Institutional Investor Sentiment About Accenture LTD (NYSE:ACN) Up

April 25, 2018 - By Hazel Jackson

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 fall, as 408 funds increased and opened new holdings, while 439 decreased and sold positions in Accenture LTD. The funds in our partner’s database now possess: 456.89 million shares, down from 461.53 million shares in 2017Q3. Also, the number of funds holding Accenture LTD in their top 10 holdings 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 earnings per share, 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 earnings per share 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. Susquehanna maintained the shares of ACN in report on Tuesday, December 26 with “Hold” rating. The firm has “Hold” rating given on Tuesday, January 2 by Credit Suisse. SunTrust maintained the stock with “Hold” rating in Thursday, December 21 report. The stock of Accenture plc (NYSE:ACN) has “Outperform” rating given on Tuesday, March 20 by Wedbush. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Friday, December 22 by Cowen & Co. Wedbush maintained it with “Buy” rating and $18000 target in Monday, April 2 report. Robert W. Baird maintained the stock with “Neutral” rating in Tuesday, March 20 report. Morgan Stanley upgraded Accenture plc (NYSE:ACN) rating on Monday, February 5. Morgan Stanley has “Buy” rating and $180.0 target. Stifel Nicolaus maintained Accenture plc (NYSE:ACN) on Thursday, November 2 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Sunday, October 29 with “Buy”.

Accenture plc (NYSE:ACN) Ratings Chart

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