In today’s session Accenture Plc (ACN) registered an unusually high (712) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ACN increase. With 712 contracts traded and 12044 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ACN161021C00118000 closed last at: $3.9 or 22% down. About 673,606 shares traded hands. Accenture Plc (NYSE:ACN) has risen 15.18% since March 2, 2016 and is uptrending. It has outperformed by 6.92% the S&P500.
Accenture Plc (NYSE:ACN) Ratings Coverage
Out of 17 analysts covering Accenture Plc (NYSE:ACN), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. $139 is the highest target while $103 is the lowest. The $119.44 average target is 1.33% above today’s ($117.87) stock price. Accenture Plc has been the topic of 30 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Friday, June 24 the stock rating was downgraded by Credit Suisse to “Neutral”. The company was maintained on Friday, June 24 by RBC Capital Markets. On Monday, March 28 the stock rating was maintained by Citigroup with “Neutral”. Cowen & Co maintained Accenture Plc (NYSE:ACN) rating on Tuesday, May 31. Cowen & Co has “Outperform” rating and $130 price target. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, September 30. The rating was initiated by Wedbush with “Outperform” on Friday, September 9. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, September 21. The rating was maintained by Barclays Capital with “Equalweight” on Thursday, July 7. The rating was initiated by Pacific Crest with “Overweight” on Tuesday, July 12. On Friday, October 16 the stock rating was initiated by Cantor Fitzgerald with “Buy”.
According to Zacks Investment Research, “Accenture Plc is a management consulting, technology services and outsourcing organization. The Company’s business is structured around five operating groups, namely, Communications & High Tech, Financial Services, Products, Public Service and Resources. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Accenture Plc is headquartered in New York.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.10, from 0.89 in 2016Q1. The ratio dropped, as 49 funds sold all Accenture Plc shares owned while 392 reduced positions. 49 funds bought stakes while 298 increased positions. They now own 430.38 million shares or 1.76% less from 438.10 million shares in 2016Q1.
Columbia Prtnrs L L C Investment Mngmt accumulated 59,883 shares or 0.5% of the stock. Sentinel Asset Mngmt Inc holds 1.26% or 469,500 shares in its portfolio. Investec Asset Management last reported 73,740 shares in the company. Invsts Advisory Ser has 5,153 shares for 0.11% of their US portfolio. Stock Yards National Bank & Trust Trust has invested 0.82% of its portfolio in Accenture Plc (NYSE:ACN). Garrison Fin Corporation has 34,897 shares for 2.64% of their US portfolio. Alley Company Ltd Liability holds 2.16% of its portfolio in Accenture Plc (NYSE:ACN) for 42,039 shares. The California-based Private Wealth Prtn Limited has invested 0.05% in Accenture Plc (NYSE:ACN). Shinko Asset, a Japan-based fund reported 1,635 shares. Cetera Advisor Network Ltd last reported 5,402 shares in the company. Karp Mgmt Corporation owns 19,524 shares or 1.47% of their US portfolio. Brookmont Cap Mgmt owns 18,402 shares or 0.76% of their US portfolio. Goldman Sachs Group holds 0.12% or 3.33M shares in its portfolio. Moreover, Pecaut has 0.27% invested in Accenture Plc (NYSE:ACN) for 2,300 shares. Allianz Asset Mngmt Ag reported 2.98 million shares or 0.18% of all its holdings.
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The company has a market cap of $75.03 billion. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. It has a 19.91 P/E ratio. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
ACN Company Profile
Accenture plc (Accenture), incorporated on June 10, 2009, is engaged in providing management consulting, technology and outsourcing services. The Companyâ€™s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companyâ€™s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. In June 2014, it acquired PureApps. In June 2014, Accenture PLC completed the acquisition of Enkitec, Oracle Platinum partner and Oracle database administration and development. In September 2014, the Company acquired Hytracc Consulting.
More notable recent Accenture Plc (NYSE:ACN) news were published by: Fool.com which released: “Market Share Gains Help Drive Accenture Plc Earnings Higher” on September 30, 2016, also Investorplace.com with their article: “Accenture Plc (ACN) Gets an Upgrade, But It’s Not a Buy” published on October 04, 2016, Twst.com published: “Accenture plc: Accenture to Acquire Defense Point Security to Bolster …” on October 05, 2016. More interesting news about Accenture Plc (NYSE:ACN) were released by: Benzinga.com and their article: “Accenture The Best House In A Tough Neighborhood” published on September 30, 2016 as well as Benzinga.com‘s news article titled: “Accenture’s Recent Bookings Should Reflect In Q4 Report” with publication date: September 27, 2016.
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