Analysts are on the Bearish side about Accenture plc (NYSE:ACN) this week.

October 11, 2018 - By Dolores Ford

Accenture plc (NYSE:ACN) LogoInvestors sentiment increased to 1.07 in Q2 2018. Its up 0.10, from 0.97 in 2018Q1. It is positive, as 48 investors sold Accenture plc shares while 376 reduced holdings. 109 funds opened positions while 345 raised stakes. 453.91 million shares or 0.93% more from 449.75 million shares in 2018Q1 were reported.
Rock Point Advisors holds 47,574 shares or 3.77% of its portfolio. The California-based Windward Mngmt Ca has invested 3.71% in Accenture plc (NYSE:ACN). Raymond James Trust Na stated it has 0.51% in Accenture plc (NYSE:ACN). Professional Advisory Services has 90,556 shares for 3.06% of their portfolio. Susquehanna Intl Gp Llp has invested 0% in Accenture plc (NYSE:ACN). Deutsche Bankshares Ag has 1.51M shares. Cibc National Bank Usa has invested 0.27% in Accenture plc (NYSE:ACN). Essex Finance Svcs accumulated 3,070 shares or 0.12% of the stock. Karpas Strategies Ltd Liability Company stated it has 0.1% in Accenture plc (NYSE:ACN). Signaturefd Ltd Liability Com holds 0.12% of its portfolio in Accenture plc (NYSE:ACN) for 6,564 shares. Dakota Wealth owns 3,259 shares or 0.15% of their US portfolio. The Minnesota-based Gradient Investments Ltd Liability Company has invested 0% in Accenture plc (NYSE:ACN). Charter Trust reported 1,246 shares or 0.02% of all its holdings. Schwab Charles Investment Mgmt Inc owns 2.69M shares. Zwj Invest Counsel Inc holds 48,334 shares.

Accenture plc (NYSE:ACN) Ratings Coverage

Among 9 analysts covering Accenture (NYSE:ACN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Accenture had 12 analyst reports since May 18, 2018 according to SRatingsIntel. Bank of America maintained Accenture plc (NYSE:ACN) rating on Monday, September 24. Bank of America has “Neutral” rating and $175 target. The company was maintained on Friday, June 29 by Citigroup. The rating was upgraded by Susquehanna to “Positive” on Tuesday, June 19. The company was maintained on Friday, May 18 by KeyBanc Capital Markets. The stock of Accenture plc (NYSE:ACN) earned “Neutral” rating by Credit Suisse on Friday, September 28. Citigroup maintained the shares of ACN in report on Tuesday, September 18 with “Neutral” rating. On Friday, June 29 the stock rating was maintained by Credit Suisse with “Neutral”. On Friday, June 29 the stock rating was maintained by Cantor Fitzgerald with “Overweight”. The firm earned “Buy” rating on Thursday, June 21 by Stifel Nicolaus. The company was maintained on Friday, June 29 by Deutsche Bank. Below is a list of Accenture plc (NYSE:ACN) latest ratings and price target changes.

28/09/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $160 New Target: $170 Maintain
28/09/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $174 New Target: $176 Maintain
24/09/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $174 New Target: $175 Maintain
18/09/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $163 New Target: $172 Maintain
29/06/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $151 New Target: $160 Maintain
29/06/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $159 New Target: $163 Maintain
29/06/2018 Broker: Cantor Fitzgerald Old Rating: Overweight New Rating: Overweight Old Target: $180 New Target: $185 Maintain
29/06/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $165 New Target: $170 Maintain
25/06/2018 Broker: Robert W. Baird Rating: Buy New Target: $165.0000 Maintain
21/06/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $170 New Target: $179 Maintain

The stock decreased 1.20% or $1.94 during the last trading session, reaching $159.8. About 645,303 shares traded. Accenture plc (NYSE:ACN) has risen 25.06% since October 11, 2017 and is uptrending. It has outperformed by 9.44% the S&P500.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $102.39 billion. The Company’s Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions; and serves clients in communications, electronics, high technology, media, and entertainment industries. It has a 25.6 P/E ratio. The companyÂ’s Financial Services segment offers services that help clients enhance cost efficiency, grow their customer base, manage risk, and transform their operations; and serves clients in banking, capital markets, and insurance industries.

More notable recent Accenture plc (NYSE:ACN) news were published by: Seekingalpha.com which released: “Accenture plc 2018 Q4 – Results – Earnings Call Slides” on September 27, 2018, also Seekingalpha.com with their article: “IBM launches bias-detection service for AI” published on September 19, 2018, Seekingalpha.com published: “Accenture issues guidance ahead of consensus” on September 27, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Seekingalpha.com and their article: “Accenture declares $1.46 dividend” published on September 27, 2018 as well as Seekingalpha.com‘s news article titled: “Cognizant Tech confirms Softvision acquisition” with publication date: October 04, 2018.

Accenture plc (NYSE:ACN) Ratings Chart

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