Market Runner: What’s Next for Accenture Plc After Today’s Big Increase?

Market Runner: What's Next for Accenture Plc After Today's Big Increase?

The stock of Accenture Plc (NYSE:ACN) is a huge mover today! About 1.27M shares traded hands. Accenture Plc (NYSE:ACN) has risen 6.39% since April 11, 2016 and is uptrending. It has outperformed by 0.25% the S&P500.
The move comes after 9 months positive chart setup for the $79.85B company. It was reported on Nov, 11 by Barchart.com. We have $177.61 PT which if reached, will make NYSE:ACN worth $38.33B more.

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. Accenture Plc has been the topic of 31 analyst reports since August 12, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, December 18 report. Cantor Fitzgerald maintained Accenture Plc (NYSE:ACN) rating on Monday, October 3. Cantor Fitzgerald has “Buy” rating and $139 price target. Societe Generale upgraded the stock to “Buy” rating in Monday, September 26 report. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, May 20 report. Wedbush initiated the shares of ACN in a report on Friday, September 9 with “Outperform” rating. Barclays Capital maintained it with “Equal-Weight” rating and $106 target price in Monday, September 21 report. Credit Suisse downgraded Accenture Plc (NYSE:ACN) rating on Friday, June 24. Credit Suisse has “Neutral” rating and $120 price target. On Friday, October 16 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The rating was upgraded by Argus Research to “Buy” on Tuesday, September 8. Citigroup maintained Accenture Plc (NYSE:ACN) on Wednesday, September 28 with “Neutral” rating.

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 2016 Q2. Its down 0.10, from 0.89 in 2016Q1. The ratio turned 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.
Hartford Invest Mngmt last reported 167,050 shares in the company. Coldstream Capital Mngmt has 0.32% invested in the company for 16,178 shares. The California-based Aspiriant Limited Liability Company has invested 0.02% in Accenture Plc (NYSE:ACN). Schroder Inv Mngmt Grp holds 0.14% of its portfolio in Accenture Plc (NYSE:ACN) for 635,959 shares. Cantab Prtn Limited Liability Partnership holds 8,294 shares or 0% of its portfolio. Gulf Bancorp (Uk) Limited reported 189,283 shares or 0.36% of all its holdings. Moreover, Gerstein Fisher has 0.1% invested in Accenture Plc (NYSE:ACN) for 6,657 shares. Kingfisher Cap Ltd Llc accumulated 0% or 3,140 shares. Fiduciary Mgmt Incorporated Wi last reported 6.86 million shares in the company. United Advisers Ltd Llc has 111,115 shares for 0.13% of their US portfolio. Cue Fincl Grp Inc Incorporated reported 9,326 shares or 0.91% of all its holdings. Richard Bernstein Advisors Lc holds 0.49% or 45,647 shares in its portfolio. Davenport Ltd Llc owns 547,842 shares or 0% of their US portfolio. Bessemer Grp Incorporated owns 52,690 shares or 0.03% of their US portfolio. Stifel Financial holds 0.24% of its portfolio in Accenture Plc (NYSE:ACN) for 452,955 shares.

More news for Accenture Plc (NYSE:ACN) were recently published by: Businesswire.com, which released: “Accenture Completes Acquisition of DayNine to Boost Market-Leading Workday …” on November 10, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Accenture, WD-40 and Procter & Gamble” and published on October 17, 2016 is yet another important article.

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.

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