Accenture LTD Q2 2019 Institutional Investor Sentiment Worse Than Expected

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Sentiment for Accenture LTD (NYSE:ACN)

Accenture LTD (NYSE:ACN) institutional sentiment decreased to 1.03 in 2019 Q2. Its down -0.17, from 1.2 in 2019Q1. The ratio worsened, as 444 funds started new and increased holdings, while 433 sold and reduced their holdings in Accenture LTD. The funds in our partner’s database now hold: 446.64 million shares, up from 444.15 million shares in 2019Q1. Also, the number of funds holding Accenture LTD in their top 10 holdings 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 1.46 million 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 EPS, up 8.23 % or $0.13 from last year’s $1.58 per share. ACN’s profit will be $1.09 billion for 28.45 P/E if the $1.71 EPS becomes a reality. After $1.93 actual EPS 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. Cantor Fitzgerald maintained Accenture plc (NYSE:ACN) rating on Friday, March 29. Cantor Fitzgerald has “Overweight” rating and $199 target. KeyBanc Capital Markets maintained the shares of ACN in report on Friday, March 29 with “Overweight” rating. Cantor Fitzgerald maintained Accenture plc (NYSE:ACN) on Friday, March 22 with “Buy” rating. Morgan Stanley maintained the shares of ACN in report on Friday, March 29 with “Overweight” rating. Robert W. Baird maintained it with “Neutral” rating and $182 target in Friday, March 29 report. Citigroup maintained it with “Buy” rating and $194 target in Friday, March 29 report. The stock of Accenture plc (NYSE:ACN) has “Outperform” rating given on Thursday, June 13 by Wells Fargo. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, March 21. Wells Fargo maintained Accenture plc (NYSE:ACN) rating on Wednesday, March 20. Wells Fargo has “Buy” rating and $181 target. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Citigroup on Thursday, June 20.

More notable recent Accenture plc (NYSE:ACN) news were published by: Finance.Yahoo.com which released: “When Should You Buy Accenture plc (NYSE:ACN)? – Yahoo Finance” on July 30, 2019, also Seekingalpha.com with their article: “Accenture Ascends: Buying This Breakout – Seeking Alpha” published on April 04, 2019, Seekingalpha.com published: “Accenture: A 10-Year, Full-Cycle Analysis – Seeking Alpha” on September 12, 2019. More interesting news about Accenture plc (NYSE:ACN) were released by: Finance.Yahoo.com and their article: “Accenture Falls 3% – Yahoo Finance” published on September 09, 2019 as well as Businesswire.com‘s news article titled: “Accenture Seeks Emerging Innovators and Disruptors for Its Fourth Annual Accenture HealthTech Innovation Challenge – Business Wire” with publication date: September 03, 2019.

Accenture plc (NYSE:ACN) Ratings Chart

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