Could Accenture Plc Class A Ordinary Shares (ireland) (NYSE:ACN) Change Direction After Less Shorts?

February 21, 2018 - By reb123z

 Could Accenture Plc Class A Ordinary Shares (ireland) (NYSE:ACN) Change Direction After Less Shorts?

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It turned negative, as 40 investors sold Accenture plc shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported.
Stellar Limited Co invested in 1.93% or 20,320 shares. Employees Retirement Sys Of Texas reported 239,510 shares. Amer Registered Invest Advisor Inc accumulated 4,650 shares. Federated Investors Incorporated Pa invested 0% of its portfolio in Accenture plc (NYSE:ACN). Clark Cap Mngmt Group Inc, Pennsylvania-based fund reported 101,574 shares. Gulf Intll Bancorp (Uk) Ltd accumulated 196,235 shares or 0.36% of the stock. Reilly Fincl Advsr has invested 1.8% in Accenture plc (NYSE:ACN). Great West Life Assurance Can owns 0.24% invested in Accenture plc (NYSE:ACN) for 706,279 shares. 46,235 are held by Ci Global. Meeder Asset Management holds 0.53% of its portfolio in Accenture plc (NYSE:ACN) for 36,068 shares. Iberiabank, Louisiana-based fund reported 1,810 shares. Ameriprise, a Minnesota-based fund reported 1.62 million shares. Engineers Gate Manager Limited Partnership holds 14,418 shares. Utd Automobile Association, Texas-based fund reported 579,666 shares. Miller Invest Limited Partnership reported 0.1% in Accenture plc (NYSE:ACN).

The stock of Accenture Plc Class A Ordinary Shares (ireland) (NYSE:ACN) registered a decrease of 6.34% in short interest. ACN’s total short interest was 8.80 million shares in February as published by FINRA. Its down 6.34% from 9.40 million shares, reported previously. With 1.87M shares average volume, it will take short sellers 5 days to cover their ACN’s short positions. The short interest to Accenture Plc Class A Ordinary Shares (ireland)’s float is 1.43%.

The stock decreased 0.75% or $1.22 during the last trading session, reaching $161.44. About 1.43 million shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since February 21, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $99.56 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 28.61 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.

Accenture plc (NYSE:ACN) Ratings Coverage

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 89 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, December 21 with “Buy”. Credit Suisse maintained it with “Hold” rating and $165.0 target in Tuesday, January 2 report. As per Tuesday, September 8, the company rating was upgraded by Argus Research. Societe Generale downgraded the stock to “Hold” rating in Thursday, September 28 report. The firm has “Equal Weight” rating given on Thursday, December 22 by Barclays Capital. The stock has “Hold” rating by BMO Capital Markets on Friday, March 24. Morgan Stanley maintained the shares of ACN in report on Friday, June 16 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Buy” on Monday, August 14. Cantor Fitzgerald maintained the shares of ACN in report on Thursday, June 15 with “Buy” rating. The company was initiated on Friday, September 9 by Wedbush.

More recent Accenture plc (NYSE:ACN) news were published by: Digitaljournal.com which released: “Healthcare BPO Market Trends Estimates High Demand by 2023; Says Accenture PLC …” on February 21, 2018. Also Businesswire.com published the news titled: “Accenture Completes Acquisition of Mackevision” on February 19, 2018. Streetinsider.com‘s news article titled: “UPDATE: Morgan Stanley Upgrades Accenture plc (ACN) to Overweight, Upgrades IT …” with publication date: February 05, 2018 was also an interesting one.

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