Favorable News Coverage Somewhat Unlikely to Impact Accenture PLC (NYSE:ACN) Share Price
Press coverage about Accenture PLC (NYSE:ACN) has trended positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Accenture PLC earned a news impact score of 0.25 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 44.924321383201 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Depomed, Inc. (DEPO) and Accenture plc (ACN) in Versatile News at Street – Investing News Update (investingbizz.com)
- Accenture plc Class A Ordinary (ACN) Position Decreased by Jensen Investment Management Inc – Modern Readers (modernreaders.com)
- Biometrics and Advanced Analytics Revolutionizing How Governments Address Data Security and Privacy, Accenture Report Finds (finance.yahoo.com)
- Accenture Acquires Marketing Agency Wire Stone to Deliver Connected Customer Experiences (finance.yahoo.com)
- Accenture Completes Acquisition of Phase One, Bolsters Salesforce Capabilities and Innovation in the Cloud for Federal Market (finance.yahoo.com)
Accenture PLC (NYSE:ACN) traded up 0.38% on Wednesday, hitting $129.62. The company had a trading volume of 1,216,883 shares. Accenture PLC has a one year low of $108.83 and a one year high of $130.67. The stock has a market capitalization of $80.10 billion, a PE ratio of 22.95 and a beta of 1.11. The stock has a 50 day moving average of $126.26 and a 200-day moving average of $122.03.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.52. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The company had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the company earned $1.41 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts anticipate that Accenture PLC will post $5.90 EPS for the current year.
Several equities analysts recently issued reports on ACN shares. Zacks Investment Research lowered 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 Accenture PLC and gave the company 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 from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Cowen and Company boosted their price objective on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Accenture PLC has an average rating of “Buy” and a consensus price target of $130.71.
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In related news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the sale, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Chad T. Jerdee sold 3,200 shares of Accenture PLC stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $393,504.00. Following the sale, the general counsel now owns 18,566 shares in the company, valued at $2,283,061.02. The disclosure for this sale can be found here. Insiders have sold 77,617 shares of company stock worth $9,636,557 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.
Accenture PLC Company Profile
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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