Accenture plc (ACN)'s Stock Is Buy After Making 52-Week High

Lester Mason
December 8, 2017

The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. The SI to Aircastle Limited's float is 1.68%. The stock decreased 1.09% or $0.49 during the last trading session, reaching $44.24. About 1.36M shares traded. It has underperformed by 8.27% the S&P500. Appleton Partners Inc acquired 4,557 shares as Accenture Plc Ireland Shs Clas (ACN)'s stock declined 0.21%. The companyÂ's services and products include cloud sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other clients to accelerate and monetize value-add services for secure and broadband networks and connected devices. Amica Pension Fund Board Of Trustees has invested 0.39% in Accenture plc (NYSE:ACN). Today it is now trading at $148.27 (0.41%), with an average volume 1994.43, its volume today is 1,363,413.

The company during the last trade was able to reach a volume of 5.03 million shares.

At the time of writing, Accenture plc (NYSE:ACN) has a Piotroski F-Score of 6. It has underperformed by 12.43% the S&P500. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Therefore 54% are positive. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $148.60. The company was upgraded on Monday, September 26 by Societe Generale. Cowen & Co maintained the shares of ACN in report on Friday, July 28 with "Buy" rating. The firm has "Buy" rating by Keefe Bruyette & Woods given on Friday, June 23.

Relative trade-off between the price of a stock and the earnings prospects stands at 2.83 times, but we believe stock is now overvalued due to heightened demand for Accenture plc shares. The firm earned "Buy" rating on Monday, March 21 by Stifel Nicolaus. Robert W. Baird maintained the stock with "Hold" rating in Thursday, September 21 report. The rating was maintained by RBC Capital Markets on Thursday, October 12 with "Buy". Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred on Wednesday, May 10th. Following the completion of the transaction, the insider now directly owns 18,987 shares of the company's stock, valued at $2,265,338.97. OH increased its holdings in Accenture by 1.4% during the 2nd quarter. Its down 0.23, from 0.95 in 2017Q1. The Price Range of Accenture plc (NYSE:ACN) over the past 52 weeks is 1.000000. Linscomb & Williams reported 24,587 shares. Bahl & Gaynor reported 0.74% stake. Moreover, Indaba Capital Management L.P. has 2.22% invested in the company for 600,000 shares.

Accenture plc (ACN) has so far tried and showed success to beat the consensus-estimated $1.47, with their earning staying at $1.48 per share. Crawford Inv Counsel invested in 1.64% or 385,440 shares. California-based San Francisco Sentry Invest Group (Ca) has invested 0.01% in Accenture plc (NYSE:ACN). It is calculated by multiplying a company's shares outstanding by the current market price of one share.

The stock of Accenture Plc (NYSE:ACN) registered a decrease of 2.06% in short interest. Credit Agricole S A has invested 0.71% in Accenture plc (NYSE:ACN).

Davis R M, a Maine-based fund reported 194,889 shares. Zeke Cap Advisors Ltd holds 0.15% or 6,163 shares in its portfolio. The C-Score of Accenture plc (NYSE:ACN) is 4.00000. As stated above, it has an EPS growth projection for the next five years of 9.64%. Therefore 53% are positive. BJ's Restaurants had 27 analyst reports since July 27, 2015 according to SRatingsIntel. The stock now has an average rating of "Buy" and an average price target of $144.38. The rating was maintained by Morgan Stanley with "Equal-Weight" on Friday, September 22. The firm earned "Hold" rating on Friday, September 1 by Robert W. Baird. The stock has "Buy" rating by Jefferies on Monday, October 10. The firm has "Buy" rating given on Thursday, June 15 by RBC Capital Markets. The rating was downgraded by Goldman Sachs to "Sell" on Monday, April 3. Market capitalization is important because company size is a basic indicator of multiple characteristics in which investors are interested in, including risk. Barclays Capital maintained the stock with "Overweight" rating in Wednesday, November 11 report. Its up 0.56, from 1.38 in 2017Q1. 59 funds opened positions while 90 raised stakes. Royal Bancorporation Of Canada has invested 0% in PBF Energy Inc. The stock of Voya Financial, Inc. Qcm Cayman Limited invested in 0.98% or 3,457 shares. (NASDAQ:BJRI) for 132,445 shares. Wealthtrust holds 25 shares or 0% of its portfolio. 27,137 were accumulated by Great West Life Assurance Communication Can. State Street Corp increased its holdings in Accenture by 2.7% in the 1st quarter. 12,388 were reported by Victory Capital Mngmt Inc. accumulated 0.41% or 2.47M shares. 108,000 are held by Armistice Cap Ltd Com. Finally, Retirement Systems of Alabama raised its position in Accenture by 0.3% during the second quarter. Finally, Susquehanna Bancshares reaffirmed a "neutral" rating and issued a $144.00 price target on shares of Accenture in a report on Tuesday, October 3rd. As for the shares, it has gone above the 20 days moving average and is now hovering within a distance of 1.45%.

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