Accenture LTD (NYSE:ACN) Q2 2019 Sentiment Report

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Sentiment for Accenture LTD (NYSE:ACN)

Accenture LTD (NYSE:ACN) institutional sentiment decreased to 1.03 in Q2 2019. Its down -0.17, from 1.2 in 2019Q1. The ratio dived, as 444 active investment managers increased and started new stock positions, while 433 sold and reduced holdings in Accenture LTD. The active investment managers in our partner’s database reported: 446.64 million shares, up from 444.15 million shares in 2019Q1. Also, the number of active investment managers holding Accenture LTD in their top 10 stock positions decreased from 55 to 52 for a decrease of 3. Sold All: 39 Reduced: 394 Increased: 342 New Position: 102.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $124.18 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 27.05 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 0.46% or $0.9 during the last trading session, reaching $194.62. About 1.46M shares traded. Accenture plc (NYSE:ACN) has risen 20.80% since September 13, 2018 and is uptrending. It has outperformed by 20.80% the S&P500.

Analysts await Accenture plc (NYSE:ACN) to report earnings on September, 26 before the open. They expect $1.71 earnings per share, up 8.23 % or $0.13 from last year’s $1.58 per share. ACN’s profit will be $1.09B for 28.45 P/E if the $1.71 EPS becomes a reality. After $1.93 actual earnings per share reported by Accenture plc for the previous quarter, Wall Street now forecasts -11.40 % negative EPS growth.

Csu Producer Resources Inc. holds 13.62% of its portfolio in Accenture plc for 20,000 shares. Praesidium Investment Management Company Llc owns 919,926 shares or 10.59% of their US portfolio. Moreover, Provident Trust Co has 8.11% invested in the company for 1.28 million shares. The Florida-based Suncoast Equity Management has invested 7.79% in the stock. Thomas Story & Son Llc, a Illinois-based fund reported 65,500 shares.

Accenture plc (NYSE:ACN) Ratings Coverage

Ratings analysis reveals 75% of Accenture’s analysts are positive. Out of 8 Wall Street analysts rating Accenture, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $180 while the high is $21100. The stock’s average target of $193.38 is -0.64% below today’s ($194.62) share price. ACN was included in 15 notes of analysts from March 20, 2019. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 21. Cantor Fitzgerald maintained Accenture plc (NYSE:ACN) on Friday, March 29 with “Overweight” rating. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, March 29. The stock of Accenture plc (NYSE:ACN) has “Neutral” rating given on Friday, March 29 by Robert W. Baird. Wells Fargo maintained the stock with “Outperform” rating in Thursday, September 12 report. Wells Fargo maintained it with “Outperform” rating and $20000 target in Thursday, June 13 report. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Cantor Fitzgerald on Friday, March 22. Citigroup maintained the stock with “Buy” rating in Friday, March 29 report. The company was maintained on Thursday, June 20 by Citigroup. The firm has “Overweight” rating by Morgan Stanley given on Friday, March 29.

More notable recent Accenture plc (NYSE:ACN) news were published by: Businesswire.com which released: “Accenture Ranked #1 in New HFS Top Ten Report in SAP® SuccessFactors Services® – Business Wire” on September 13, 2019, also Seekingalpha.com with their article: “Accenture buys Fairway Tech – Seeking Alpha” published on August 27, 2019, Finance.Yahoo.com published: “Why Accenture plc’s (NYSE:ACN) Return On Capital Employed Is Impressive – Yahoo Finance” on August 27, 2019. More interesting news about Accenture plc (NYSE:ACN) were released by: Businesswire.com and their article: “Accenture Seeks Emerging Innovators and Disruptors for Its Fourth Annual Accenture HealthTech Innovation Challenge – Business Wire” published on September 03, 2019 as well as Seekingalpha.com‘s news article titled: “Accenture buys Pragsis Bidoop – Seeking Alpha” with publication date: September 10, 2019.

Accenture plc (NYSE:ACN) Ratings Chart

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