Bearish Options Activity on Accenture Plc After Worse Fundamentals

 Bearish Options Activity on Accenture Plc After Worse Fundamentals

In today’s session Accenture Plc (ACN) recorded an unusually high (430) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ACN decrease. With 430 contracts traded and 29414 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ACN161216P00120000 closed last at: $1.45 or 6.5% down. About 318,108 shares traded hands. Accenture Plc (NYSE:ACN) has risen 4.46% since April 28, 2016 and is uptrending. It has underperformed by 1.46% the S&P500.

Analysts await Accenture Plc (NYSE:ACN) to report earnings on December, 21 before the open. They expect $1.49 EPS, up 16.41% or $0.21 from last year’s $1.28 per share. ACN’s profit will be $953.64M for 19.90 P/E if the $1.49 EPS becomes a reality. After $1.31 actual EPS reported by Accenture Plc for the previous quarter, Wall Street now forecasts 13.74% EPS growth.

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 1.71% above today’s ($118.62) stock price. Accenture Plc has been the topic of 31 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Monday, March 28 by JP Morgan. The stock has “Neutral” rating given by Citigroup on Monday, March 28. The firm has “Outperform” rating by Cowen & Co given on Friday, February 19. Barclays Capital maintained Accenture Plc (NYSE:ACN) on Friday, September 30 with “Equal-Weight” rating. Barclays Capital maintained it with “Equalweight” rating and $110 target price in Monday, March 28 report. Societe Generale upgraded the shares of ACN in a report on Monday, September 26 to “Buy” rating. The rating was downgraded by Credit Suisse on Friday, June 24 to “Neutral”. The rating was initiated by Pacific Crest on Tuesday, July 12 with “Overweight”. On Thursday, October 13 the stock rating was initiated by Berenberg with “Buy”. On Thursday, July 7 the stock rating was maintained by Barclays Capital with “Equalweight”.

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 increased to 0.99 in 2016 Q2. Its up 0.20, from 0.79 in 2016Q1. The ratio increased, 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.
Brown Advisory has 0.49% invested in the company for 1.23 million shares. Parsec Management has 2,415 shares for 0.03% of their US portfolio. Gideon Advsrs reported 6,008 shares or 0.4% of all its holdings. Daiwa Securities Group has invested 0.09% of its portfolio in Accenture Plc (NYSE:ACN). Mogy Joel R Counsel, a California-based fund reported 77,175 shares. Usca Ria Limited Liability has 20,712 shares for 0.39% of their US portfolio. Sandy Spring National Bank & Trust holds 0.24% or 18,275 shares in its portfolio. The Illinois-based Lodestar Invest Counsel Ltd Il has invested 1.85% in Accenture Plc (NYSE:ACN). Virtu Fin Limited Co has 1,902 shares for 0.03% of their US portfolio. Moreover, Brown Brothers Harriman And has 0% invested in Accenture Plc (NYSE:ACN) for 6,000 shares. One National Association accumulated 24,316 shares or 0.23% of the stock. Smith Asset Management Grp L P holds 0.4% or 117,250 shares in its portfolio. Brave Asset Management accumulated 1,000 shares or 0.08% of the stock. The Ontario – Canada-based Canada Pension Plan Invest Board has invested 0.05% in Accenture Plc (NYSE:ACN). Hermes Management has 0.63% invested in the company for 274,458 shares.

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 $75.92 billion. The Firm provides management and technology consulting services. It has a 18.39 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 Completes Acquisition of a 47.4% Shareholding in OCTO Technology” on November 25, 2016. Themiddlemarket.com‘s article titled: “Accenture Acquires Karmarama to Expand Digital Marketing Services” and published on November 30, 2016 is yet another important article.

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