Accenture Plc (ACN) is Upgraded by Societe Generale to Buy

Accenture Plc (ACN) was Upgraded by Societe Generale to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Societe Generale advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on Accenture Plc. Wedbush Initiated Accenture Plc on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $125.Pacific Crest Initiated Accenture Plc on Jul 12, 2016 to “Overweight”, Price Target of the shares are set at $129.

On the company’s financial health, Accenture Plc reported $1.41 EPS for the quarter, based on the information available during the earnings call on Jun 23, 2016. Analyst had a consensus estimate of $1.41. The company had revenue of $8434.80 million for the quarter, compared to analysts expectations of $8288.50 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.

Accenture Plc opened for trading at $111.98 and hit $114.27 on the upside on Thursday, eventually ending the session at $113.66, with a gain of 1.75% or 1.96 points. The heightened volatility saw the trading volume jump to 25,96,154 shares. Company has a market cap of $73,280 M.

In a different news, on Aug 11, 2016, Richard Lumb (Group Chief Executive-Fin Serv) sold 1,250 shares at $113.12 per share price. According to the SEC, on Jun 30, 2016, Pierre Nanterme (Chairman & CEO) sold 46,739 shares at $111.32 per share price. On Jun 29, 2016, ‘t Noordende Alexander M Van (Group Chief Exec-Products) sold 7,929 shares at $110.18 per share price, according to the Form-4 filing with the securities and exchange commission.

Accenture plc is engaged in providing management consulting technology and outsourcing services. The Company’s business is structured around five operating groups which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications Media & Technology Financial Services Health & Public Service Products and Resources. The Communications Media & Technology segment serves the communications electronics technology media and entertainment industries. The Financial Services segment serves the banking capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers government departments public service organizations educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals energy forest products metals and mining utilities and related industries.

Accenture Plc

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