$1.49 EPS Expected for Accenture plc (ACN)

March 4, 2018 - By Nellie Frank

 $1.49 EPS Expected for Accenture plc (ACN)
Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It fall, 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.
Verition Fund Mngmt Lc invested in 0.1% or 9,313 shares. Bb&T holds 0.7% or 266,021 shares in its portfolio. Old Financial Bank In invested 0.12% in Accenture plc (NYSE:ACN). Stevens Management Ltd Partnership owns 112,749 shares. Engineers Gate Manager L P holds 0.16% or 14,418 shares. Ballentine Ptnrs Ltd owns 7,321 shares or 0.05% of their US portfolio. Penn Davis Mcfarland Inc owns 49,138 shares or 2.05% of their US portfolio. Dearborn Ptnrs Limited Liability Corp invested in 1.27% or 127,698 shares. Vontobel Asset Mgmt holds 0.74% of its portfolio in Accenture plc (NYSE:ACN) for 799,923 shares. Oakbrook Invs Limited Liability Company invested in 2,175 shares. Lau Associates Ltd holds 2.55% or 24,361 shares. Paloma Prtn Management invested in 19,199 shares or 0.04% of the stock. Lombard Odier Asset (Switzerland) Sa accumulated 3,474 shares. Veritas Mngmt (Uk) Limited reported 3.82% in Accenture plc (NYSE:ACN). Northeast Invest Mngmt invested 0.66% in Accenture plc (NYSE:ACN).

Analysts expect Accenture plc (NYSE:ACN) to report $1.49 EPS on March, 22.They anticipate $0.16 EPS change or 12.03 % from last quarter’s $1.33 EPS. ACN’s profit would be $918.83 million giving it 26.43 P/E if the $1.49 EPS is correct. After having $1.79 EPS previously, Accenture plc’s analysts see -16.76 % EPS growth. The stock increased 0.86% or $1.35 during the last trading session, reaching $157.5. About 2.96 million shares traded or 38.82% up from the average. Accenture plc (NYSE:ACN) has risen 4.27% since March 5, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

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. On Thursday, December 14 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Hold” rating by Robert W. Baird on Wednesday, December 27. Wells Fargo maintained Accenture plc (NYSE:ACN) on Friday, September 29 with “Outperform” rating. The firm earned “Buy” rating on Friday, September 15 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Thursday, September 7 with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Friday, December 22 report. The firm has “Neutral” rating by Citigroup given on Monday, March 28. As per Friday, December 22, the company rating was maintained by Cantor Fitzgerald. On Tuesday, October 3 the stock rating was downgraded by Susquehanna to “Neutral”. As per Friday, September 1, the company rating was maintained by Robert W. Baird.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $97.13 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 27.92 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.

More recent Accenture plc (NYSE:ACN) news were published by: Bizjournals.com which released: “Accenture names Columbus a digital ‘innovation hub’ as it adds 200 jobs” on February 27, 2018. Also Streetinsider.com published the news titled: “UPDATE: Morgan Stanley Upgrades Accenture plc (ACN) to Overweight, Upgrades IT …” on February 05, 2018. Bizjournals.com‘s news article titled: “Columbus’ coolest offices: Accenture’s innovation hub in an old buggy factory …” with publication date: February 28, 2018 was also an interesting one.

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