Could Accenture Plc (NYSE:ACN) See a Reversal After More Sellers Came In?

June 20, 2017 - By Marry Poplack

 Could Accenture Plc (NYSE:ACN) See a Reversal After More Sellers Came In?

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.06, from 0.99 in 2016Q3. It is negative, as 48 investors sold Accenture Plc shares while 379 reduced holdings. 98 funds opened positions while 298 raised stakes. 466.12 million shares or 9.23% more from 426.72 million shares in 2016Q3 were reported.
D E Shaw Com Inc owns 43,643 shares or 0.01% of their US portfolio. Earnest Prtn Ltd Company has 322 shares. Jennison Associates Ltd Liability Company accumulated 0% or 11,208 shares. Connor Clark And Lunn accumulated 56,847 shares. 2,250 are held by Hm Cap Mgmt Limited Liability Corp. Moreover, Wilbanks Smith And Thomas Asset Ltd Liability Co has 0.02% invested in Accenture Plc (NYSE:ACN) for 1,793 shares. Trillium Asset owns 28,300 shares or 0.22% of their US portfolio. M&R Capital Mngmt holds 60,174 shares or 1.9% of its portfolio. Federated Inc Pa reported 0% in Accenture Plc (NYSE:ACN). 185,821 are held by Texas Permanent School Fund. Livforsakringsbolaget Skandia Omsesidigt reported 0.25% in Accenture Plc (NYSE:ACN). Rmb Cap Mngmt Ltd Liability holds 0.6% or 95,477 shares in its portfolio. Praesidium Management Limited Com invested in 855,233 shares or 8.11% of the stock. Choate Invest Advsrs holds 0% of its portfolio in Accenture Plc (NYSE:ACN) for 11,766 shares. Panagora Asset Management Inc invested 0.06% of its portfolio in Accenture Plc (NYSE:ACN).

The stock of Accenture Plc (NYSE:ACN) registered an increase of 18.74% in short interest. ACN’s total short interest was 9.01M shares in June as published by FINRA. Its up 18.74% from 7.59 million shares, reported previously. With 1.78 million shares average volume, it will take short sellers 5 days to cover their ACN’s short positions. The short interest to Accenture Plc’s float is 1.46%.

It closed at $127.77 lastly. It is down 4.27% since June 20, 2016 and is uptrending. It has underperformed by 12.43% the S&P500.

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 market cap of $82.82 billion. The Firm provides management and technology consulting services. It has a 21.29 P/E ratio. The Company’s divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

Accenture Plc (NYSE:ACN) Ratings Coverage

Among 19 analysts covering Accenture Plc (NYSE:ACN), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. Accenture Plc had 39 analyst reports since August 12, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of ACN in report on Monday, September 21 with “Equal-Weight” rating. The company was maintained on Friday, June 24 by RBC Capital Markets. Barclays Capital maintained it with “Equalweight” rating and $112 target in Thursday, July 7 report. On Monday, April 3 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm earned “Overweight” rating on Tuesday, July 12 by Pacific Crest. As per Monday, May 29, the company rating was maintained by Cantor Fitzgerald. The stock of Accenture Plc (NYSE:ACN) has “Outperform” rating given on Thursday, March 30 by Wedbush. RBC Capital Markets maintained Accenture Plc (NYSE:ACN) rating on Friday, December 18. RBC Capital Markets has “Outperform” rating and $121 target. The stock of Accenture Plc (NYSE:ACN) has “Hold” rating given on Monday, March 27 by Credit Suisse. The firm has “Buy” rating given on Tuesday, September 8 by Argus Research.

More notable recent Accenture Plc (NYSE:ACN) news were published by: Reuters.com which released: “Accenture, Microsoft team up on blockchain-based digital ID network” on June 19, 2017, also Zacks.com with their article: “Accenture to Buy LabAnswer, Expand Life Sciences Portfolio” published on June 02, 2017, Zacks.com published: “Accenture Continues Inorganic Growth with SolutionsIQ Buyout” on June 05, 2017. More interesting news about Accenture Plc (NYSE:ACN) were released by: Streetinsider.com and their article: “Accenture plc (ACN) PT Raised to $138 at Baird Ahead of 3Q Release” published on June 14, 2017 as well as Zacks.com‘s news article titled: “SAP, Accenture Extend Ties to Work on Intelligent Analytics” with publication date: June 13, 2017.

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