Accenture Plc (ACN) Expected to Announce Quarterly Sales of $10.02 Billion

Marco Green
April 16, 2018

Virtue Capital Management LLC purchased a new position in shares of Accenture during the 4th quarter valued at $128,000. The Massachusetts-based Reynders Mcveigh Capital Ltd Liability has invested 0.09% in Accenture plc (NYSE:ACN).

ACN stock traded up $0.04 during trading on Friday, reaching $150.13. Using a broader approach, shares have been trading 4.11% off of the 200-day moving average. The stock outperformed the S&P 500 by 13.13%.

Schwerin Boyle Capital Management Inc increased its stake in Bank Of America (BAC) by 16.6% based on its latest 2017Q4 regulatory filing with the SEC. Meristem LLP now owns 2,085 shares of the company's stock worth $255,000 after buying an additional 18 shares in the last quarter. There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher - it could break down to an even lower level. Fidelity Natl Information Sv now has $32.24 billion valuation. Currently, the stock is trading -5.59% ahead of its 52-week high and 8.73% beyond its 52-week low. Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) has risen 41.40% since April 16, 2017 and is uptrending. It has underperformed by 33.26% the S&P500.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 50% are positive. Since October 23, 2017 according to StockzIntelligence Inc Accenture has 31 analyst reports. Moreover, Oakworth Cap has 0.01% invested in Accenture plc (NYSE:ACN) for 254 shares. The company was downgraded on Thursday, September 28 by Societe Generale. The firm earned "Buy" rating on Thursday, November 2 by Stifel Nicolaus. Zacks Investment Research downgraded Accenture PLC from a "buy" rating to a "hold" rating in a research report on Tuesday, December 13th. On Monday, November 20 KeyBanc Capital Markets maintained Accenture plc (NYSE:ACN) rating. The stock has "Hold" rating by Robert W. Baird on Thursday, September 21. As per Friday, September 11, the company rating was maintained by SunTrust. Windward Capital Management Company bought 4,455 shares as the company's stock declined 3.27% with the market. Listed here are Accenture plc (NYSE:ACN) PTs and latest ratings. The business services company announced $13.52 million value for the 2017Q4. Wells Fargo & Mn owns 6.98 million shares or 0.31% of their USA portfolio. Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.30 as current ratio and on the opponent side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The ratio dropped due to ACN positioning: 46 sold and 393 reduced. 108 funds opened positions while 300 raised stakes. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.49 by $0.09. Boston Private Wealth Ltd holds 0.86% or 148,455 shares in its portfolio.

NBL institutional ownership is held at 97.3% while insider ownership was 1.2%. Dubuque Comml Bank Trust stated it has 2,914 shs. 2,405 are held by Pacific Investment Management Com. 102,150 were reported by Meag Munich Ergo Kapitalanlagegesellschaft Mbh.

Presently, 0.20% shares of Accenture plc (NYSE:ACN) are owned by insiders with -14.85% six-month change in the insider ownership. Cambridge Commerce invested 0.67% in Accenture plc (NYSE:ACN). Now the institutional investor is holding 88,336 shares, compared to the 55,497 from the previous quarter. Invesco Limited holds 0.08% or 5.26M shares in its portfolio. Peoples Financial Services CORP. now owns 1,823 shares of the company's stock worth $223,000 after buying an additional 23 shares in the last quarter. Arrow Financial Corp who had been investing in General Electric Corp for a number of months, seems to be less bullish one the $117.27B market cap company. Regentatlantic Lc invested in 9,497 shares. Advsr Asset Management accumulated 103,560 shares. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. Therefore 50% are positive. The firm has "Buy" rating by Credit Suisse given on Friday, April 28. As per Monday, April 9, the company rating was maintained by J.P. Morgan. As per Tuesday, August 15, the company rating was maintained by Cowen & Co.

Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story. JP Morgan has "Overweight" rating and $103 target. (NYSE:FIS) has "Outperform" rating given on Friday, August 7 by Oppenheimer. KeyBanc Capital Markets maintained the shares of ACN in report on Sunday, October 29 with "Buy" rating. The firm has "Buy" rating given on Friday, July 7 by Stifel Nicolaus.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It also reduced its holding in Apartment Invt & Mgmt Co (NYSE:AIV) by 207,600 shares in the quarter, leaving it with 1.03 million shares, and cut its stake in Cubesmart (NYSE:CUBE). 115 funds opened positions while 83 raised stakes. Nuveen Asset Mngmt Lc reported 416,795 shares. 149,247 are held by Magnetar Llc. Norinchukin Bancshares The invested in 105,741 shares. Avalon Ltd Liability Corporation stated it has 0.36% in Accenture plc (NYSE:ACN). 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Moreover, Prudential Fin Inc has 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR). Blair William Co Il owns 549,287 shares. Bbva Compass Bancorporation holds 0.15% or 138,178 shares in its portfolio. 20,223 are owned by Shine Advisory Services. The New York-based Ny State Teachers Retirement System has invested 0.02% in American Campus Communities, Inc. Joel Isaacson And Ltd Llc invested in 95,249 shares. Selway Asset Management owns 48,090 shares. Moors Cabot invested in 0.91% or 394,367 shares. Wagner Wealth Management LLC bought a new stake in shares of Accenture in the fourth quarter valued at about $179,000. The company is scheduled to issue its next quarterly earnings report on Thursday, June 28th. They expect $-1.09 EPS, down 15.96% or $0.15 from last year's $-0.94 per share. After $-1.81 actual EPS reported by Agios Pharmaceuticals, Inc. for the previous quarter, Wall Street now forecasts -11.60 % EPS growth.

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