Is Buying Stock Like Accenture Plc Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Accenture Plc Good Idea After Today's Bullish Options Activity?

In today’s session Accenture Plc (ACN) registered an unusually high (315) 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 315 contracts traded and 21914 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ACN170120C00120000 closed last at: $4.1 or 14.6% down. About 1.50 million shares traded hands. Accenture Plc (NYSE:ACN) has risen 1.99% since April 13, 2016 and is uptrending. It has underperformed by 1.94% 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. Accenture Plc has been the topic of 31 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with “Buy” rating and $128 target price in Friday, May 20 report. On Monday, March 28 the stock rating was maintained by Citigroup with “Neutral”. On Tuesday, May 31 the stock rating was maintained by Cowen & Co with “Outperform”. Barclays Capital maintained Accenture Plc (NYSE:ACN) on Monday, March 28 with “Equalweight” rating. Credit Suisse downgraded the stock to “Neutral” rating in Friday, June 24 report. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, September 21. The company was maintained on Thursday, July 7 by Barclays Capital. JP Morgan maintained Accenture Plc (NYSE:ACN) rating on Monday, March 28. JP Morgan has “Overweight” rating and $121 price target. The stock has “Buy” rating given by Stifel Nicolaus on Monday, March 21. The stock has “Buy” rating given by Berenberg on Thursday, October 13.

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 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.
Bahl Gaynor has 0.75% invested in the company for 509,578 shares. The Georgia-based Advisory Services Networks Limited Liability has invested 0.36% in Accenture Plc (NYSE:ACN). Train Babcock Advisors Ltd Liability has invested 3.23% of its portfolio in Accenture Plc (NYSE:ACN). Covington Inv holds 2.03% or 40,645 shares in its portfolio. Moreover, Burney has 0.65% invested in Accenture Plc (NYSE:ACN) for 79,699 shares. Brinker Capital Inc last reported 11,355 shares in the company. Bingham Osborn Scarborough Lc has invested 0.16% of its portfolio in Accenture Plc (NYSE:ACN). Tiaa Cref Investment Mngmt Limited Com holds 0.34% of its portfolio in Accenture Plc (NYSE:ACN) for 3.91M shares. Schwab Charles Inc holds 0.25% or 1.79M shares in its portfolio. Moreover, Regentatlantic Cap Ltd Llc has 0.07% invested in Accenture Plc (NYSE:ACN) for 6,094 shares. First Citizens Natl Bank And Tru holds 0.04% of its portfolio in Accenture Plc (NYSE:ACN) for 3,612 shares. Boston And accumulated 1.96% or 28,506 shares. Hightower Advsrs Ltd Liability Co holds 0.06% or 43,726 shares in its portfolio. Hutchin Hill Capital Ltd Partnership accumulated 0.06% or 15,500 shares. Trust Of Virginia Va accumulated 3,001 shares or 0.06% of the stock.

Accenture plc is a professional services firm serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The company has a market cap of $73.71 billion. The Firm provides management and technology consulting services. It has a 17.92 P/E ratio. The Company’s divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

ACN Company Profile

Accenture plc, incorporated on June 10, 2009, is a professional services firm serving clients in a range of industries and in geographic regions, which include North America, Europe and Growth Markets. The Firm is engaged in providing management and technology consulting services. The Company’s divisions include Communications, Media & Technology; Financial Services; Health & Public Service; Products, and Resources. The Company’s services and solutions include Accenture Strategy, Accenture Consulting, Accenture Digital, Accenture Technology and Accenture Operations. The Accenture Strategy provides a range of strategy services focused on areas, such as digital technologies; enterprise architecture and applications; Chief Financial Officer (CFO) and enterprise value; information technology (IT); security; mergers and acquisitions; operations; advanced customer services, and talent and organization. The Accenture Consulting provides industry insights and management and technology consulting capabilities. The Accenture Digital provides digital services across three areas, including Accenture Interactive, Accenture Mobility and Accenture Analytics. The Accenture Technology comprises two primary areas: Technology Services, and Technology Innovation and Ecosystem. The Accenture Operations provide business process services, infrastructure services, security services and cloud services, including the Accenture cloud platform.

More news for Accenture Plc (NYSE:ACN) were recently published by: Businesswire.com, which released: “Accenture Acquires Nashco Consulting Ltd., Expanding ServiceNow Capabilities …” on November 09, 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.

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