Press coverage about Accenture (NYSE:ACN) has been trending positive on Tuesday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 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 news impact score of 0.28 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 46.1091388584099 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Intel’s Venkata Renduchintala Added to Accenture’s Board of Directors (govconwire.com)
- Cyber-Resilience Improving as Attacks Grow, Accenture Reports (eweek.com)
- New Accenture Study Finds 87 Percent of Focused Cyberattacks Are Prevented (finance.yahoo.com)
- Accenture Unveils an Intelligent Enterprise Platform to Empower Digital Transformation (readitquik.com)
- Accenture’s Search Technologies Says Accentuate Your Site Search (ecommercebytes.com)
Shares of NYSE ACN traded up $2.78 during midday trading on Tuesday, reaching $154.20. 1,232,534 shares of the company’s stock were exchanged, compared to its average volume of 2,430,738. Accenture has a 52-week low of $115.39 and a 52-week high of $165.58. The firm has a market cap of $95,374.29, a price-to-earnings ratio of 26.12, a PEG ratio of 2.25 and a beta of 1.04.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.09. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. research analysts expect that Accenture will post 6.69 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Pivotal Research reiterated a “buy” rating and set a $180.00 target price on shares of Accenture in a report on Wednesday, April 11th. Cantor Fitzgerald restated an “overweight” rating on shares of Accenture in a report on Tuesday, April 3rd. ValuEngine upgraded Accenture from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Wedbush decreased their price objective on Accenture from $180.00 to $153.50 and set an “outperform” rating on the stock in a report on Monday, April 2nd. Finally, Sanford C. Bernstein began coverage on Accenture in a report on Wednesday, March 28th. They set an “outperform” rating and a $180.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $161.80.
In other Accenture news, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $150.72, for a total value of $753,600.00. Following the transaction, the chief operating officer now owns 73,638 shares of the company’s stock, valued at $11,098,719.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Rowland sold 3,102 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $161.21, for a total value of $500,073.42. Following the completion of the transaction, the chief financial officer now directly owns 25,012 shares in the company, valued at approximately $4,032,184.52. The disclosure for this sale can be found here. Insiders sold 107,450 shares of company stock worth $16,465,847 in the last ninety days. 0.21% of the stock is owned by corporate insiders.
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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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