BMO Capital Markets Reaffirms "Hold" Rating for Accenture PLC

Andrew Cummings
June 23, 2017

Barclays Capital maintained Accenture Plc (NYSE:ACN) on Thursday, December 22 with "Equal Weight" rating. It has underperformed by 12.43% the S&P500. (MRK) stake by 2.13% reported in 2016Q4 SEC filing. Fourpoints Investment Managers Sas bought 21,748 shares as the company's stock declined 0.21% while stock markets rallied. The Proxima Capital Management Llc holds 351,246 shares with $4.74 million value, down from 431,246 last quarter. Inc. now has $182.73B valuation. See which 3 stocks are most likely to make moves following their insider activities. In contrast, the average volume was 2.28 million shares. Santander Consumer USA Holdings Inc (NYSE:SC) has risen 1.54% since June 22, 2016 and is uptrending.

Shares of Kamada Ltd (NASDAQ: KMDA) were down 23 percent to $5.80 after the company reported the withdrawal of European Marketing Authorization Application for inhaled Alpha-1 Antitrypsin. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is Mean Rating on scale of 1-5. Therefore 88% are positive. The stock has "Hold" rating by BMO Capital Markets on Friday, March 24. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/06/22/flinton-capital-management-llc-raises-stake-in-accenture-plc-acn-updated-updated-updated.html. Jones Lllp accumulated 8,291 shares or 0% of the stock. On Thursday, July 7 the stock rating was maintained by Barclays Capital with "Equalweight". The firm earned "Neutral" rating on Tuesday, September 13 by BNP Paribas. Illinois-based Ironbridge Cap Mngmt Lp has invested 1.07% in Illinois Tool Works Inc. Its up 0.31, from 0.91 in 2016Q3. Following the sale, the insider now owns 18,987 shares in the company, valued at approximately $2,265,338.97. 128 funds opened positions while 609 raised stakes. Welch & Forbes Limited Com invested 0.01% in Accenture Plc (NYSE:ACN). Wetherby Asset Mgmt reported 0.48% in Accenture Plc (NYSE:ACN). Moreover, Suncoast Equity Management has 8.21% invested in the company for 220,182 shares. Gratry & Co Ltd Co has 40,404 shares for 4.16% of their portfolio. Reliance Of Delaware, Delaware-based fund reported 107,663 shares. Endurance Wealth Mngmt accumulated 155 shares. Bragg reported 0.07% stake.

Shares of the company have shown an EPS growth of 13.70% in the last 5 years. After $0.40 actual earnings per share reported by Santander Consumer USA Holdings Inc for the previous quarter, Wall Street now forecasts 72.50% EPS growth.

Investors sentiment decreased to 0.93 in 2016 Q4. It dived, as 48 investors sold ACN shares while 379 reduced holdings.


Other hedge funds have also made changes to their positions in the company. The institutional investors in our partner's database now own: 466.12 million shares, up from 426.72 million shares in 2016Q3.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. Dubuque Financial Bank And has 0.03% invested in Accenture Plc (NYSE:ACN). Lau Assoc Limited Liability holds 19,576 shares. Stonebridge Capital Ltd Liability Corporation holds 0.19% of its portfolio in Accenture Plc (NYSE:ACN) for 5,593 shares.

Shares in the Dublin-based global tech consulting and services company fell 1.2% in early trading in the stock market today. Invsts Asset Management Of Georgia Ga Adv has 6,130 shares.

Accenture Plc trimmed its annual revenue forecast on Thursday, triggering concerns that uncertainty around US healthcare policy may be weighing on the company's flagship consulting business.


Westpac Banking Corp, which manages about $10.60B US Long portfolio, upped its stake in Activision Blizzard Inc (NASDAQ:ATVI) by 174,407 shares to 246,186 shares, valued at $10.24 million in 2016Q4, according to the filing.

Ratings analysis reveals 58% of Accenture Plc's analysts are positive. Just Eat had 162 analyst reports since July 24, 2015 according to SRatingsIntel.

Several other research firms have also commented on ACN. Finally, Zacks Investment Research lowered Accenture PLC from a "hold" rating to a "sell" rating in a report on Tuesday, May 30th. Robert W. Baird restated a "neutral" rating and issued a $138.00 price objective (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. As per Friday, October 16, the company rating was initiated by Cantor Fitzgerald. The firm has "Outperform" rating by Cowen & Co given on Tuesday, May 31. As per Monday, March 28, the company rating was maintained by JP Morgan. Barclays Capital maintained Accenture Plc (NYSE:ACN) on Monday, September 21 with "Equal-Weight" rating. "On Monday, March 27 the stock rating was maintained by Deutsche Bank with ".


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