Is Accenture Plc a Buy? The Stock Had Bullish Options Activity Today

 Is Accenture Plc a Buy? The Stock Had Bullish Options Activity Today

In today’s session Accenture Plc (ACN) registered an unusually high (519) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ACN increase. With 519 contracts traded and 19284 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ACN170120C00125000 closed last at: $2.05 or 64% up. About 742,418 shares traded hands. Accenture Plc (NYSE:ACN) has risen 1.26% since April 4, 2016 and is uptrending. It has outperformed by 0.16% the S&P500.

Accenture Plc (NYSE:ACN) Ratings Coverage

Out of 18 analysts covering Accenture Plc (NYSE:ACN), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. $140 is the highest target while $103 is the lowest. The $120.65 average target is 2.52% above today’s ($117.68) stock price. Accenture Plc has been the topic of 31 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of ACN in a report on Monday, March 28 with “Equalweight” rating. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, October 3. Barclays Capital maintained Accenture Plc (NYSE:ACN) rating on Thursday, July 7. Barclays Capital has “Equalweight” rating and $112 price target. On Monday, March 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. Societe Generale upgraded the shares of ACN in a report on Monday, September 26 to “Buy” rating. The stock of Accenture Plc (NYSE:ACN) earned “Buy” rating by Cantor Fitzgerald on Friday, October 16. On Monday, March 28 the stock rating was maintained by JP Morgan with “Overweight”. As per Friday, June 24, the company rating was maintained by RBC Capital Markets. The rating was initiated by Wedbush with “Outperform” on Friday, September 9. The stock has “Neutral” rating given by Credit Suisse on Friday, June 24.

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 is negative, 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.
Commonwealth Commercial Bank Of Aus, a Australia-based fund reported 59,123 shares. Glg Lc last reported 0.19% of its portfolio in the stock. Spectrum Mgmt Group Incorporated has invested 0.49% of its portfolio in Accenture Plc (NYSE:ACN). Garrison Financial holds 2.64% of its portfolio in Accenture Plc (NYSE:ACN) for 34,897 shares. Hartline Invest Corporation owns 8,978 shares or 0.37% of their US portfolio. Bp Plc accumulated 0.73% or 162,000 shares. Moreover, Tru Department Mb National Bank N A has 0% invested in Accenture Plc (NYSE:ACN) for 58 shares. The Texas-based Next Fincl Grp has invested 0.01% in Accenture Plc (NYSE:ACN). Mackenzie has 298,758 shares for 0.19% of their US portfolio. Financial Counselors Incorporated last reported 4,439 shares in the company. Deere accumulated 43,793 shares or 0.27% of the stock. Punch And Assoc Investment has 0.48% invested in the company for 36,771 shares. Huntington Bancorp accumulated 0.42% or 181,745 shares. Retail Bank reported 33,815 shares or 0.53% of all its holdings. Foster And Motley holds 44,244 shares or 0.99% of its portfolio.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The company has a market cap of $76.20 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 18.24 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 Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’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 news for Accenture Plc (NYSE:ACN) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Accenture, WD-40 and Procter & Gamble” on October 17, 2016. Bloomberg.com‘s article titled: “Accenture Says One-Third of Corporate Cyber Attacks Succeed” and published on November 02, 2016 is yet another important article.

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