Accenture PLC (ACN) Getting Somewhat Positive News Coverage, Study Shows
Headlines about Accenture PLC (NYSE:ACN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Accenture PLC earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 45.9178746855886 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Accenture Opens Digital Hub in Singapore, Expands Globally – Nasdaq (nasdaq.com)
- Six US Insurers Implement Latest Accenture Life Insurance and Annuity Platform (finance.yahoo.com)
- Accenture CEO is Focused on Reskilling the Workforce for the Digital Future – TheStreet.com (thestreet.com)
- Accenture plc (ACN) 4.68% away from 20 SMA – Voice Of Analysts (analystsbuzz.com)
A number of research analysts recently commented on ACN shares. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Monday, August 28th. Cowen and Company increased their target price on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Stifel Nicolaus increased their target price on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. SunTrust Banks, Inc. cut Accenture PLC from a “buy” rating to a “hold” rating and increased their target price for the company from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research report on Monday, May 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Accenture PLC has a consensus rating of “Buy” and an average price target of $132.59.
Shares of Accenture PLC (NYSE:ACN) traded up 0.07% during trading on Thursday, hitting $134.87. 2,935,178 shares of the company’s stock were exchanged. Accenture PLC has a one year low of $109.12 and a one year high of $136.95. The firm has a 50-day moving average price of $130.21 and a 200-day moving average price of $124.68. The stock has a market cap of $83.35 billion, a P/E ratio of 23.88 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the prior year, the company earned $1.41 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Accenture PLC will post $5.90 EPS for the current fiscal year.
In other news, General Counsel Chad T. Jerdee sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the sale, the general counsel now owns 18,566 shares of the company’s stock, valued at approximately $2,283,061.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the sale, the insider now directly owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. Insiders sold a total of 79,817 shares of company stock valued at $9,920,929 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.
Accenture PLC Company Profile
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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