News coverage about Accenture PLC (NYSE:ACN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Accenture PLC earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 46.732168411439 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- CEO of Accenture North America: We Are Committed to Gender Parity by 2025 – Presented by: The Aol. On Network (nasdaq.com)
- Accenture PLC (ACN) versus The Competition Critical Review (americanbankingnews.com)
- Accenture CEO is Focused on Reskilling the Workforce for the Digital Future (msn.com)
- Accenture sees ‘secular downward’ trend in bank fees – Reuters (reuters.com)
ACN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Morgan Stanley set a $132.00 price objective on shares of Accenture PLC and gave the stock a “hold” rating in a research report on Friday, June 16th. BMO Capital Markets reiterated a “hold” rating and issued a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Cowen and Company upped their price objective on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus upped their price objective on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $132.59.
Shares of Accenture PLC (NYSE:ACN) traded up 0.36% during trading on Friday, hitting $135.35. 3,713,509 shares of the stock traded hands. The company’s 50 day moving average is $130.42 and its 200 day moving average is $124.76. Accenture PLC has a 52-week low of $109.50 and a 52-week high of $136.95. The firm has a market cap of $83.64 billion, a PE ratio of 23.97 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. The firm had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. Accenture PLC’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, equities research analysts predict that Accenture PLC will post $5.90 EPS for the current year.
In other news, insider Gianfranco Casati sold 6,836 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $840,622.92. Following the completion of the sale, the insider now directly owns 61,714 shares in the company, valued at $7,588,970.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Chad T. Jerdee sold 3,200 shares of the firm’s stock in a transaction 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 $2,283,061.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is owned by company insiders.
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About Accenture PLC
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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