Societe Generale Upgrades Accenture Plc to Buy

Brokerage firm Societe Generale Upgrades its rating on Accenture Plc(NYSE:ACN). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Societe Generale was issued on Sep 26, 2016.

In a different note, Wedbush said it Initiates Coverage on Accenture Plc, according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. Pacific Crest said it Initiates Coverage on Accenture Plc, according to a research note issued on Jul 12, 2016. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Accenture Plc. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Accenture Plc (ACN) made into the market gainers list on Thursdays trading session with the shares advancing 1.75% or 1.96 points. Due to strong positive momentum, the stock ended at $113.66, which is also near the day’s high of $114.27. The stock began the session at $111.98 and the volume stood at 25,96,154 shares. The 52-week high of the shares is $120.78 and the 52 week low is $91.4. The company has a current market capitalization of $73,280 M and it has 64,47,28,520 shares in outstanding.

Accenture Plc(ACN) last announced its earnings results on Jun 23, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $8.44B. Analysts had an estimated revenue of $8.34B. Earnings per share were $1.41. Analysts had estimated an EPS of $1.41.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Richard Lumb (Group Chief Executive-Fin Serv) sold 1,250 shares at $113.12 per share price.Also, 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.

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