Accenture (ACN) Getting Positive Press Coverage, Report Shows

Media headlines about Accenture (NYSE:ACN) have been trending positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Accenture earned a media sentiment score of 3.00 on their scale. InfoTrie also gave news stories about the information technology services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accenture’s score:

Shares of ACN opened at $166.82 on Tuesday. Accenture has a twelve month low of $146.05 and a twelve month high of $175.64. The stock has a market cap of $109.28 billion, a PE ratio of 24.75, a P/E/G ratio of 2.21 and a beta of 1.01.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.02. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts predict that Accenture will post 7.21 EPS for the current year.

The business also recently declared a semiannual dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th were given a dividend of $1.46 per share. The ex-dividend date was Wednesday, October 17th. This is a boost from Accenture’s previous semiannual dividend of $1.21. This represents a dividend yield of 1.68%. Accenture’s dividend payout ratio is currently 43.32%.

Several equities research analysts have commented on ACN shares. Zacks Investment Research downgraded shares of Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. Citigroup upped their price objective on shares of Accenture from $163.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, September 18th. Deutsche Bank upped their price objective on shares of Accenture from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Bank of America upped their price objective on shares of Accenture from $174.00 to $175.00 and gave the company a “neutral” rating in a report on Monday, September 24th. Finally, UBS Group set a $180.00 price objective on shares of Accenture and gave the company a “hold” rating in a report on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. Accenture presently has a consensus rating of “Buy” and an average target price of $177.02.

In related news, insider Jean-Marc Ollagnier sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $173.37, for a total value of $232,315.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arun Sarin sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $171.40, for a total transaction of $200,538.00. Following the completion of the transaction, the director now owns 4,582 shares in the company, valued at $785,354.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,717 shares of company stock worth $13,041,890. Company insiders own 0.21% of the company’s stock.

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Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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