How Many Accenture Plc (NYSE:ACN)’s Analysts Are Bearish?

Out of 24 analysts covering Accenture Plc (NYSE:ACN), 14 rate it “Buy”, 0 “Sell”, while 13 “Hold”. This means 52% are positive. Accenture Plc was the topic in 15 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Below is a list of Accenture Plc (NYSE:ACN) latest ratings and price target changes.

19/02/2016 Broker: Cowen & Co Rating: Outperform New Target: $115.00 Initiate
18/12/2015 Broker: Goldman Sachs Rating: Neutral Old Target: $110.00 New Target: $116.00 Target Up
18/12/2015 Broker: Bernstein Rating: Market Perform Old Target: $100.00 New Target: $104.00 Target Up
18/12/2015 Broker: BMO Capital Markets Rating: Market Perform Old Target: $105.00 New Target: $110.00 Target Up
18/12/2015 Broker: RBC Capital Markets Rating: Outperform Old Target: $109 New Target: $121 Maintain
11/12/2015 Broker: BMO Capital Markets Rating: Market Perform Old Target: $103.00 New Target: $105.00 Target Up
02/12/2015 Broker: Societe Generale Rating: Hold Old Target: $102.00 New Target: $108.00 Target Up
02/11/2015 Broker: Bank of America Rating: Neutral Old Target: $105.00 New Target: $112.00 Target Up
16/10/2015 Broker: Cantor Fitzgerald Rating: Buy Initiate
28/09/2015 Broker: RBC Capital Markets Rating: Outperform New Target: $109.00 Target

The stock closed at $99.55 during the last session. It is down 0.84% since July 21, 2015 and is downtrending. It has outperformed by 8.10% the S&P500.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The company has a market cap of $65.50 billion. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. It has 20.97 P/E ratio. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

The institutional sentiment increased to 0.95 in 2015 Q3. Its up 0.04, from 0.91 in 2015Q2. The ratio is positive, as 57 funds sold all Accenture Plc shares owned while 359 reduced positions. 78 funds bought stakes while 319 increased positions. They now own 454.57 million shares or 0.21% more from 453.63 million shares in 2015Q2.

Sloane Robinson Llp holds 25.61% of its portfolio in Accenture Plc for 232,800 shares. Csu Producer Resources Inc. owns 20,000 shares or 17.18% of their US portfolio. Moreover, Praesidium Investment Management Company Llc has 15.26% invested in the company for 1.67 million shares. The United Kingdom-based Independent Franchise Partners Llp has invested 7.7% in the stock. Peregrine Asset Advisers Inc., a Oregon-based fund reported 72,689 shares.

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