Accenture (ACN) Getting Somewhat Favorable News Coverage, Study Shows
News coverage about Accenture (NYSE:ACN) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Accenture earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the information technology services provider an impact score of 46.3921888205719 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- AI, blockchain smart contracts among top oil and gas tech trends, survey shows (finance.yahoo.com)
- Accenture Ranks No. 1 on Thomson Reuters Index of World’s Most Diverse and Inclusive Companies (newsroom.accenture.com)
- October 26th Options Now Available For Accenture (ACN) (nasdaq.com)
- Accenture Achieves Lead Position in HFS Industry Blueprint Report for Telecommunications Operations (newsroom.accenture.com)
- TIBCO Partner Excellence Awards Recognize Global Innovators (finance.yahoo.com)
A number of equities analysts have issued reports on ACN shares. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a research note on Tuesday, June 5th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research note on Tuesday, May 22nd. Wolfe Research started coverage on Accenture in a research note on Tuesday, July 17th. They set an “underperform” rating for the company. Susquehanna Bancshares upgraded Accenture from a “neutral” rating to a “positive” rating and lifted their price target for the company from $165.00 to $190.00 in a research note on Tuesday, June 19th. Finally, UBS Group upgraded Accenture from a “neutral” rating to a “positive” rating in a research note on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. Accenture has an average rating of “Hold” and a consensus target price of $162.11.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 28th. The information technology services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.72 by $0.07. Accenture had a return on equity of 42.01% and a net margin of 9.76%. The business had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.04 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. Accenture’s revenue for the quarter was up 16.3% on a year-over-year basis. research analysts forecast that Accenture will post 6.71 earnings per share for the current fiscal year.
In related news, insider Daniel T. London sold 1,930 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $160.36, for a total value of $309,494.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ellyn Shook sold 4,375 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $168.02, for a total value of $735,087.50. Following the completion of the transaction, the insider now owns 31,707 shares in the company, valued at approximately $5,327,410.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,357 shares of company stock worth $8,865,112. 0.21% of the stock is owned by company insiders.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
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