Cowen & Co. The rating was maintained by Credit Suisse on Monday, March 27 with “Hold”.

More notable recent Accenture Plc (NYSE:ACN) news were published by: Zacks.com which released: “Accenture Continues Inorganic Growth with SolutionsIQ Buyout” on June 05, 2017, also Streetinsider.com with their article: “Accenture (ACN): Earnings Preview, Raising PT – Wells Fargo” published on June 16, 2017, Seekingalpha.com published: “Accenture acquires LabAnswer to continue cloud push” on June 01, 2017. More interesting news about Accenture Plc (NYSE:ACN) were released by: Zacks.com and their article: “Is Accenture (ACN) Likely to Miss Q3 Earnings Estimates?” published on June 16, 2017 as well as Zacks.com‘s news article titled: “SAP, Accenture Extend Ties to Work on Intelligent Analytics” with publication date: June 13, 2017.

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 market cap of $83.34 billion. The Firm provides management and technology consulting services. It has a 21.37 P/E ratio. The Company’s divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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