AccentureACN
Market Cap: $213B
About: Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
Employees: 750,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
18% more call options, than puts
Call options by funds: $1.38B | Put options by funds: $1.17B
10% more repeat investments, than reductions
Existing positions increased: 945 | Existing positions reduced: 856
3% less funds holding
Funds holding: 2,291 [Q1] → 2,232 (-59) [Q2]
2.81% less ownership
Funds ownership: 72.77% [Q1] → 69.96% (-2.81%) [Q2]
16% less capital invested
Capital invested by funds: $169B [Q1] → $143B (-$26.3B) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 99 [Q1] → 74 (-25) [Q2]
27% less first-time investments, than exits
New positions opened: 163 | Existing positions closed: 222
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 11%upside $376 | Overweight Maintained | 6 Sept 2024 |
UBS Kevin Mcveigh 60% 1-year accuracy 12 / 20 met price target | 18%upside $400 | Buy Upgraded | 19 Jul 2024 |
Morgan Stanley James Faucette 62% 1-year accuracy 16 / 26 met price target | 12%downside $300 | Equal-Weight Downgraded | 26 Jun 2024 |
Goldman Sachs James Schneider 71% 1-year accuracy 10 / 14 met price target | 1%downside $335 | Neutral Initiated | 24 Jun 2024 |
Morgan Stanley James Faucette 62% 1-year accuracy 16 / 26 met price target | 18%upside $400 | Overweight Maintained | 21 Jun 2024 |
Financial journalist opinion
Based on 20 articles about ACN published over the past 30 days